Top Ten Digital Bank Initiatives in 2016 » Banking Technology

2016 was a great year for digital-only/challenger banks. Some interesting stories about startups in the article. 

Look back at some of the major digital bank initiatives across the globe in 2016, with Banking Technology’s top ten.

Mobile-only bank Pepper gears up for launch in Israel
Israel’s Bank Leumi is gearing up for the launch of its new digital banking subsidiary, Pepper.

Digital challenger bank N26 goes pan-European
Germany-based mobile bank N26 is taking its business fully across 17 European countries, including Spain, Italy, Greece, Ireland and Slovakia.

New UK challenger bank Masthaven opens digital doors
New UK retail challenger bank, Masthaven, has launched – offering savings and lending products.

Lunar Way gets new investor and banking partner, Nykredit
Nykredit, Denmark’s largest mortgage provider, has invested in a minority stake in a new mobile banking service, Lunar Way, and has become its banking partner.

New mobile banking service for SMEs gears up for UK launch
UK-based Tide will offer a “nimble small business current account”, with a swift set-up and no monthly fees. It claims to be among the “world’s first” mobile-first banking services for SMEs.

Commercial Bank of Dubai to launch digital-only bank
Commercial Bank of Dubai (CBD) is set to launch “CBD Now”, which it claims to be the nation’s “first” digital-only bank targeting millennials and “digitally connected” customers.

New fintech firm, Soldo, comes to UK and Italy
Soldo, a London-based fintech start-up, is launching its flagship multi-user spending account.

Digital-only MemoryBank launches in US
US-based MemoryBank, a national branchless banking platform, has opened its “digital doors”.

Atom Bank opens doors to all UK customers
There’s nothing better than going all the way. Challenger bank Atom is now fully open for all customers in the UK.

New digital bank powered by Temenos’ front-to-back office platform
EQ Bank, a new pure-play digital bank in Canada, has opened its virtual doors. It is underpinned by the front-to-back office software from Temenos.

Source: Top ten digital bank initiatives in 2016 » Banking Technology

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