Tuesday, October 26, 2021

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