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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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Digital Bank Chime Suffers Outage Affecting 5M Customers

PYMNTS

The outage has been going on for the last 24 hours, taking down the company’s website and app, as well as shutting down customers’ debit cards. San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees.

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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 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.

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The $500B Consumer Lifestyle Opportunity Credit Unions Are Missing

PYMNTS

The historical focus of credit unions has been consumer lending , with a focus on providing the lowest rates to customers. As a result, she said, although credit unions are offering credit card products, they aren’t a central focus. Centralizing The Payments Experience.

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In UK, FinTech Alliance Launches

PYMNTS

digital bank, has set up shop in the U.S. As reported , the company is rolling out apps linked to checking accounts and debit cards. The firm said it will be holding sign-up events for consumers in cities that include Los Angeles, New York and San Francisco. banking charter. … In an example of U.K.

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