FinTech Pioneers Unite to Build Bank for High Net Worth Individuals Interesting news from the UK today: a group of well-known fintech pioneers behind Monzo, Starling, and Nutmeg are launching a new bank aimed at high-net-worth individuals.
Wise Takes Steps Toward UK Banking Hey Digital Banking Fanatic! 14 years after its launch, Wise is now in talks with regulators about becoming a UK bank. That shift could let it offer interest accounts and loans, services it cannot provide with its current licence. For customers, it would also mean deposit protection of up to
Kakao Founder Faces 15-Year Sentence Request Hey Digital Banking Fanatic! Prosecutors in South Korea are seeking a 15-year prison term for Kakao founder Kim Beom-su on charges of stock manipulation tied to a K-pop agency deal. The Seoul Southern District Prosecutor’s Office also requested a 500 million won fine ($ 360,000). Kim
Revolut in Talks with Investment Banks to Acquire a U.S. Bank Hey Digital Banking Fanatic! Not exactly breaking news, I mentioned this a month ago, but Revolut seems to be making moves now. Bloomberg reports the company is in talks with investment bankers about a potential U.S. acquisition. The move is not out of the ordinary, since its UK rival
EXCLUSIVE: Nubank Eyes Bank Acquisition for Full Banking License + Official Response on Lawsuit News Hey Digital Banking Fanatic, More big news out of Brazil, Nubank is reportedly considering acquiring a traditional bank to secure a full operating license. Right now, the fintech is formally classified only as a payment institution. This move comes after Brazil’s Central Bank launched a public consultation to redefine
FinTech Farm Rolls Out Tezbank in Central Asia Hey Digital Banking Fanatic! What travels from Ukraine to Uzbekistan? This time it’s a neobank. FinTech Farm has launched the neobank Tezbank in partnership with Hamkorbank. The app lets users open accounts, order cards, and manage daily banking without visiting a branch. Uzbekistan is now the 6th market for
Bunq Hit With €2.6M Fine Over AML Failures Hey Digital Banking Fanatic! Dutch neobank Bunq has been slapped with a €2.6M fine by the Dutch central bank (DNB) for “serious shortcomings” in money laundering controls. The cases date back to 2021–2022, with regulators citing repeated failures despite earlier warnings. Bunq said it disagreed with the ruling