Tag: Digital bank
Singaporean deal activity halved in Q2 amid market uncertainty
Key Singaporean FinTech investment stats in Q2 2024: FinTech deal activity in Singapore dropped by 50% in Q2 compared to the previous quarter as...
Monzo revolutionizes retirement planning with new all-in-one pension product
Monzo, the leading digital bank in the UK, has introduced a groundbreaking pension product aimed at simplifying the retirement savings process.
Turkish FinTech Colendi secures $65m funding round led by Citi Ventures
Turkish FinTech startup, Colendi, has successfully raised $65m in fresh funding.
Combined Singaporean banking app downloads increase 37% in 2023 YoY
Singaporean banking apps have seen a continued increase in downloads with 3.6m downloads in 2023, a 37% increase from 2022. Incumbents recorded the majority...
Monzo’s expansion journey: Eyeing a $50m boost from Singapore’s GIC
In a significant development within the FinTech sector, the digital bank Monzo is reportedly on the verge of enhancing its financial and global stature through a strategic stake sale.
MAS promotes AI in finance as FinTech investment in Singapore continues...
Key Singaporen FinTech investment stats in Q3 2023
• Singapore’s FinTech deal activity reached 25 transactions in Q3 2023, a 59% drop YoY
• FinTech capital...
Finnish FinTech Saldo ventures into banking with high-interest savings account
Finnish FinTech company Saldo, a provider of loans to consumers and SMEs, is now poised to enter the banking services arena in Finland.
Lunar removes deposit limits and introduce monthly returns
Denmark's 100% digital bank, Lunar, has decided to offer positive interest rates on all types of accounts without any demands for tying up the funds.
Varo Bank names Wook Chung as CPO
Varo Bank, the first all-digital, nationally chartered consumer digital bank in the US, has named Wook Chung as its chief product officer.
UAE-based digital bank YAP collects funding ahead of expansion into Saudi...
UAE-based digital bank YAP has reportedly collected $41m in fresh funding, with plans to expand into Saudi Arabia.