Challenger banks have raised hundreds of millions in venture capital to take on bank incumbents. But how are these startups doing at reaching, converting, and engaging millions of customers? Challenger... more
Revolut losses tripled in 2019 as the FinTech blamed rising staff costs more than offset revenue growth, however it argues that it is on track to break even this year... more
The post Revolut losses continue to grow – 3 times greater than 2019 appeared first on Payments Cards & Mobile.
The Monetary Authority of Singapore (MAS) is reported to be evaluating if it should allow FinTech companies to operate in the city under a virtual banking license. Banks in Singapore... more
The post Singapore exploring virtual banking licenses for FinTechs appeared first on Payments Cards & Mobile.
The journey from unbundling to rebundling and back has been a formidable one. Open Banking and emerging technologies and the pace of innovation are driving changes throughout the banking industry... more
Google has announced that it has been granted an e-money licence and authorised as a payment institution in the Republic of Ireland, paving the way for it to begin providing new... more