Tag: Digital bank

Turkish FinTech Colendi secures $65m funding round led by Citi Ventures

Turkish FinTech startup, Colendi, has successfully raised $65m in fresh funding.

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.

N26 closes largest financing of a European digital bank

German digital bank N26 has reached a $9bn valuation, following the close of a $900m investment round, which it claims to be the largest financing of a digital bank in Europe.

Polaris expands digital footprint with new online banking platform

Nigeran bank Polaris has boosted its digital presence with the launch of VULTe, its new digital bank.

FICO survey highlights evolving identity theft challenges in the online age

A survey by data analytics company FICO has found up to 4% of UK consumers believe their identity has been stolen online.

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2023 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week