South Korean FinTech startup Viva Republica, creator of the financial services platform Toss, was granted preliminary approval for a digital banking license from the Financial Services Commission of Korea, a Monday (Dec. 16) press release indicated. “Toss has already become the leading financial super app...
Online bank N26 is now Germany’s highest-valued startup with a 3.5 billion valuation following a $170 million extension of Series D funding. The mobile bank now ranks among the most valuable European startups as well as being in the top ten most valuable FinTechs worldwide,...
Tencent’s WeBank, China’s first internet-only bank, is banking on artificial intelligence to improve customer service, reported CNBC. According to the report, citing Yang Qiang, an AI consultant at WeBank, the digital-only bank thinks that deploying virtual robots powered by facial and speech recognition and natural...
Goldman Sachs’ online retail bank Marcus is enjoying a strong debut internationally — the company says the rollout of Marcus in the U.K. has “exceeded every expectation.” According to a report in CNBC citing Des McDaid, a managing director at Goldman Sachs, Marcus has more than...
June 04, 2023
It is apparently a good time to be an online bank. As The Wall Street Journal reported Saturday (June 3), these banks took in more deposits than they lost so far this year while regional lenders like Truist, Citizens Financial and PacWest saw their deposit numbers fall. Meanwhile, banks including Capital One, Ally Financial and Goldman Sachs’ Marcus all reported quarterly increases in […]
December 16, 2019
South Korean FinTech startup Viva Republica, creator of the financial services platform Toss, was granted preliminary approval for a digital banking license from the Financial Services Commission of Korea, a...
July 18, 2019
Online bank N26 is now Germany’s highest-valued startup with a 3.5 billion valuation following a $170 million extension of Series D funding. The mobile bank now ranks among the most...
November 28, 2018
Tencent’s WeBank, China’s first internet-only bank, is banking on artificial intelligence to improve customer service, reported CNBC. According to the report, citing Yang Qiang, an AI consultant at WeBank, the...
