Revolut is reportedly planning a share sale and seeking a valuation that would be close to that of Lloyds Banking Group. The British FinTech is seeking a valuation of greater than $40 billion as it works to sell about $500 million worth of employee shares...
The Treasury Prime Partner Marketplace now includes FS Vector’s regulatory compliance training platform Headmaster. This addition comes as part of a newly formalized relationship between Treasury Prime, which is an embedded banking software company, and FS Vector, which is a regulatory advisory firm, the companies...
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 $144 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...
