Latest Non-bank competitors News: Finextra Research

Dubai's digital bank Liv. celebrates first anniversary

Liv., the lifestyle digital bank by Emirates NBD for millennials has completed its first successful year of operations.

14 May 2018

FinTech Scotland recruits Deloitte for expansion plan

The body representing Scotland’s thriving financial technology community, Fintech Scotland, has today announced it has entered a key strategic partnership with business advisory firm Deloitte.

11 May 2018

Company update/Non-bank competitors

Tesco Bank brings digital onboarding to mobile app

Tesco Bank is making it simpler for customers to use its leading mobile banking app as it launches ‘native mobile registration’.

02 May 2018

News/Non-bank competitors

Challenger bank gives up licence to focus on IT platform

A UK challenger bank aimed at the SME business sector has opted to give up its banking licence in order to spend more time developing its IT infrastructure prior to its launch.

06 April 2018

News/Non-bank competitors

Walmart launches global money transfer service

Retailer Walmart is pushing further into the financial sector through a service that lets people transfer money from its US stores to 200 countries.

03 April 2018

News/Non-bank competitors

Savings chatbot Plum introduces ethical investment tool

British money management chatbot Plum has launched an investment tool that lets users choose where their money goes.

26 March 2018

News/Non-bank competitors

Fifth Third joins $50m funding round for student lending platform CommonBond

Online student loan specialist CommonBond has closed a $50 million Series D funding round led by the venture arm of American bank Fifth Third.

21 March 2018

News/Non-bank competitors

Bank of Amazon could woo 70 million US customers within five years

Bain and Co, estimates that a banking service from Amazon could swell to more than 70 million US customer accounts within five years, equalling the size of the country's third largest bank, Wells Fargo.

09 March 2018

News/Non-bank competitors

Amazon talks to banks over checking account - WSJ

Amazon has begun talking to banks, including JPMorgan Chase and Capital One, about developing a checking account-style product for its millions of customers, according to the Wall Street Journal.

05 March 2018

Company update/Non-bank competitors

M&S Bank moves into mortgages

M&S Bank has today (26 January 2018) launched its first mortgage range. In addition to a number of fixed and tracker options available to home movers and customers looking to remortgage, M&S Bank has also developed a first time buyer range to support those trying to get a first step on the property ladder.

26 January 2018

News/Non-bank competitors

SoFi names Twitter COO Noto CEO

Online lender SoFi has named Twitter COO Anthony Noto chief executive officer, filling a position vacated by co-founder Mike Cagney, who left last year amidst allegations of sexual harassment at the firm.

23 January 2018

News/Non-bank competitors

China regulator says fintech must serve real economy

One of China's senior financial regulators has stated that the government will only support fintechs that serve the real economy, casting further doubt on the future of virtual currencies and related technologies within China.

16 January 2018

News/Non-bank competitors

Europe begins Open Banking era in subdued style

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

15 January 2018

News/Non-bank competitors

FinTech Scotland appoints new CEO

The industry body set up to promote the fintech sector in Scotland has named Stephen Ingledew as its first chief executive.

12 January 2018

News/Non-bank competitors

Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdown

Warren Buffett, arguably the world's most successful and respected investor, has issued a scathing assessment of cryptocurrencies and predicted a "bad ending" for the current bitcoin boom.

11 January 2018

News/Non-bank competitors

SETL goes live with blockchain funds platform

SETL, a blockchain-based settlement system for the investment funds industry, has gone live with its pan-European funds record keeping platform IZNES having successfully processed its first transactions.

11 January 2018

Company update/Non-bank competitors

Travelex appoints chief innovation and transformation officer

Travelex, a leading global foreign exchange and money transfer specialist, announces that Gareth Williams, currently Global HR Director, is to take on the newly created role of Chief Innovation and Transformation Officer in addition to his current mandate.

11 January 2018

Company update/Non-bank competitors

YieldStreet closes $12.8m Series A round; scores $100m in revolving credit facility

YieldStreet, the alternative investment platform working to change the way wealth is created, today announced that it has closed a $113 million financing round.

10 January 2018

Company update/Non-bank competitors

Asian Financial Forum to showcase 20 startups

The InnoVenture Salon will debut at next week's Asian Financial Forum (AFF), to foster start-up development.

10 January 2018

Company update/Non-bank competitors

MoneyMe secures A$120m capital facility

Australian consumer lending fintech, MoneyMe, has finalised an AU$120 million asset-backed wholesale securitization facility led by $100 million from global investment manager, Fortress Investment Group, and joined with $20 million of bonds issued by corporate advisory, Evans & Partners.

27 November 2017