Digital Banking
Digital banking is reshaping how individuals and businesses interact with financial services. From mobile-first platforms to virtual account innovation, Fintech Review analyses digital banking trends, technological shifts, customer experience strategies, and the competitive evolution of banking models.
-
N26 Co-CEO Valentin Stalf to Join Supervisory Board in 2025
N26 co-founder and Co-CEO, Valentin Stalf, has announced a significant role change. He intends to step down from his executive role in 2025 and join the N26 SE Supervisory Board. This move marks a notable milestone, following nearly 12 years of leadership. This shift signifies a fresh chapter for both Stalf and N26. Stalf, as…
-
ABA Chair Calls for Modernisation of Deposit Insurance System
Significant evolution has occurred in the modern banking landscape. Kenneth Kelly, Chair Elect of the American Bankers Association (ABA), believes it’s time for the deposit insurance system to adapt. He expressed this to senators, emphasizing that despite its efficient service, the system needs a comprehensive review due to recent changes. While the current system has…
-
Snappi Becomes Greece’s First ECB Licensed Digital Bank
In a significant stride towards financial digitalisation, Snappi has emerged as the first digital-only bank in Greece, licensed by the European Central Bank (ECB). This development, recently confirmed by the company, signals a major shift in the Greek banking sector as it steps into the digital-only platform arena. Headquartered in Ioannina, Snappi prioritizes app-based banking.…
-
Nubank Introduces Gigabyte Reserve and Flexible Payments
Nubank (NYSE: NU), a leading digital bank, recently unveiled exciting updates to its mobile service, NuCel. The bank is rolling out a new Gigabyte (GB) Reserve feature, offering customers peace of mind and extra perks. Additionally, NuCel payments have become more flexible. The GB Reserve feature is Nubank’s latest innovation. It lets customers store unused…
-
Baseella Review: Reinventing Core Banking for the Cloud
For decades, banks and payment providers relied on rigid legacy systems that were difficult to integrate, expensive to maintain, and slow to adapt
-
Bank Nizwa Launches E-mandate Service in Digital Push
Bank Nizwa, the largest Islamic lender in Oman, introduced an electronic mandate (E-mandate) service on Sunday. The service aligns with the Central Bank of Oman’s regulatory framework. It also signifies the bank’s ongoing expansion of digital banking solutions. Specifically designed for direct debit payments, the E-mandate service allows Bank Nizwa customers to authorize automatic payment…
-
Dutch Bank bunq Faces €2.6M Fine Over AML Failures
The Dutch Central Bank has imposed a hefty €2.6 million fine on European digital bank bunq. This penalty stems from significant shortcomings in bunq’s anti-money laundering (AML) and counter-terrorism financing (CTF) measures. This fine underscores the increasing regulatory scrutiny faced by challenger banks. The recent announcement of the fine puts fintech firms under pressure to…
-
North One Review: A Business Banking App Built for Founders
With features tailored for the real-world needs of entrepreneurs, it’s more than just a business checking account
-
N26 Co-founder Valentin Stalf Steps Down as CEO
Valentin Stalf, co-founder of the European digital bank N26, has reportedly stepped down as CEO. This move coincides with rumors of a substantial executive reshuffling within the bank. Since its inception in 2013, N26 has rapidly risen to prominence, operating across Europe and employing over 1500 people. Stalf’s exit from the CEO role is a…
-
Investors Seek to Oust N26 Founders Amid Regulatory Pressure
Investors are reportedly making a significant move against Germany’s digital bank, N26. They are seeking to unseat the company’s founders from their roles as co-chief executives. This development comes amidst renewed criticism from the German financial regulator, BaFin. It appears that the pressure is mounting for the fintech to address its shortcomings. The investors’ push…
-
Citigroup Explores Stablecoin Custody and Payments
Citigroup (NYSE: C) is taking a bold step to lead the cryptocurrency revolution. It’s focusing on stablecoin custody and payment services, a move prompted by recent changes in U.S. legislation that favor cryptocurrency acceptance. Citigroup’s foray into stablecoin custody aims to offer a secure storage solution for customers’ digital assets. Stablecoins, cryptocurrencies with minimized price…
-
Citi Institute Examines Social Media’s Role in Finance
The Citi Institute, a division of Citigroup, recently released a report. This report explores how social media platform X is revolutionizing the financial services industry. Titled “Citi Institute Executive Report: The Impact of X on the Future of Finance”, it delves into the evolving digital economy and platform X’s role therein. Recognizing social media’s growing…
-
Citigroup Report Explores Social Media’s Role in Finance
Within the swiftly evolving digital landscape, Citigroup‘s recent report, Citi Institute Executive Report: The Impact of X on the Future of Finance, delivers a thorough analysis of social media platform X’s transformative effect on the financial services industry. The Citi Institute’s comprehensive study offers key insights into the shifting dynamics of the digital economy. Notably,…
-
Thailand to Boost Tourism with Cryptocurrency Conversion
Thailand is launching a groundbreaking programme, “TouristDigiPay”, on Monday. It will enable foreign visitors to convert their cryptocurrency into Thai baht for payments. This initiative is part of the government’s efforts to rejuvenate the country’s tourism industry, which has recently seen a slump, especially in Chinese visitors. The Deputy Prime Minister will lead a press…
-
Iwoca and Teya Join Forces to Support European SMEs
iwoca, a European SME lender, has now strategically partnered with Teya, a platform for SME’s financial services. This partnership aims to offer loans to thousands of business owners, providing essential financial support. Indeed, this comes at a time when small businesses across Europe are dealing with the economic impact of the Covid-19 pandemic. Integrating iwoca…
-
OYAK ANKER Bank Completes Migration to Mambu Platform
Mambu, a prominent cloud banking platform, recently achieved a significant milestone. OYAK ANKER Bank GmbH has successfully modernised and migrated its core banking systems to the Mambu platform. This digital shift signifies a landmark moment for the German banking sector. With Innovance’s coordination, this evolution led to the total replacement of the bank’s old systems.…
-
KAIO and Hedera Team Up for Blockchain Asset Tokenisation
The fintech sector is witnessing a significant trend – tokenisation of real-world assets. Leading this movement is KAIO, a company committed to moving institutional funds onto the blockchain. They recently revealed a collaboration with Hedera to strengthen their proposition. KAIO’s strategic partnership with Hedera will help them introduce several unique funds into the blockchain sphere.…
-
Affirm Expands Google Pay Collaboration for Growth Boost
Payment network Affirm (NASDAQ: AFRM) recently announced its decision to expand its collaboration with Google Pay. The aim is to empower consumers and assist merchants in driving growth. As a result, Affirm’s flexible payment options will now be accessible “via autofill on Chrome.” This development is a game-changer in the Buy Now Pay Later (BNPL)…
-
Airwallex Secures MiFID Licence to Launch Yield in Europe
Airwallex, a global financial platform, has successfully secured its Markets in Financial Instruments Directive (MiFID) licence from the Dutch Authority for the Financial Markets (AFM). As a result, the company is gearing up to launch Airwallex Yield. This new product aims to help European businesses generate returns on idle finances. This significant milestone for Airwallex…
-
Aditxt Partners with Crypto.com for Digital Asset Custody
Aditxt, Inc (Nasdaq: ADTX), a pioneer in the health sector, has recently forayed into the digital assets space. They have inked a custody agreement with Crypto.com, a leading digital asset platform. This move is in line with Aditxt’s aim to set up a custodial crypto account. The fintech world is abuzz with this development, marking…
