Virtual Banking

Bunq Secures €100M in Growth Capital Despite Market Downturn

Bunq, the second largest neobank in the EU, secures an additional €44.5M in growth capital, bringing the total capital injected into bunq this year to nearly €100M. This fresh capital allows the mobile bank to further accelerate its international expansion

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Neon Starts With Investment App

The admission of Hypothekarbank Lenzburg as a new trading participant on the Swiss stock exchange BX Swiss enables the launch of “neon invest”, the new investment solution of the Virtual Banking app neon. The offering makes a significant contribution to

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AI Neobanks McKinsey Study: Long-Term Success of Virtual Banks Hinges on Ability to Leverage AI, Data Analytics

Neobanks are proliferating around the world on the back of strong trends including technological advancements, regulatory changes and evolving customer expectations. And yet, despite the favorable market conditions, many are still struggling to turn a profit. For neobanks to be

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The Cheapest and Best Swiss Neobanks for Summer Travel

Online comparison service moneyland.ch compared offers from neobanks ahead of the summer travel season. Neon and Revolut got the best marks for using cards outside of Switzerland. Yuh takes first place in the comparison of accounts and interest rates. The

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N26 Launches Local IBAN Accounts in France

N26 announced the launch of its French IBAN bank accounts. Aimed at combating IBAN discrimination, the French IBAN gives French consumers another reason to leverage N26 as their primary bank account. Starting today, all new N26 customers in France will

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Europe’s Neo-Banks Remain an Untapped Channel for Insurance Distribution

A multitude of ‘neo-banks’ have been formed in recent years, offering a range of banking services through digital channels and especially mobile banking apps. Despite the rapid proliferation and growth of these organisations, however, Finaccord’s research into European bancassurance has

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New Challenger Bank Alpian Recognized as a Trailblazer in Digitalization Efforts, Customer Experience

Alpian, a digital private bank launched last year, has been named as one of Switzerland’s trailblazers in digital customer experiences and digitalization efforts, joining the ranks of digital innovators and pioneers in the Swiss retail banking industry such as Vontobel,

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Amnis Treasury Takes Over SME Business of Fx-Consulting AG

AMNIS Treasury, a FinTech company founded in 2014 with the objective of simplifying international banking for SMEs, has recently acquired the SME portfolio of FX-Consulting AG. With this strategic move, the two Zurich-based companies aim to enhance their support for

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UBS Banking App Sees Significant Growth a Year After Its Launch

UBS has reported that its digital banking offering ‘UBS key4’ has witnessed rapid growth, active usage and continued development of its product line in the past year since its launch. The UBS key4 provides private clients with a comprehensive digital

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Revolut Rolls Out ETF Trading for European Users

Revolut, a global neobank with more than 29 million customers worldwide, announced that it has introduced ETF trading for its European customers. The neobank’s customers across the European Economic Area (EEA) will have access to more than 100 ETFs with

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