digital banks

Monzo Debuts Digital Bank Accounts for Kids Under 16
Monzo Debuts Digital Bank Accounts for Kids Under 16
July 17, 2024  |  Digital-First Banking

 British digital bank Monzo is launching a free account for children under 16. The bank on Wednesday announced the waitlist for Monzo for Under 16s,...

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UK Neobank Starling Profits Soar 55% for Third Year in the Black
UK Neobank Starling Profits Soar 55% for Third Year in the Black
June 12, 2024  |  Digital Banking

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...

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Zopa CEO Doubts UK FinTechs Will Go Public This Year
Zopa CEO Doubts UK FinTechs Will Go Public This Year
April 15, 2024  |  IPO

British digital bank Zopa is profitable and getting closer to going public.  But CEO Jaidev Janardana told the Financial Times (FT) Monday (April 15) that while the company...

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Monzo Valued at $5 Billion as Neobank Plans Expansion
Monzo Valued at $5 Billion as Neobank Plans Expansion
March 05, 2024  |  Digital-First Banking

UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and...

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Monzo Aims for £4 Billion Valuation as Biggest Challenger Bank in UK
Monzo Aims for £4 Billion Valuation as Biggest Challenger Bank in UK
February 20, 2024  |  Fintech Investments

Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. The digital bank, which currently has over nine...

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X’s Money Movement Push Comes as Regulators Warn of Non-Bank Financial Risks
X’s Money Movement Push Comes as Regulators Warn of Non-Bank Financial Risks
December 11, 2023  |  Digital Payments

X, formerly known Twitter, has been laying the groundwork state by state to move further into money movement. In doing so, the social media stalwart...

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Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
October 31, 2023  |  Fraud Prevention

They have different business models — but often compete for the same customers. And for banks and neobanks, there may be one commonality: The challenge...

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Socure Launches Tool and Financial Consortium to Fight First-Party Fraud
Socure Launches Tool and Financial Consortium to Fight First-Party Fraud
October 23, 2023  |  Security & Fraud

Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent...

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Monzo Picks Cash App Vet Conor Walsh for US CEO
Monzo Picks Cash App Vet Conor Walsh for US CEO
October 04, 2023  |  Personnel

British digital bank Monzo has named Conor Walsh to head its U.S. operations. Walsh, a veteran of Cash App, was named the bank’s U.S. CEO on Wednesday (Oct. 4), according...

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