That was quick. After receiving preliminary approval from the OCC on December 30, LendingClub announced today that they have now...
Yesterday LendingClub announced as part of their Q4 2019 earnings call that they are acquiring a bank, something no other...
Just a month after receiving their long anticipated banking license, digital bank Revolut recently experienced an app failure that left...
The company announced the news in an earnings call; they will begin testing products this year and have invested $53.3 million developing the new bank; Virgin Money is said to have signed an agreement with 10x Future Technologies to develop the platform. Source
The way the basic checking account is constructed has not changed in decades. Your money is kept on a bank’s...
The last day of the year is normally pretty quiet as far as news goes but LendingClub had two major...
It has been a busy first quarter of 2021 for SoFi. The new year kicked off with the announcement that...
River Valley Bank is a $1.3 billion community bank based in Wisconsin and Michigan and they launched a new online...
UK based Digital Bank Monzo is planning a crowdfunding round to give customers a greater share of ownership; the round will look to raise between $13mn and $40mn; while they will use the round for hiring it is meant to provide customers “a genuine sense of ownership”; the crowdfunding round follows the recent $94mn private equity backed fundraising. Source.
Loot was a startup that offered a current account for millennials; last month it went into administration after they ran...