For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum...
British digital bank Monzo says it has more than 10 million personal customers. This milestone, announced Tuesday (Aug. 6), comes weeks after the company reached...
British digital bank Monzo is launching a free account for children under 16. The bank on Wednesday announced the waitlist for Monzo for Under 16s,...
Artificial intelligence (AI) may cut costs, but financial services companies have reportedly been slow to embrace it. That’s according to a report Sunday (June 30)...
The U.K.’s financial watchdog has apparently dropped a probe into Monzo’s anti-money laundering system. That’s according to an item buried deep in the neobank’s annual report issued Monday (June...
British neobank Monzo is planning further expansion as it marks its first profitable year. The company’s annual report, released Monday (June 3), showed its profit...
U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion,...
As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an...
Investors may be gearing up for an initial public offering (IPO) renaissance, but if PYMNTS’ FinTech IPO Index serves as any harbinger: Caveat emptor. There’s...