Tagged: digital bank

October 4, 2026 @ 8:27 pm By Omar Faridi  |  

Anchorage Digital, the US digital asset bank that became the first crypto firm to secure a national trust charter from the Office of the Comptroller of the Currency (OCC) in 2021, has reduced its workforce by 17 percent. Chief executive Nathan McCauley informed staff of… Read More

October 1, 2026 @ 12:51 pm By JD Alois  |  

ZA Bank is one of the first approved digital banks in Hong Kong. This week, the company reported “sustained profitability.” According to a release, for the 6 months ending in June, the bank generated a net profit of HKD 70.6 million (~USD 9million), an increase… Read More

September 28, 2026 @ 2:37 pm By Omar Faridi  |  

Brazil’s digital banking platform Nubank (NYSE: NU) is said to currently be holding early conversations about a possible purchase of UK’s Monzo, a move that would give the Latin American digital lender a ready-made platform in the United Kingdom and a foothold for wider European… Read More

September 28, 2026 @ 8:46 am By Omar Faridi  |  

Revolut has secured a key regulatory milestone in Latin America after Argentina’s central bank approved its purchase of Banco Cetelem Argentina from BNP Paribas Personal Finance. The decision, announced by the London-based fintech on 24 September 2026, allows the company to complete a deal first… Read More

September 28, 2026 @ 12:14 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP) has set a minimum capital requirement of ₱1 billion (about $16 million) for thrift, rural and cooperative banks that shift to business models similar to digital banks, as the central bank moves to strengthen safeguards around digital transformation in… Read More

September 25, 2026 @ 9:03 am By Omar Faridi  |  

Digital bank Revolut has become entangled in another customer-data scare after a security incident at US brokerage partner DriveWealth. The event is separate from an earlier September episode at Revolut itself. This time, the exposure occurred on DriveWealth’s systems, not inside Revolut’s own infrastructure. DriveWealth… Read More

September 25, 2026 @ 12:12 am By Omar Faridi  |  

Revolut is taking what appears to be a distinctly conservative path on credit even as it builds out a full banking presence in more countries. Rather than following the traditional model of recycling large volumes of customer deposits into loans, the fintech intends to keep… Read More

September 19, 2026 @ 7:43 pm By Omar Faridi  |  

Revolut’s latest expansion push arrives alongside a difficult security episode that the company is still managing. The London-based digital bank said this week that Colombia’s financial supervisor had granted it an operating licence, completing the last regulatory hurdle before it can open as a locally… Read More

September 19, 2026 @ 10:34 am By Omar Faridi  |  

Revolut has stated that it has not received any direct ransom request from people claiming responsibility for a recent customer-data incident. The digital bank said it has had no contact from the group that later posted a public ultimatum online. The company first disclosed the… Read More

September 17, 2026 @ 11:36 am By JD Alois  |  

Nik Storonsky, CEO and co-founder of digital bank Revolut, was in France this week after receiving approval for a French banking license. Speaking with Les Echos, the country’s leading financial publication, Storonsky said Revolut may dual-list its shares on Nasdaq and the London Stock Exchange… Read More

September 15, 2026 @ 10:48 pm By Omar Faridi  |  

Latin America’s digital bank Nubank (NYSE:NU) has taken another step beyond its home markets. Nu, which already serves more than 140 million customers in Brazil, Mexico and Colombia, has entered a strategic alliance with Swiss digital asset bank Sygnum to support the launch of Nu… Read More

September 15, 2026 @ 7:49 am By Omar Faridi  |  

Nubank (NYSE:NU), which has become one of Latin America’s largest digital banks, has begun offering deposit accounts and a broader set of everyday banking products to customers in the United States. The company, which operates under the parent name Nu Holdings, said the U.S. rollout started… Read More

September 14, 2026 @ 2:28 pm By Omar Faridi  |  

Digital bank Revolut is facing a public extortion campaign after criminals began publishing identity files taken from a recent customer-data incident, just as the company presses ahead with plans to enter Israel. The firm has confirmed that an unauthorized party obtained sensitive records after submitting… Read More

September 13, 2026 @ 4:34 pm By Omar Faridi  |  

Revolut customers have been told that a subset of their most sensitive records was released after the company treated a fraudulent information demand as a genuine government inquiry. The episode became public on 11–12 September 2026 after affected users received notices and investigators circulated excerpts…. Read More

September 9, 2026 @ 3:10 pm By Omar Faridi  |  

Block Inc. (NYSE: XYZ) has taken a notable step toward deeper integration with the U.S. banking system by applying for a specialized federal charter. The payments and financial technology company, led by co-founder Jack Dorsey, disclosed on September 8, 2026, that it submitted a request… Read More

September 4, 2026 @ 9:04 am By Omar Faridi  |  

Revolut has taken a major step toward operating as a fully licensed bank in the United States. On September 3, 2026, the company said the Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for a national bank charter that would allow… Read More

September 1, 2026 @ 11:46 am By JD Alois  |  

Republic Europe has announced an opportunity to own shares in Mercury, a San Francisco-based neobank, through a secondary offering listed on its platform. Secondaries, or issued shares in private firms, have become an important revenue generator for securities crowdfunding platforms. Shares of more mature private… Read More

August 26, 2026 @ 2:14 pm By Omar Faridi  |  

Revolut is taking clear steps toward creating its own exchange-traded funds, marking an evolution in its investment services. Recent filings show that the company has registered an entity known as Revolut Strategies ICAV with Ireland’s central banking authority. The incorporation papers explicitly allow for the… Read More

August 26, 2026 @ 8:22 am By Omar Faridi  |  

Revolut has introduced EURR, a digital asset designed to track the euro on a one-to-one basis. This euro-denominated stablecoin marks a significant step for the fintech company as it expands its offerings into regulated blockchain-based money. Aimed at bridging traditional finance with digital assets, EURR… Read More

August 24, 2026 @ 12:28 am By Omar Faridi  |  

Digital bank Revolut has applied to open a branch in Finland, aiming to deliver local account details and closer everyday banking options to its existing users there. The fintech firm, operating in the European Economic Area through its Lithuanian-licensed entity Revolut Bank UAB, confirmed that… Read More