Bunq: Revolut rival eyeing up UK banking licence bid Fintech Europe’s second largest digital bank is gearing up for a bid for a UK banking licence, Morning Wire can reveal, as the firm puts its hat in the ring in the fight to claw market share from fintech leader Revolut. Bunq – which reached 20 million users in just a decade – is understood to [...]
Europe’s second largest neobank joins rush for US banking licence Fintech Europe’s second biggest digital bank has become the latest fintech aiming to capitalise on President Donald Trump’s deregulation agenda after filing for a US banking licence. Bunq has set its sights on the US after lodging an application for a national charter to operate as a bank with a US Treasury Bureau. The Dutch challenger [...]
‘There’s little room for caution’: Banks and fintechs gear up for AI revolution Banking The financial services sector is leaning into the hype around artificial intelligence, as banking and fintech executives hail its potential to boost productivity and reduce costs.
Bunq becomes first EU neobank to report annual profit after surge in users and interest rate boost April 4, 2024 Dutch mobile banking firm Bunq has become the first EU neobank to report an annual profit as it gears up to re-enter the UK market and mulls an IPO.