Tag: banking
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Startup nsave is bringing international banking access to Syrians shut out of the financial system
Nsave , a UK-founded offshore banking platform built for people from distressed economies, today announced the launch of financial services for Syrians in two phases: inbound transfers into Syria and international accounts for residents inside Syria. For the first time, Syrians will have access to a stable foreign currency account, providing a hedge against local read more
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Starling no plans to enter “massively overserved” US retail banking market
Starling Bank has no plans to enter the “massively overserved” US retail banking market, but will focus its US expansion on its business-to-business offering instead, says its chief financial officer. The UK challenger bank is looking to establish itself in the US, to diversify and grow its revenues, and is looking at buying a US read more
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Germany’s Akbank AG successfully completes first phase of core banking migration to Mambu in partnership with Innovance
Akbank AG, the German subsidiary of Turkey’s leading bank Akbank TAS, has successfully completed Phase 1 of its core banking transformation, to the leading SaaS cloud banking platform Mambu. The transformation was delivered in close partnership with Innovance, Mambu’s strategic technology partner. The milestone marks a full transition away from Akbank AG’s legacy core system read more
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Revolut wins full UK banking licence, as finally exits mobilisation phase
Revolut has been awarded a full UK banking licence, after regulators lifted restrictions on the UK challenger bank, which had lasted for an extended time. Revolut, valued at $75bn,today said it had received regulatory approval from the Bank of England’s Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in read more
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Revolut makes fresh bid for US banking licence
Revolut is making a fresh attempt to secure a US banking licence, it said today, as itscaled up its ambitions on the US market. Revolut, valued at $75bn, hailed the filingfor the US bank charter with theUS Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation as a “major milestone”. It comes read more
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Monzo wins European banking licence, as investors agitate for CEO return
Monzo has been given the green lightto expand across Europe, after winning a banking licence. The UK digital bank announced today that it has secured a European banking licence. The winning of the licence comes amid reports that well-known Monzo shareholders are agitating to reinstate the Monzo CEO and push out the Monzo chair. Monzo read more
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BKN301 expands Series B and acquires UK fintech Planky to advance AI-first banking
Fintech has secured a credit facility and acquired Planky, a UK-based tech company specialised in AI-driven financial analytics and open banking. The credit facility accompanies its latest Series B round, bringing the total raised to £29 million. The BKN301 Group is a fintech architecture provider that supports banks and fintech companies. Its cloud-native, proprietary suite read more
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Deblock secures €30M Series A to expand on-chain banking in Europe
French crypto-banking startupDeblockhas secured €30 million in Series A funding led bySpeedinvest, alongsideCommerzVenturesandLatitude. Existing investors 20VC, Headline, Chalfen Ventures, and Kraken Ventures also participated in the round. Deblock offers a fully on-chain banking solution in Europe that combines features of a traditional bank account with on-chain self-custody. By linking a euro current account with a read more
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