They are expanding across the continent in a bid to dethrone eToro as the trading app of choice and mimic the success of US counterparts.
Danske Bank UK taps Aiia for business-accounts viewing: The companies will let businesses see details for all of their bank accounts in one place—the latest example of rising interest in open banking from European financial institutions.
Starling plans to cut carbon-emissions to curry favor with environmentally conscious consumers: It aims to reduce its emissions by one-third by 2030, which could help it build a good reputation—but only if it shows progress.
This could give it an even bigger edge over prominent challengers, should they choose to jump into mortgages.
Freetrade will push ahead with plans to launch in new markets after hitting £1B ($1.28B) in assets under administration. But other retail brokerages have had the same idea.
Thanks to an infusion from a bullish US hedge fund, its value could reach €4.4B—another potential positive sign for SMB-focused neobanks in Europe.
Volt’s broader ties with AFG bolster its mortgage-growth prospects: Building on its recent partnership, the Australian banking-as-a-service (BaaS) provider will support a home-lending product and a personal finance app. It could help grow Volt’s loan book.
Douugh looks to roll out neobanking in Australia with Railsbank’s help: This demonstrates its confidence in the country’s consumer neobanking space, which is poised to recover from recent tumult.
Just 7% of US adults are very likely to use buy now, pay later (BNPL) services this holiday season.
The insurtech is banking on its telematics, fast claims capabilities, and pro-environment and bundling incentives to drive sales.
Consumers were most comfortable when they felt their financial institution would protect their assets. Incumbents could have an outsized influence over consumers’ adoption of open banking.
Banks need to tailor digital outreach according to people’s tech styles: A survey finds that consumers have a range of attitudes toward digital banking, with preferences varying. Executives’ strategies are already moving toward greater personalization.