Virtual Banking
UK’s Starling Bank Blocks All Transactions to and From Crypto Platforms
London-based Starling Bank recently announced in a text to its users that it has decided to block all incoming and outgoing transactions to crypto exchanges and other crypto platforms. Starling Bank says that while the technology and thinking behind cryptocurrencies
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Italian Neobank HYPE Automates Customer Identity Verification With Onfido
Italian neobank HYPE has partnered with London-based identity verification and authentication provider Onfido to automate its customer onboarding process. Launched in 2015, HYPE provides 1.7 million customers with services such as P2P and bill payments, transfers, savings management, and other
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Challenger Bank SWISS4.0 Granted FINMA Fintech License
Financial services app SWISS4.0 has been granted a fintech license by the Swiss Financial Market Supervisory Authority (FINMA) to operate as a financial institution, effective 18 November 2022. SWISS4.0 said that it is the first Geneva-based fintech to receive the
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Exclusive Interview: Marc Evans, Klarpay COO on Virtual Banking
Even before the threat of the global pandemic, the seed of virtual banking started to sprout due to the technological race in recent decades. From the evolution of broadband internet infrastructure to 5G and satellite internet access, the internet has
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Klarpay Enables Digital Businesses to Transact in USD and GBP Globally
Business payments platform Klarpay has expanded its international payment capabilities with the launch of dedicated USD and GBP accounts. The addition, which enables companies to collect and disburse USD and GBP payments globally via their corporate Klarpay account, comes after
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neon Raises CHF 11 Million From Institutional and Crowdfunding Investors
Swiss neobank neon has closed last week a CHF 11 million financing round from existing investors and some 5,000 investors through its crowdfunding campaign. Investors in the crowdfunding campaign which ran from October 24 to 31 invested at an average
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radicant Launches Investment Products That Support Sustainable Development
Digital bank radicant has launched SDG Impact Solutions, a series of 11 financial products comprising three funds and eight actively managed certificates. These products enable clients to invest in broadly diversified funds representing the UN’s 17 Sustainable Development Goals (SDGs)
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neon’s Crowdfunding Campaign Reaches CHF 5 Million on Its First Day
Swiss neobank neon’s crowdfunding campaign reached CHF 5 million of its CHF 10 million target with more than 2,000 investors participating on the first day of the campaign. The campaign, which runs from October 25 to 31, is offering two
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Swiss Universal Banks Top Digital Performance Ranking Ahead of Neobanks and Challengers
Traditional banking institutions are performing better than digital challengers on their digital presence, engagement, social media and app usage, according to Colombus Consulting’s latest edition of the Digital Index and Performance of Swiss Players report. The study, which looks at
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Revolut, Wise and Neon Are the Cheapest Neobanks in Switzerland
Online comparison service moneyland.ch conducted a study to compare the cost of using banking, card and foreign exchange services provided by seven leading neobanks in Switzerland — CSX, Neon, Revolut, Wise, Yapeal, Yuh, and Zak. The study found British neobanks
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