Why is signing up for mobile banking so hard?
Most banks still struggle to make it simple for customers to open new accounts entirely on mobile devices. Read more: www.americanbanker.com
Atom Bank begins tech recruitment drive
A recruitment drive to find key technical people for the UK’s first bank built exclusively for mobile is underway here in the region. Read more: www.finextra.com
Bankin pockets €7m for personal finance app
French personal finance management app Bankin has raised €7m in a new round of venture funding. Omnes Capital led the investment. Read more: www.fintechroundup.com
Digital-only banks aren’t just for rate chasers: ING CEO
ING has made splashy investments in its digital bank, announcing it will spend about $850m over the next five years to accelerate customer growth. Read more: www.americanbanker.com.com
People still trust physical banks more than digital
Digital banking has surged in popularity over the last few years, but research out today also shows many still won't trust a lender without a building. Read more: www.cityam.com
Banking app Mondo is rebranding to Monzo
London banking startup Mondo has announced that it is changing its name to Monzo after a trademark dispute forced it to rebrand. Read more: uk.businessinsider.com
Kavout launches A.I. driven investment platform
Seattle-based startup Kavout unveils its AI-driven investment platform today. Read more: www.financemagnates.com
Singapore gets robo-advisor for women
The brainchild of former hedge fund manager Gina Heng, the licensed service says that it wants to empower women to achieve their long-term financial goals. Read more: www.finextra.com
Finimize pockets seed funding for millennial financial guidance
Financial news and advice platform Finimize has picked up £450,000 in a seed funding round. The investment was led by Passion Capital. Read more: www.fintechroundup.com
House of Fraser pulls out of £29m Tandem investment
UK challenger bank Tandem won’t receive £29m of an investment it previously announced from UK retailer House of Fraser. Read more: fintechroundup.com