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Revolut Expands Team Ahead of UK Banking Approval

Revolut Expands Team Ahead of UK Banking Approval

Hey Digital Banking Fanatic! Revolut is moving closer to becoming a fully licensed UK bank, with plans to complete its "mobilization phase" by July. Since securing its restricted banking license last summer, the company has grown its UK banking division from 35 to over 100 employees, aiming to

Monzo Officially Expands to Under 16 Accounts

Monzo Officially Expands to Under 16 Accounts

Hey Digital Banking Fanatic! This week marks an interesting moment for youth banking in Europe. Following Lunar’s launch of Lunar Youth in Scandinavia, Monzo has officially rolled out its first account for children aged 6 to 15 in the UK. Until now, Monzo only offered accounts for those over

Lunar Brings Bank Accounts to Children

Lunar Brings Bank Accounts to Children

Hey Digital Banking Fanatic! Lunar has introduced bank accounts for kids and teens, launching Lunar Youth across Denmark, Sweden, and Norway. The offering provides children aged 7 to 14 with full national bank accounts and customizable payment cards, placing Lunar in direct competition with FinTech platforms like Revolut, MyMonii, and

Finovifi Acquires MBS To Boost Boosts Core Banking Capabilities

Finovifi Acquires MBS To Boost Boosts Core Banking Capabilities

Hey Digital Banking Fanatic! Finovifi is expanding its footprint in community banking with the acquisition of Modern Banking Systems (MBS) and its Alabama-based distribution partner, MBSAL. The deal, announced without financial details, brings MBS’s real-time core banking software into Finovifi’s portfolio, which already includes AI-driven fraud prevention and

UniCredit Acquires Aion Bank & Vodeno to Fuel Expansion

UniCredit Acquires Aion Bank & Vodeno to Fuel Expansion

Hey Digital Banking Fanatic! The trend has not gone unnoticed; legacy banks are becoming increasingly digital. Now it’s UniCredit’s turn: UniCredit has completed the awaited €376 million acquisition of Aion Bank and Vodeno, a move announced back in July 2024. This deal is part of the bank’s

OakNorth Secures Top 1% Rank in ROA

OakNorth Secures Top 1% Rank in ROA

Hey Digital Banking Fanatic! OakNorth made an early impact, securing £154 million in funding and reaching unicorn status just 2 years after launch. A decade later, it continues to expand its role in the SME lending landscape. The company’s latest financial results report a pre-tax profit of £215 million,

Revolut’s Next Frontier: Singapore & Asia

Revolut’s Next Frontier: Singapore & Asia

Hey Digital Banking Fanatic! After recent developments in the European and the American continents, Revolut is now turning its attention to a third continent: Asia. In Singapore, the company is aiming for a banking license and exploring a partnership with Alipay to streamline transfers to China. Raymond Ng, CEO of