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Hey Digital Banking Fanatic! Berlin-based FinTech Pliant has secured $40M in Series B funding, led by Illuminate Financial and Speedinvest, with backing from PayPal Ventures and Motive Ventures — pushing total funding beyond $100M. Founded in 2020, Pliant is on a mission to modernize B2B payments with a modular, API-first card

Hey Digital Banking Fanatic! Revolut’s Singapore operation has reached a new milestone. In the latest financial year, the digital bank posted its first profit in the market, achieving a 15% net profit margin. This marks a significant moment for the local team and hints at the potential for its

Hey Digital Banking Fanatic! Zopa Bank has reported a significant financial achievement, doubling its pre-tax profit to £34.2 million for the fiscal year ending December 31, 2024. This marks the British digital bank's second consecutive year of profitability, underscoring its robust growth trajectory. CEO Jaidev Janardana highlighted

Hey Digital Banking Fanatic! Tuum, a European-based cloud-native modular core banking platform, is taking a step that may seem unexpected at first: the launch of Islamic Banking and Finance solutions. But the move is rooted in context. It’s been a year since the company began operating in the UAE—

Hey Digital Banking Fanatic! Two U.S. financial regulators just handed Discover Financial Services a $250 million penalty for years of misclassifying credit cards. The Federal Reserve and FDIC announced separate enforcement actions against the company, citing systemic overcharges on interchange fees dating back nearly two decades. At the core

Hey Digital Banking Fanatic! Major cryptocurrency firms, including Circle and BitGo, are reportedly preparing to apply for U.S. banking licenses, signaling a strategic shift toward deeper integration with the traditional financial system. The push for banking licenses aligns with recent legislative developments, including the advancement of the Stablecoin Transparency