Virtual Banking
Top 12 Global Neobanking Influencers in 2021
From retail and telecommunications to construction and transport, numerous sectors are currently experiencing disruption and digital transformation. This trend has been further accelerated by the global pandemic that forced people to adopt digital services in all spheres of life. In
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Report: 53% of Global Population Set To Embrace Digital Banking By 2026
With the pandemic accelerating digital adoption across the globe, the popularity of digital banking has soared through the roof. Around 35% of customers adopted online banking, with 30% specifically increasing their use of mobile banking, since COVID-19 struck last year. According
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Latin America Sees Booming Digital Banking Sector with Brazil at the Lead
Over the last few years, digital banking in Latin America (Latam) has experienced extraordinary growth on the back of changing customer needs, expanding technological penetration and rapidly evolving regulatory standards. Since 2017, the number of digital banks has more than
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Pollen Street Capital Snaps Up 10% Stakes in Dutch Neobank Bunq for €193 Million
British private equity firm Pollen Street Capital has acquired 10% stakes in Dutch challenger bank Bunq for €193 million, raising its valuation to €1.6 billion. The investment round is pending regulatory approval by De Nederlandsche Bank. With this capital injection,
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JPMorgan Chase Set to Snap up 40% Stake in Brazilian Digital Bank C6
JPMorgan Chase has entered into an agreement for a 40% ownership stake in Brazilian digital bank C6 Bank for an undisclosed sum. Launched in 2019, C6 Bank has reportedly amassed more than 7 million customers on its digital platform. C6
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YAPEAL Integrates Wise Platform to Bring Cheaper, Faster Remittance Services
YAPEAL, developer of a blockchain-inspired digital-to-the-core and cloud-native banking platform for the Swiss retail banking market, has integrated the Wise platform to bring cheaper, faster international payments to its customers. The firm’s customers will now be able to access Wise’s
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JPMorgan Chase to Acquire Robo-Advisor Nutmeg Ahead of U.K. Digibank Launch
JPMorgan Chase announced it has entered into an agreement to acquire U.K.’s digital wealth manager Nutmeg Saving and Investment Limited, subject to regulatory approval. The acquisition will complement the digital bank that is planned for launch in the U.K. later
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Mexican Fintech Credijusto Acquires Banco Finterra for Under US$50 Million
Credijusto, a Mexican lending platform for small businesses, announced the acquisition of a local bank Banco Finterra which specialises in financing solutions for small businesses and the agriculture sector. According to Reuters, Credijusto acquired the regulated bank in a deal
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Nubank Bags US$ 750 Million in Two Series G Extensions, Now Valued at US$30 Billion
Brazilian challenger bank Nubank announced that it has raised a total of US$ 750 million during two extensions of its Series G funding round, raising the round to US$1.15 billion. During the first extension, the challenger bank secured US$500 million
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Digital Banking: Release a New Feature in the Swiss Market in Half the Time
The Swiss banking market is among the most traditional in Europe. With a number of native traditional, private banks and a few European challengers attempting to penetrate the market, it stands to say that the digital banking landscape is evolving
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