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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The eBank joins smaller rival Starling Bank on the lending front, becoming the second online bank in the U.K. banking market through a partnership with Ohio-based Sutton Bank.

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Wells Fargo Seeks Partnerships to Give Mobile Users Better Experience

Bank Innovation

Wells Fargo has been going through a rough patch lately, but the bank itself is focused on moving forward. This is especially true when it comes to digital banking. The San Francisco-based bank is looking at partnerships as a way of improving banking experience for its current digital users (including mobile). “We

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SME App Seed Gets Rid of Monthly Fee

Bank Innovation

EXLUSIVE – SME-focused digital bank Seed is nixing its monthly fee and will now be free for customers. The San Francisco-based fintech used to charge its customers $9 per month, but after conducting a survey, CEO Brian Merritt told Bank Innovation that he realized Seed could serve customers better by being free.

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Digital Bank Chime Suffers Outage Affecting 5M Customers

PYMNTS

San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees. “Our payment processor has been experiencing issues today, resulting in our app + website being down,” Chime said in a tweet on Thursday (Oct. Earlier this year, it reached a valuation of $1.5

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Revolut Launches Price Comparison Service In UK

PYMNTS

For one, the digital bank startup said it had landed $80 million in venture funding from San Francisco-based TSG Consumer Partners. This week, Revolut said banking veteran Richard Davies is leaving his role as CEO , only one year after coming aboard help boost the startup. according to an emailed release.

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Digital Payment Company Nexi Agrees To Buy SIA For $5.4B

PYMNTS

the San Francisco-based financial services company. Last week, Nexi signed a partnership with Ebury , the London FinTech that provides global transaction banking services to businesses. Earlier this year, Wordline SA , the French payment company, paid 7.8 billion euros ($9.1 In January, Visa Inc. agreed to pay $5.3

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Digital Mortgage Startup Blend Expands Into Consumer Banking

PYMNTS

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. 23) announced its expansion into consumer banking to include personal loans and credit cards. Blend , the home loan tech startup, isn’t done growing. based early growth, FinTech-focused venture capital firm.