Virtual Banking

BLKB Starts Digital Bank Project “Radicant”

Swiss cantonal bank Basellandschaftliche Kantonalbank (BLKB) in partnership with with Dr. Anders Bally, the founder of venture firm Bally Capital Partners, announced that they have launched Radicant, a Zurich-based digital financial services provider that operates throughout Switzerland. BLKB said in

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Neobank, Challenger Bank Maps Showcase Boom in Digital Banking

Since 2010, more than 310 neobanks have launched around the world, attracting an estimated 39 million users globally. Out of the 300+ ventures to have ever launched, 256 were live as of late-2020 with nearly half (111) located in Europe,

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Alpian Secures USD 18 Million Series B Funding

The digital financial services company Alpian, incubated by the Swiss banking group REYL, today announced a successful Series B funding worth around USD18 million (CHF16.9 million). The fundraising follows the Series A round in 2020 in which CHF12.2 million was

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33% of European Fintechs Face Regulatory Intervention Due to Partner Banks

ClearBank, UK’s cloud-based clearing bank, has released a report that revealed 33% of European fintechs have faced regulatory intervention due to agency banking resiliency failures. Agency banking is when a fintech offers its customers a service that is provided and

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Kontist: 25 Millionen Euro für Expansion von Echtzeit-Steuerservice für Selbständige

Kontist, Deutschlands erste Neo-Bank mit Fokus auf Freelancern und Selbstständigen, gibt eine weitere Finanzierungsrunde bekannt. Im Rahmen einer Series-B-Runde erhält Kontist von seinen Investoren insgesamt 25 Millionen Euro, mit denen der neue Geschäftsbereich Steuerservice weiter ausgebaut werden soll. Angeführt wird

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Neobanks Come for Kids and Teens

Neobanks and digital banks have set new standards in customer experience and expectations, pushing incumbents to get out of their comfort zone and innovate. After accumulating an estimated 39 million users worldwide, neobanks are now coming after the next generation,

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UK Digital Bank Starling Raises £272 Million Funding, Secures Valuation of £1.1 Billion

UK digital bank Starling announced a £272 million (US$ 376 million) Series D funding round led by Fidelity Management & Research Company. The new investment values the company at £1.1 billion (US$ 1.5 billion) pre-money. The funding will be deployed

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Israel Expat Neobank Rewire Raises $20 Million in Series B Funding Round

Rewire, a Tel Aviv-based neobank for migrants, announced a Series B funding round of $20 million led by global crowdfunding platform OurCrowd and also included a line of credit from an unnamed bank. Rewire said that the current round of

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Klarna Launches Its First in-App Banking Services in Germany

Klarna, a Swedish global payment and shopping service, announced that it is launching consumer bank accounts in Germany. Klarna said that the launch marks a first for the company and will allow customers to easily track, categorise and analyse all

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Over Half of US Consumers Would Consider Switching to Digital-Only Banks

A new survey conducted by Juniper Research has found that more than 50% of US consumers wanting to change banks would consider a digital-only bank, with the same finding reflected in a similar UK survey. However, the findings showed that

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