Dutch neobank Bunq is reportedly aiming to return to the U.K. Founder and CEO Ali Nikham told CNBC in a report published Monday (June 3) that the company is hoping to obtain a banking license from British regulators. “I hope we’ll get somewhere by the end of the year, maybe early...
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 before tax at $19.5 million (£15.4 million) compared to a loss of £116.3m in the prior year. “This was a...
London-based FinTech company Revolut has reportedly set its sights on the Asia-Pacific (APAC) region for its global expansion strategy. Charlie Short, head of growth at Revolut, told Bloomberg the company is committed to accelerating growth in markets such as Australia, New Zealand and Singapore, according...
Jio Financial Services launched its JioFinance app in beta mode, saying it aims to advance digital transformation and enhance the “financial well-being of every Indian.” The app aims to facilitate digital banking and the daily finances of its users, the company said in a Thursday...
FIS has launched a new version of its mobile banking application for financial institutions. With the new FIS Digital One Flex Mobile 6.0, financial institutions can enable their customers to bank on mobile or online and to benefit from a simplified design, new fraud prevention features and upgrades to its...
Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and will begin onboarding “soon,” according to a Wednesday (May 15) press release. With MyPay, qualifying Chime members will be able...
Brazilian digital bank Nubank now has more than 100 million customers. The company announced the achievement in a Wednesday (May 8) press release, saying it was the first digital banking platform to mark this milestone outside of Asia. “In 2013, we had set ourselves the ambitious goal to reach 1 million...
The amount of data now being generated by consumers is testing the constraints of the dictionary. Only 10 years ago it was measured in terabytes, which is a trillion bytes. But now those 329 million terabytes of data are generated every day, and data scientists have applied a relatively new term: The Zettabyte Era....
Revolut has reportedly made a $100 million-plus bet on Mexico’s remittance market. Speaking with Reuters Wednesday (April 17), Revolut Mexico CEO Juan Miguel Guerra said the bulk of that investment will be used to hire staff, cover short-term debt and expenses and maintain a strong...
