The Future Of Banking

🚨 𝗡𝗲𝘄𝘀 𝗙𝗹𝗮𝘀𝗵: Starling Bank founder Anne Boden has quit the board of the challenger bank to pursue a new AI venture. Boden unexpectedly stepped down from her CEO role in May last year, citing a potential conflict of interest connected to her 4.9% stake in the bank that she founded in 2014. More info: https://lnkd.in/eVePN_2h

Marcel’s Weekly Digital Banking Newsletter | 2024 #29 Weekly Digital Banking news up to Monday, 15th of July 2024. HEADLINES/Featuring: Monzo Bank, Starling Bank, Revolut, Solaris SE, J.P. Morgan, HSBC, Griffin, N26, Cross River, MassPay, MoneyLion, TymeBank And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

Finance App Downloads UK 🇬🇧 & Europe 🇪🇺 2023

Monzo Bank 🆚 Starling Bank 🆚 Revolut £3.2bn of Revenue and £700m of Profit Combined: Source: Seb Johnson

Marcel’s Weekly Digital Banking Newsletter | 2024 #28 Weekly Digital Banking news up to Monday, 8th of July 2024. HEADLINES/Featuring: Monzo Bank, Plumery, Fimple, Wise, Revolut, J.P. Morgan, Ant International, Finom, Nubank, Mambu, ING, Vivid Money And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

UAE central bank issues open finance regulation. Central Bank of The UAE (CBUAE) has issued the Open Finance Regulation to ensure the soundness and efficiency of open finance services, encourage innovation, enhance competitiveness, achieve consumers’ interests and reinforce the UAE’s status as a leading financial technology hub. According to the regulation, which is part of the CBUAE’s Financial Infrastructure Transformation programme, the participation in the open finance framework is mandatory, by all financial institutions, which are subject to the supervision of the CBUAE, with respect to the products and services within their scope. The licensed financial institutions (LFIs) as data holders and service owners are required to provide participants in the Open Finance Framework with access to customer data and the ability to initiate transactions on accounts and products, in all cases subject to the express consent of usersto provide services in line with their needs. Source: https://lnkd.in/eHps4ZQM #banking #openfinance #bankingindustry #bankingtechnology #digitalbanking #fintech #financialtechnology #financialservices

Monzo Bank introduces trio of new fraud controls. Monzo has introduced a trio of security controls to help customers diminish the prospect of fraudulent payments out of their accounts from phone theft, shoulder surfing or impersonation scams. The controls, which are called Known Locations, Trusted Contacts and Secret QR codes, are opt-in for customers and will be rolled out over the coming weeks. Customers need to have at least two of these controls set up and can choose the limits at which each control is activated when making bank transfers or instant access savings withdrawals from pots. For Known Locations, customers choose places like home or work that they need to be in when making bank transfers or savings withdrawals over their chosen limit. If they are outside of their chosen known location, the transfer will not complete. Customers can also invite a trusted friend or family member who uses Monzo to help check whether a transaction over their chosen limit looks safe or is suspicious before they make the transfer or savings withdrawal. Source: https://lnkd.in/eyADznTz #banking #bankingindustry #bankingtechnology #bankingtech #payments #digitalpayments #fintech #financialtechnology #financialservices 

🚨Revolut 2023 Annual Report is out. 2023 Highlights: 🔹 Record Revenue: $2.2 billion – a 95% increase from 2022 🔹 Record Profit: $545 million pre-tax – with a net profit margin of $428 million, up 19% 🔹 Record Growth: 12 million new customers – reaching a total of 38 million in 2023, now at 45 million 🔹 Deposits Surge: Up 38% to $22 billion 🔹 Continued Expansion: Launched in Brazil and New Zealand – now available in 38 countries 🔹 Product Innovation: Introduced IBANs for Ireland, Netherlands, France, and Spain; rolled out personal loans, credit cards, savings products, and Revolut Ultra, among many other offerings. Complete report: https://lnkd.in/e7uZAY4G

Marcel’s Weekly Digital Banking Newsletter | 2024 #27 Weekly Digital Banking news up to Monday, 1st of July 2024. HEADLINES/Featuring: Chime, Starling Bank, Monzo Bank, Qonto, Wise, Revolut, Virgin Money, HSBC, Barclays, Mambu, Atom bank, Bank of America, Nubank, GXBank, And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

Airwallex, a leading global payments and financial platform for modern businesses, announced an integration with Intuit QuickBooks, the leading financial technology software platform among businesses of all sizes. With the QuickBooks Bank Feed integration, Airwallex customers can connect with the popular accounting software and seamlessly sync their Airwallex transactions across supported currencies into their QuickBooks Online account eliminating tedious data entry and speeding up the reconciliation process. “As businesses scale globally, everything gets more complex including accounting. Airwallex’s Bank Feed integration with QuickBooks means our customers can skip time-consuming, error-prone manual data entry for a faster, more holistic and more accurate view of their books across markets and currencies,” said Ravi Adusumilli, Executive General Manager, Americas, Airwallex. “Ultimately, QuickBooks’ accessibility coupled with our global financial infrastructure and software will enable stronger financial decision-making throughout the reporting process.” Source: https://lnkd.in/efkX4mmF #banking #bankingindustry #bankingtechnology #bankingtech #bankingapp #fintech #financialtechnology #financialservices