Neobanks stories

SoFi and Galileo expand FedNow access with instant transfers both ways, as Bill Kennedy says the platform could open the same service to partners.

Wise posts higher transfer volumes and customer balances as it targets a Nasdaq primary listing in May 2026 while keeping London.

Monzo abandons its US expansion and cuts about 50 jobs as Revolut pushes for a banking charter to build a direct American lending business.

OpenFX secures USD $94 million to scale real-time cross-border payments, after growing annual volumes to more than USD $45 billion and adding 100-plus clients.

New York fintech Spade raises USD $40 million in Series B funding led by Oak HC/FT to expand its real-time payments data intelligence tools.

Solana unveils an API-based developer platform for banks and payment firms, backed by Mastercard, Worldpay and Western Union pilots.

UK consumers still favour banks over AI for financial advice, with over a third saying they do not trust artificial intelligence in banking.

Wealthfront posts record revenue and assets but plunges to GAAP loss after IPO-linked stock-based pay drives expenses sharply higher.

London tops global fintech funding as Europe outperforms in regulated niches but leans on US backers and eyes pensions to plug gaps.

Fintech integrators turn to Melissa's real-time, trusted data layer to sharpen KYB checks, slash onboarding friction and cut synthetic fraud.

LemFi gains Bank of Canada oversight under the new Retail Payment Activities Act, bolstering trust in its cross-border remittance services.

Lenders clinging to legacy payment rails are losing borrowers to fintechs that can approve, fund and collect on loans in near real time.

Fingular taps Kilde for SGD $10m credit line to fund Southeast Asia expansion, ramping up Malaysia consumer lending under Tambadana.

Zepz has bought fintech Pomelo to bolt credit cards and lending onto its remittance brands, deepening its push into cross-border finance.

DXC weaves Ripple and Euronet tech into its Hogan core platform, adding digital asset custody and blockchain payments for banks.

DXC to plug Euronet and Ripple into Hogan core system, adding issuing and payments tools for banks chasing faster digital rollouts.

AI compliance firm ThetaRay names ex-Symphony chief Brad Levy as CEO, tasking him with scaling its Cognitive AI platform globally.

Banks are turning apps and accounts into ad space, with SAS tipping media networks to lift non-interest income by up to 30% within two years.

Marqeta has hired veteran payments executive Patti Kangwankij as CFO, completing a leadership reshuffle under chief executive Mike Milotich.

Consumers worldwide demand flexible, digital credit cards, pushing traditional banks to modernise or risk losing ground to agile fintech rivals.