When the world went into lockdown the digital banks were one of the beneficiaries of everyone staying at home; Current...
There have been many recent launches of digital banks which was a result of regulatory changes in the UK; Metro Bank was the first having launched in 2010, but there are many new names since then; article highlights founders and investors in the space including Eileen Burbidge (Monzo), Sanjeev Gupta (Wyelands Bank), Jonathan Rowland (Redwood Bank), Nick Ogden (ClearBank) and the Pears family (Masthaven Bank). Source
Just a month after receiving their long anticipated banking license, digital bank Revolut recently experienced an app failure that left...
I was reading the Financial Times over the weekend and I came across this article citing a banking analyst’s perspective...
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
It has been a busy first quarter of 2021 for SoFi. The new year kicked off with the announcement that...
The way the basic checking account is constructed has not changed in decades. Your money is kept on a bank’s...
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