Monzo has officially launched their first product for businesses; the bank has shared that they hope to be profitable in...
2019 might prove to be a turning point for challenger banks as they turn towards the next decade with the...
One of the more unique offerings by some fintechs in the US is earned wage access; the feature aims to...
UK-based Redwood Bank has launched digital banking services after obtaining a banking license for business in the UK; Redwood Bank is the first bank with a 100% cloud-based infrastructure and will offer SME mortgages for business owners and professional landlords as well as a 35-day business savings account; Redwood Bank is wholly-owned by Redwood Financial Partners Ltd. which is controlled primarily by Warrington Borough Council with a 33% ownership stake; the newly launched bank is covered by the UK's Financial Services Compensation Scheme (FSCS) which protects customers' eligible deposits of up to a total of GBP85,000 ($109,846). Source
Revolut has closed a $500 million round led by TCV; the challenger bank has now raised $836 million in total;...
UK digital challenger, Starling Bank, has announced plans to move forward with a small business lending offering; last year they...
Bill Harris is the former CEO of PayPal and Intuit and is also the founder and CEO of Personal Capital;...
Tearsheet asked 107 financial professionals from traditional financial institutions and fintechs who is the biggest threat to banks in consumer...
UK based challenger bank Clydesdale and Yorkshire Banking Group announced they would increase minimum salaries by 11 percent in an effort to boost pay to their female workforce; the bank released news that men were paid 37 percent more than women, mostly due to men being in higher paying roles; the bank signed up for the government’s Women in Finance Charter to help increase their proportion of women in senior roles to 40 percent by 2020 and 50 percent in the long term. Source.
Apple announced more details about their card partnership with Goldman Sachs yesterday and the news provided a number of interesting...