Virtual Banking

Credit Suisse’s CSX Named Best-Known Swiss Digital Banking Brand

Credit Suisse’s digital bank offering CSX has been named the best-known Swiss brand for digital banking in Switzerland a year after launching. According to independent market research, nearly half of the Swiss population is familiar with the CSX brand name,

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MoneyLion Acquires MALKA Media to Accelerate Customer Growth

US-based neobank MoneyLion announced that it has acquired MALKA Media Group, a rapidly growing creator network and content platform. The acquisition builds on a four-year partnership between both entities. MALKA’s content engine as well as MoneyLion’s personalization technology and financial

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FINMA Extends YAPEAL’s License to Now Include Cross Border Services

Swiss digital challenger bank YAPEAL announced that the Swiss Financial Market Supervisory Authority (FINMA) has granted it a license extension to offer cross border services to international customers. The services include national payments, international transfers, a VISA debit card for

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Brazilian Challenger Bank Nubank Makes Push for IPO

Brazilian challenger bank Nubank has filed for its initial public offering (IPO) and is expected to go public in the U.S. by early 2022, according to Forbes. Nubank had filed both with the Securities and Exchange Commission (SEC) in the

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Swiss Residents Show Reluctance to Neobanks, Non-Traditional Banking Providers

Despite being ranked this year’s most-innovative economy and boasting a dynamic fintech ecosystem, Switzerland’s residents are still reluctant to joining neobanks and non-traditional banking providers, indicating that digital challengers still have a long way to go before dethroning incumbent banks.

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Newly Minted Unicorn Zopa Raises £220 Million Led by Softbank Ahead of IPO

Zopa, London-based peer-to-peer lender and digital bank, announced its latest fundraise of £220 million led by Softbank Vision Fund 2 ahead of plans for an initial public offering (IPO) by late 2022 in London. CNBC reports that Zopa is now

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Neobank N26 Secures US$900 Million Series E, Now Valued at US$9 Billion

German neobank N26 announced a record-breaking US$900+ million Series E funding round which increases the company’s valuation to more than US$9 billion. The round was led by renowned New York-based tech investors Third Point Ventures and Coatue Management, and joined

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Revolut Bank Continues Rollout Across Europe; Launches in Austria

UK digital banking unicorn Revolut has started operating as a bank in Austria, marking the 13th country in which it is launching as a licensed specialized bank. Revolut Bank secured a specialized banking license from the Bank of Lithuania in

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Digital Asset Manager CoinShares Snaps up 9% Stake in FlowBank for US$11.8 Million

London-based digital asset manager CoinShares has acquired a 9.02% stake in Swiss online bank FlowBank for US$11.85 million. With this move, FlowBank’s clients can invest in CoinShares’ crypto ETPs. From next year onwards, customers will be able to directly buy,

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YAPEAL lanciert das erste digitale Firmenkunden Konto in der Schweiz

YAPEAL bietet neu vollumfänglich digitalisierte Dienstleistungen für Firmenkunden in der Schweiz an. Das Schweizer Firmenkundengeschäft der Banken ist in vielen Bereichen weit davon entfernt, die digitalen Möglichkeiten, welche den Unternehmen einen Mehrwert bieten würden, zu nutzen und den Kunden anzubieten.

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