Neobank PrizePool is reportedly shutting down its consumer app amid an acquisition. That’s according to a report Sunday (Aug. 25) by Fintech Business Weekly, which...
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...
A top global financial watchdog says the “shadow banking” sector needs more regulation. Writing Monday (July 22) to a group of finance ministers and central...
They say there are no guarantees in life. That sentiment applies to financial services — at least depending on where you look, or what promises...
A European Central Bank board member is warning of threats tied to shadow banking. In an interview with the Financial Times published Wednesday (July 10), Elizabeth McCaul said the growth of...
The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up...
Revolut’s chair is not ready to commit to an initial public offering (IPO) in London. Speaking to the Financial Times (FT) Tuesday (July 2), Martin Gilbert praised pending...
The relationships between FinTechs, banks and neobanks has been placed under a harsh spotlight with the recent revelations around the Synapse bankruptcy. The reaction from...