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Marcel van Oost

Chime Launches A New Credit Option: Instant Loans

Chime Launches A New Credit Option: Instant Loans

Hey Digital Banking Fanatic! Access to short-term credit remains a challenge for many consumers, particularly those with limited credit histories. Chime is stepping into this space with Instant Loans, a new offering designed to provide eligible members with up to $500 in liquidity, with a straightforward repayment structure and no

Nubank Rolls Out Split Bill Feature

Nubank Rolls Out Split Bill Feature

Hey Digital Banking Fanatic! Neobanks in Europe, like Revolut and N26, have long offered features that simplify expense sharing. Now, Nubank is bringing a similar convenience to its customers with Boleto Compartilhado, a new tool that allows users to split bank payment slips (boletos) directly within their digital accounts. With

Openbank Partners with Verizon to Expand Digital Banking in the U.S.

Openbank Partners with Verizon to Expand Digital Banking in the U.S.

Hey Digital Banking Fanatic! Branch closures, digital expansion, and strategic partnerships—Santander Bank’s latest moves reflect the broader shift in global banking. This week, the lender announced plans to shut 21% of its UK branches, in line with an industry-wide trend that has accelerated since 2008. At the same

Lunar Reaches 1 Million Users Across the Nordics

Lunar Reaches 1 Million Users Across the Nordics

Hey Digital Banking Fanatic! The Nordic digital bank Lunar has reached a new stage, surpassing 1 million users, including 25,000 businesses. Since securing its banking license in 2019, the bank has expanded beyond Denmark into Sweden and Norway, operating in one of the wealthiest countries in the world, with

OakNorth Expands U.S. Footprint with Key Acquisition

OakNorth Expands U.S. Footprint with Key Acquisition

Hey Digital Banking Fanatic! OakNorth, the UK-based digital bank for SMEs, is strengthening its foothold in the U.S. market. Following a strong financial performance in 2024, the company has announced its acquisition of the Michigan-based Community Unity Bank in a stock-for-stock deal. This move builds on its earlier expansion

AI-Driven Cleo Doubles Revenue, Reaches $185M

AI-Driven Cleo Doubles Revenue, Reaches $185M

Hey Digital Banking Fanatic! Cleo’s 2024 mission report is here, and the numbers tell a clear story. Annual recurring revenue has reached $185 million—twice last year’s figure. One million people now check in monthly, fueling 73 million conversations. Behind the scenes, Cleo has analyzed 3 billion transactions

Revolut Expands Team Ahead of UK Banking Approval

Revolut Expands Team Ahead of UK Banking Approval

Hey Digital Banking Fanatic! Revolut is moving closer to becoming a fully licensed UK bank, with plans to complete its "mobilization phase" by July. Since securing its restricted banking license last summer, the company has grown its UK banking division from 35 to over 100 employees, aiming to