Digital Banking Weekly #63

20th September 2020 – 27th September 2020

🇪🇺 The European Union has taken a major step forward in its bid to regulate the crypto assets world 🔗 Read more

🇺🇸 Greenlight raises $215 million at a $1.2 billion valuation to help illions more parents raise financially-smart kids 🔗 Read more

🇷🇺 Why does the Sberbank drop "bank" from the name? 🔗 Read more

🇩🇪 Deutsche Bank is set to close 100 of its 500 German branches as it seeks to cut costs by taking advantage of customer migration to digital channels, which has accelerated during the Covid-19 pandemic 🔗 Read more

💸 European fintech unicorn TransferWise accelerating revenue growth to 70% and doubles profits 🔗 Read more

🇬🇧 American Express now available to use on Monzo Plus 🔗 Read more

🇦🇺 Westpac, one of Australia’s largest banks, has agreed to pay a record AUD 1.3 billion fine for money laundering breaches 🔗 Read more

🇺🇸 Robinhood has bagged $460 million in extended funding just one month after it landed a $200 million Series G led by D1 Capital Partners 🔗 Read more

🇦🇺 Australian challenger bank Volt has signed a partnership deal with Microsoft for the deployment of a new Banking-as-a-Service (BaaS) platform 🔗 Read more

💼 Revolut’s first head of partnerships Rishi Stocker is leaving the start-up after joining the fintech back in September 2016 as one of its earliest employees 🔗 Read more

🏦 Why GCC banks and fintech startups must realign their interests for greater good 🔗 Read more

🇺🇸 One, a digital banking startup founded by former PayPal and Capital One executives, has officially launched 🔗 Read more

🇪🇺 The European Union is considering new rules that would likely require Apple to give competitors access to payments technology inside its iPhone’s 🔗 Read more

🇷🇺 Russian technology giant Yandex is poised to buy digital bank Tinkoff for around $5.5 billion 🔗 Read more

🇮🇹 Italian digital bank illimity acquiring a 50% shares of HYPE 🔗 Read more

👨‍💻 With many staffers expected to be working from home for the long haul, UBS has begun looking into the creation of a virtual reality trading floor using Microsoft HoloLens headsets 🔗 Read more

🇬🇧 Kale99 has become the latest fintech with challenger bank ambitions in the UK, promising a digital offering based on CX 🔗 Read more

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