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The Evolution of Specialised Lending: Navigating Complexity and AI Integration with Loan IQ
The corporate lending landscape is experiencing a structural transformation driven by the exponential growth of […]
Monzo bank's Tom Blomfield quits as CEO
Tom Blomfield was with the UK challenger bank from the beginning as the co-founder and the CEO. Now he is moving to the newly established position of president to focus on the logterm vision of the company.
Bunq challenger lets you create joint accounts with others
Bunq is a dutch challenger bank present since 2012 and it is already live across 30 countries. Last month it has come up with a very new feature for their premium subscribers.
Nikolay Storonsky from Revolut and Tom Blomfield from Monzo now amongst the richest people
Both CEOs of the top UK fintech challenger banks, Nikolay Storonsky and Tom Blomfield have been listed on the "Sunday Times Rich List" for the first time.
Monzo valuation drops by 40% as it seeks funding
Monzo bank seeks a new round of funding that would value the business at £1.25bn. That would mean a 40% drop from its most recent valuation of £2bn last year.
Revolut cuts about 60 jobs citing COVID-19 crisis measures
The digital bank unicorn Revolut has announced to lay-off 60 of its employees as it admits the COVID-19 has some negative impact already.
N26 discharged 10% of New York staff
N26 had a team of 90 employees working in their New York offices. Now it lets 9 of them go.
Monzo hires veteran Dave Laramy as new VP and head of global financial crime
Monzo bank announced Dave Laramy is set to join next month and will provide the challenger with over 17 years of experience in the industry.
Bunq is considering a US expansion and could have its first funding round ever
Bunq has become one of Europe’s leading challenger banks without raising a single cent.
Alpian is REYL's digital neobank from Switzerland and it raised $12.5M
Alpian, a Swiss neobank launched by REYL, announced that it has secured CHF 12.2 million (around $12.5) in a Series A funding round.
Revolut's next step is acquisition of smaller fintech companies
Revolut raised $500m in its recent Series D funding round and is looking to use it to buy companies that have been hit by the coronavirus pandemic.
Revolut launches a bank to provide insured deposits
Revolut has launched a licenced bank in Lithuania, enabling the 300,000 customers in the country to safely deposit their salaries in deposit-protected bank accounts.
Monese closes offices in Lisbon and Berlin as it halts expansion
London and Tallinn-based startup Monese is set to make staffing cuts and lower its ambitions for a funding round.
RBS's Bó challenger to Monzo has failed and drops out
RBS launched Bó back in November 19' to compete with the Monzo and Revolut but now Bó gets discarded.
Monzo has attracted most people who switched their accounts
Monzo bank attracted the biggest amount of account switchers in the final three months of last year according to the most recent data.
Monese launched a desktop version of its app
Uk based challenger banking app Monese has launched a desktop version of its banking platform.
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