neobank

A neobank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal computer platforms only. Neobanks do not operate traditional physical branch networks.

(source: en.wikipedia.org)

JPMorgan Buys $800M Stake in Viva Wallet
JPMorgan Buys $800M Stake in Viva Wallet
December 18, 2022  |  Point of Sale

J.P. Morgan Payments will acquire a 48.5% stake in Greek payments firm Viva Wallet. The $800 million deal is expected to be announced early next...

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Neobank Monzo Will Be Profitable in 2023, CEO Says 
Neobank Monzo Will Be Profitable in 2023, CEO Says 
December 01, 2022  |  Digital Banking

British neobank Monzo will soon become profitable, CEO TS Anil said.  Speaking at a Financial Times (FT) event, Anil said, “We will be profitable in...

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Atom Bank Raises $36M, No Mention of IPO
Atom Bank Raises $36M, No Mention of IPO
November 28, 2022  |  Investments

U.K. neobank Atom Bank announced on Friday (Nov. 25) that it has raised 30 million pounds ($36 million), and will use the capital to fund...

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Secured Credit Cards Help FinTechs and Consumers Weather Macro Storms
Secured Credit Cards Help FinTechs and Consumers Weather Macro Storms
November 16, 2022  |  Fintech Investments

For neobanks, the debit card is no longer going to be enough — not to brave the storm clouds gathering at this moment, and which...

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Neobank Varo Begins Offering Zelle Access
Neobank Varo Begins Offering Zelle Access
November 15, 2022  |  Digital-First Banking

Varo will offer the peer-to-peer payment network Zelle as part of its mobile app, the digital bank announced Tuesday (Nov. 15). With this launch, Varo says it has...

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User Experience Must Improve for Crypto to Gain Cross-Border Payments Use
User Experience Must Improve for Crypto to Gain Cross-Border Payments Use
November 09, 2022  |  Cryptocurrency

Whether you’re talking about remittances sent home by migrant workers or other larger sums moving from one country to another, cross-border payments are the part...

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Web3 Firm Reltime Launches Embedded Finance Platform
Web3 Firm Reltime Launches Embedded Finance Platform
November 07, 2022  |  B2B Payments

Web3 financial ecosystem Reltime has launched an embedded finance platform that enables companies to offer their customers fully compliant, real-time financial services.  The new FastTrack...

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Neobank N26 Anticipates Breaking Even in Face of Losses
Neobank N26 Anticipates Breaking Even in Face of Losses
October 11, 2022  |  Digital Banking

German neobank N26 said it has enough cash until it breaks even, although its finance chief is not ready to say when that will happen....

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FinTech Partnerships Pave Path for Branchless Banking
FinTech Partnerships Pave Path for Branchless Banking
October 06, 2022  |  Digital Banking

The successful digital bank offers more than banking cloaked in an online wrapper. Treasury Prime Vice President of Banking Jeff Nowicki, Emprise Bank Senior VP...

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