Monese mobile bank raises $10m in Series A funding round
Monese, the mobile-only bank aimed at European customers who may struggle to open a bank account in the UK via traditional means, has raised $10m in Series A funding round.
Banking
$1.5 billion fintech fund launches in China
A group of Chinese companies and state-owned businesses are partnering to create a new $1.5 billion fintech fund that will focus on mergers and acquisitions, and nurturing fintech enterprises in China.
Best of 2016: Our top 5 articles in Banking
Finally this week, we're going to look at the news articles, thought pieces and analysis on the banking sector that most drew our readers' attention. If you missed these gems when they were published, now’s your chance to read them!
Micro-investing app, Moneybag, launches on Android
Moneybox, the smartphone app aimed at getting millennials investing, has launched its service for Android phones, which can be downloaded on Google's Play Store.
Open Banking and PSD2: Challenges for fintechs, app providers and banks
The last few months have been rather exciting for those with an interest in PSD2 and Open Banking. But while we all may privately have hoped developments in open banking and PSD2 might have provided a final level of clarity by now, this is not yet the case.
Lloyds to acquire Bank of America’s MBNA credit card firm for £1.9 billion
Lloyds banking Group has agreed to pay £1.9 billion for Bank of America's credit card firm, MBNA, in the first acquisition by a UK bank since the 2008 financial crisis.
Leveraging customer experience from the 20th century
With advancements in technology and the subsequent availability of data, it seems surprising that banks seem to know less about their customers than ever before.
High street banks shut 1,000 branches in two years
It looks like many bank branches are doing more than just shutting down for Christmas as new research from Which? finds that high street banks have closed over 1,000 branches in the last two years.
Millennial smartphone banking app, Loot, has launched
Loot, the smartphone banking app aimed at helping millennials stay on top of their finances, has finally launched this week and started to open accounts of the 25,000 people on its waiting list.
