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Lumin Digital To Provide LAFCU With Digital Banking Solution

PYMNTS

Lumin Digital announced today (Nov. 17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS.

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In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

These shifts have made digital banking and debit transactions more important than ever. Many United States residents are starting to receive federal relief via direct deposits or checks in the mail, but Los Angeles, California, is turning to prepaid debit cards to offer its own pandemic-related financial assistance.

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Digital Bank Startup Branch Offers Mobile Payments

PYMNTS

Branch , the digital bank startup, is branching out. Consumers deserve fast and flexible mobile banking services that adapt to their needs,” said Branch CEO Atif Siddiqi in a statement.

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UK Digital Bank Monzo Crosses Pond To US

PYMNTS

Digital bank Monzo, based in the United Kingdom, is crossing the pond. The company said it will be signing up consumers for its cards through the next few weeks at events slated to be held in cities including Los Angeles, New York and San Francisco. Reuters reports that the company has reached U.S.

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Celebrity-Backed Digital Bank Aspiration Battling For New Funds

PYMNTS

A digital bank that raised $110 million from investors — including celebrities Leonardo DiCaprio and Orlando Bloom — is suddenly struggling to find additional funding, CNBC reported on Thursday (Nov. Last year , Cherny noted that while his firm serves all demographics, millennials tend to be its largest audience.

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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

banking market through a partnership with Ohio-based Sutton Bank. It has already signed consumers up for its cards in cities including Los Angeles, New York and San Francisco and there is currently a waiting list. In June, Monzo started its move into the U.S. In the U.S.

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Monzo Courts SoftBank As Part Of £100M Capital Raise

PYMNTS

British banking unicorn Monzo is in talks with Japanese investment conglomerate SoftBank for financial assistance in its growth plans into the U.S. The digital bank is looking to raise around £100 million (nearly $ 130.6 The London-headquartered bank raised £113 million in June from the U.S. million USD) in new funding.