It has been a busy first quarter of 2021 for SoFi. The new year kicked off with the announcement that...
There have been many recent launches of digital banks which was a result of regulatory changes in the UK; Metro Bank was the first having launched in 2010, but there are many new names since then; article highlights founders and investors in the space including Eileen Burbidge (Monzo), Sanjeev Gupta (Wyelands Bank), Jonathan Rowland (Redwood Bank), Nick Ogden (ClearBank) and the Pears family (Masthaven Bank). Source
Tom Blomfield started Monzo over five years ago and has now decided to step down as CEO; he will now...
Zopa was granted a preliminary banking license late last year but they are yet to launch their new bank; speaking...
Loot was a startup that offered a current account for millennials; last month it went into administration after they ran...
A former digital banking executive from Lloyds Bank provides his criteria for the perfect digital bank; first, payments functionality should...
The company announced the news in an earnings call; they will begin testing products this year and have invested $53.3 million developing the new bank; Virgin Money is said to have signed an agreement with 10x Future Technologies to develop the platform. Source
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