Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing a 54.7% increase in pre-tax profits, to 301.1 million pounds ($384.3 million). The firm’s revenues rose by 50.6% to 682.2...
Digital banking architecture is having a moment. Financial technology companies and consumer-facing neobanks are using it to create new features, applications and customer experiences. Regulators are focused on it as they try to make sense of their potential involvement. And as its importance spreads beyond...
Many companies pay lip service to their “ecosystem” as they navigate the world of digital banking solution providers and FinTech partnerships. Five months into his tenure at NCR Voyix, President of Digital Banking Brendan Tansill is doing much more than talking the talk. As he...
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...
