Revolut, a UK fintech last valued at US$75 billion ($104 billion), has been approved to operate banking services in Australia. It plans to spend “nearly” $400 million to win over the local market.
As he looks towards a possible 2025 IPO, CEO Chris Britt opens up about his own history and Chime’s current business and future. Could Washington stomp on his plans?
We’ve all heard of Australia’s Big Four banks. But what banks are best from a customer’s perspective? We bring you the top 8, as judged by Australians who ranked banks on digital services, fees, rates, and trustworthiness.
AI decisioning platform, Rich Data Co, has banked $28 million in a Series B funding round led by Westpac and US cloud banking software firm nCino.
Oil prices and global shares fell after UBS unveiled plans to buy its struggling Swiss rival Credit Suisse for $3.2 billion over the weekend.
The government-brokered deal aims to prevent turmoil at Credit Suisse—worsened by two massive U.S. bank failures last week—from spiralling into a larger banking crisis.
US bank stocks shed tens of billions of dollars in market value as their nightmarish week continues.
All of the failed bank’s depositors will be able to access their funds on Monday—even if their deposits aren’t covered by FDIC insurance.
Banking trends will feel the gravity of a return to positive interest rates.
The effects of emerging technology will continue to be widely felt by authorities in 2023 and beyond.