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.
Moonfare’s expanded access to private markets has been rewarded by rapid AUM growth and a mega-round.
The age distribution of the Brazilian neobank’s customers is a lot younger than incumbents’, with years of future earnings potential still ahead if they remain loyal.
Railsbank aims to sell brands on financial ‘experiences’ for customers: The banking tech company wants consumer-facing brands to view financial services as embedded tasks running in the background. These brands could become early entrants in a space with huge growth potential.