Monzo Tops 13 Million Customers on the Back of Record Growth, Word‑of‑Mouth Referrals and a Surge in Business Customers
- 1 week 6 days ago
- Banking
Leading digital bank Monzo today announces that it has surpassed 13 million customers, as it progresses at pace with its ambition to build the one app customers turn to to manage their entire financial lives.
Axal Partners With MoonPay To Launch Virtual Bank Accounts With Onchain Yield Through Axal Yield
- 2 weeks 13 hours ago
- Banking
Axal, the fintech startup backed by a16z CSX and CMT Digital, has teamed up with MoonPay to launch Axal Yield, a groundbreaking savings tool that enables users worldwide to earn onchain yield effortlessly. Powered by decentralized finance (DeFi) lending and integrated with MoonPay’s new Virtual Accounts, Axal Yield combines passive income generation with full user control.
Small Businesses Could Unlock Hundreds in Extra Savings Interest With Smarter Account Choices
- 2 weeks 17 hours ago
- Banking
Small businesses could boost their savings by up to £190 a year by being more aware of how interest rates are structured on business savings accounts, according to new analysis by Moneybox using data from Moneyfacts. The findings highlight a significant opportunity for small businesses to improve their cash flow by making simple, informed decisions about where to hold their funds.
Paymentology Launches PayoCard to Expand Mobile-First Access to Card Services Across South Africa
- 2 weeks 17 hours ago
- Mobile Banking
Paymentology, the leading global issuer-processor, has launched a new mobile-first card management platform, PayoCard, to help digital banks and fintechs in South Africa extend fast, secure, and intuitive card services to their customers. This is the first digital card platform provided by a processor in the region.
Libyan Islamic Bank Modernizes Consumer Banking Services With Backbase
- 2 weeks 4 days ago
- Banking
Backbase, the global leader in AI-powered banking technology, today announced the recent successful platform launch of Libyan Islamic Bank (LIB), one of the country’s fastest-growing financial institutions. This achievement represents Backbase's first platform launch in Libya, underscoring its commitment to expanding state-of-the-art, customer-centric banking across North Africa.
Ecommpay Delivers Groundbreaking Open Banking Solution for The Money Platform
- 2 weeks 5 days ago
- Banking
Ecommpay’s enhanced open banking solution is helping trading brand, The Money Platform (TMP), deliver timely and accurate payments.
ClearBank Appoints David Samper As Group Chief Financial Officer
- 2 weeks 5 days ago
- Banking
ClearBank, the enabler of real-time clearing and embedded banking, today announced the appointment of David Samper as Group Chief Financial Officer. Samper will lead the organisation through its European expansion, as well as its next phase of international growth. He succeeds Mark Fairless, who was appointed as Group Chief Executive Officer in March, having previously served as Group CFO since 2023.
Egypt’s MIDBANK Completes Core Banking Modernization With Temenos
- 2 weeks 5 days ago
- Core Banking
Temenos , a global leader in banking technology, today announced that MIDBANK has successfully gone live with Temenos, completing a full replacement of its legacy systems with Temenos’ core banking suite. This strategic transformation is part of MIDBANK’s broader initiative to modernize its operations and deliver next-generation banking services to customers across Egypt
U.S Bank Marks 25 Years in Europe With Spotlight on Irish Origins, Innovation and Community Leadership
- 2 weeks 5 days ago
- Banking
U.S. Bank, the fifth-largest commercial bank in the United States, is celebrating 25 years of operations in Europe, a journey that began in Arklow, Ireland and laid the foundations for one of Europe’s leading payment providers, Elavon.
Zimperium Uncovers DoubleTrouble Banking Trojan Delivered Via Discord, Escalating Mobile Data Theft
- 2 weeks 6 days ago
- Banking
Zimperium, the world leader in mobile security, today announced new findings from its zLabs team on an evolving mobile banking trojan dubbed DoubleTrouble. The malware, which disguises itself using random two-word method names, has rapidly grown in sophistication—adding screen recording, advanced keylogging, and new UI overlay capabilities designed to steal credentials and manipulate infected devices.
AFS And Oman Arab Bank Unveil Pioneering Digital Payments Platform
- 2 weeks 6 days ago
- Banking
Arab Financial Services (AFS), the Middle East and Africa’s premier digital payment solutions provider and fintech enabler, today announced a significant expansion of its enduring strategic partnership with Oman Arab Bank (OAB). This expansion reaffirms a shared commitment to pioneering innovation, setting an elevated benchmark for digital banking experiences across Oman.
Tide Now Supports Over 1.5 Million Small Businesses Globally
- 3 weeks 13 hours ago
- Banking
Tide, the UK’s leading business management platform, today announces it has surpassed 1.5 million members globally. Tide has added over 500,000 members since September 2024, with the UK now at 750,000 and India at more than 750,000. Tide’s share of the UK market has grown to 13%.
Mambu Unveils Upgraded Islamic Banking Capabilities to Power the Next Generation of Shari’ah-Based Finance
- 3 weeks 13 hours ago
- Banking
Mambu, the composable core banking and payments platform, today announced the launch of its enhanced Islamic banking capabilities, designed to empower financial institutions to build, deploy, and scale Shari’ah-compliant products with speed, transparency, and confidence.
Revolut Welcomes 16–17 Year Olds to Its Main App in Financial Independence Push for Older Teens
- 3 weeks 13 hours ago
- Banking
Revolut, the global fintech with more than 11 million UK customers, has extended access to its retail account for 16-17 year olds, giving them increased financial independence during some of their most formative years.
British Business Bank Reaches £2.5Bn Lending Milestone for Its Growth Guarantee Scheme
- 3 weeks 1 day ago
- Banking
The British Business Bank has reached the landmark milestone of £2.5bn of lending under its Growth Guarantee Scheme, with 69% of lending delivered to businesses outside London and the South East. Over £200m of lending has been provided in each of the North West, West Midlands, East of England and Yorkshire & The Humber regions.
