UK digital banking pioneer Monzo reported its financial results for the 2023-24 fiscal year today.
The numbers are impressive. Total revenue was £880 million for the year, more than 2x the £356 million from the previous year.
The credit bureaus are becoming fintech companies. In an industry first, Experian is now offering a digital checking account and debit...
Goldman's push into consumer finance continues to be a disaster. While CEO David Solomon had grand plans, the entire move has proven to be an unmitigated disaster.
In May of last year, Petal announced it had raised a new funding round and was spinning off its infrastructure unit, Prism Data.
But then we heard in November that Petal was struggling and looking for a buyer.
For some time Fnality has focused on the development of a wholesale payments system built on blockchain. Today, they closed a funding round to help launch.
We learned a couple of weeks back that the former head of Marcus, Swati Bhatia, had taken a job at Santander to lead U.S. consumer and business banking.
Yesterday, we learned more details about what this new job is going to entail.
UK digital banking pioneer Monzo reported its financial results for the 2023-24 fiscal year today.
The numbers are impressive. Total revenue was £880 million for the year, more than 2x the £356 million from the previous year.
The CFPB continues its attack on all kinds of junk fees charged by banks. This time they are targeting credit card late fees.
The Wall Street Journal is reporting that Apple has indeed decided to move on from Goldman in roughly 12 to 15 months. This will mean both the Apple Card and the savings account (that was rolled out just a few months ago) will need a new banking partn
We are entering the thick of fintech earnings season and in the last 24 hours, we have seen earnings from two fintech pioneers: PayPal and Adyen.
They tell very different stories.