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U.K.’s Revolut Halts Effort to Expand Digital Bank into Luxembourg

British digital bank Revolut withdrew its application for an e-banking license in Luxembourg, after a member of the country’s parliament questioned whether...

Russia’s Fintech Booms As Smartphone-Savvy Grandmas Go Cashless

Russians are increasingly using mobile wallets to pay for groceries and bills as cashless technologies disrupt the financial services industry, extending their...

Israel’s First Bank in Decades Looks to Help Low-Income Families

Israel’s first new bank in 47 years will be making interest-free and low-interest loans, continuing the social impact tradition of its successor...

Facebook’s Marcus Defends Libra’s Financial Inclusivity

This week, David Marcus, Facebook’s vice president of messaging products, addressed one of the prominent criticisms of the global electronic currency since...

OakNorth, U.K.’s Most Valuable Fintech, Is Lining Up Bank Deals

OakNorth, backed by SoftBank, inked a five-year deal with Dutch bank NIBC, as traditional lenders are eager to team up with innovative...

What Is Driving J.P. Morgan’s Global Fintech Ambitions

If J.P. Morgan Chase & Co.’s latest moves around the world are any indication, the world’s sixth-largest bank is getting anxious and...

After a Series of Disasters, Facebook Wants to Make Things Right...

Following a series of privacy and misinformation scandals and increasing regulatory probes, Facebook is keen to improve its image as a force...

The Promise and Risk of Bank-Backed Digital Coins

On Our Radar: Deals we are paying attention to, for their impact on industry. Mitsubishi UFJ Financial Group Inc. (MUFJ), Japan’s largest bank, will roll...

Artificial Intelligence Lending Startup Upstart Network Raises $50M, Partners with Banks

On Our Radar: Deals we are paying attention to for their impact on industry. Upstart Network, an artificial intelligence (AI) lending platform founded by ex-Googlers,...

Report: Italy’s UniCredit Preparing Bid for Commerzbank

On Our Radar: Deals we are paying attention to for their impact on industry. Foot-dragging to the altar has plagued many a wedding, especially when...

OakNorth’s Valentina Kristensen: “We’re not coming to the United States to...

Sound Businesses: Profiles of companies and business models we are keeping an eye on. U.K.-based digital bank OakNorth Holdings Ltd. received a total of $440 million last...
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