MoneymintMoneymint
    • ABOUT
    • BANK
    • CRYPTO
    • MONEY
    • TIPS
    • DISCLOSURE
      • DMCA
      • Terms and Conditions
      • Privacy Policy
    Subscribe
    MoneymintMoneymint
    Home»TECHNOLOGY AND STARTUPS

    Check Out These New Digital Banks

    By Sushma SinghUpdated:August 8, 2020
    robot-head-poster
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Recently conducted surveys of the European banking sector have revealed that large retail banks have only digitized 30-40% of their processes. Another glaring statistic that stood out in this survey was the fact that most European banks allocate less than 0.5% of their total expenditure on digitization.

    Check Out These New Digital Banks

    Sniffing an opportunity to overtake these laggards, many digital banks have set up shop in the EU region. These banks have applied light-weight platforms which significantly increase technological interventions. For instance, using e-forms and workflow systems is one way to increase digitization and it does not require any major investments.

    Going digital does not necessarily mean you have to invest millions in new infrastructure and hiring developers. It can be done by maximizing the use of existing technological platforms. We take a look at these seven new FinTech companies working in the Digital Banking segment in Europe and the United States.

    Check Out These New Digital Banks

    Atom Bank – www.atombank.co.uk

    A Mobile-first bank, it began operations in late 2016. Its first customers were enrolled through an exclusive invitation-only process. The digital bank has launched two fixed saver accounts this year. It also offers SME lending and residential mortgages. Customers can access their bank account using face and voice recognition. The app also includes a customised unique logo that you can create or choose.

    Cross River Bank – www.crossriverbank.com

    Cross River Bank promises to deliver enhanced banking services to individuals and corporations across the United States. The firm has strategic partnerships with fintech companies to deliver integrated solutions that cater to the lending marketplace and payments processing field. The firm has developed superior financial technology that is set to transform banking in the United States.

    Crowd Valley – www.crowdvalley.com

    Crowd Valley provides modern banking API architecture that enables developers to launch finance applications faster. The platform is built with bank-grade security and can serve as a cloud back office for lending and investing applications. The platform has high-security stands of 2048 bit encryption and is being used by more than 100 global financial service corporations.

    Check Out These New Digital Banks

    Fintonic – www.fintonic.com

    Their mobile app helps you identify what’s happening with your bank accounts. You get access to loans and insurance from more than fifty banks through their app. It also has a built-in algorithm that analyses the suitability of a user for a loan. Many of their customers become eligible for a pre-approved loan based on their credit history. The company has expanded operations in Latin America with its development team based in Spain.

    Budget Insight – www.budget-insight.com

    This French startup provides budgeting insight through its bank account aggregation API. It is used by more than 50 client companies to power their aggregation platforms. Budget insight helps banks and third-party service providers gain insights into the spending habits of bank account holders so that tailor-made solutions can be presented to them.

    Check Out These New Digital Banks

    Tandem – www.tandem.co.uk

    This banking app is still not open to the public but you can sign up to get an invitation. The company intends to help manage your expenses by forecasting your monthly spending in advance. The app also provides alerts on bills due and helps find better deals by analyzing your purchases. For instance, if you pay your electricity provider through this app, the app will determine if there is a cheaper energy provider nearby and alert you to switch to a new service provider.

    Solaris Bank – www.solarisbank.de

    Solaris bank provides a robust platform with modular API’s that can be used to build a scalable, secure banking platform. It is a tech company planning to disrupt the banking software sector. Their platform is being used by several fintech companies to launch services quickly without having to wait for months to develop a beta offering.

    Check Out These New Digital Banks

    atom bank review digital workforce
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    sushma
    Sushma Singh

    Sushma is a financial expert and online entrepreneur. With years of experience in personal finance and business management, she is dedicated to empowering individuals to take control of their finances and make smart investment decisions. Through Moneymint's website, she provides insightful tips, strategies and resources to help individuals grow their wealth and achieve financial stability. Join Sushma on the journey to financial freedom today!

    Keep Reading
    insurance-logos-Indian

    InsurTech Startups In India

    4 Stalls To See At London FinTech Week

    4 Stalls To See At London FinTech Week

    earn-online-teaching

    Machine Learning And AI Startup Ideas

    purple-hide-founders

    Purple Hide – Design Your Shoes Online!

    crowd-size-india

    75 Brilliant Startup Ideas From Europe

    7-fintech-startups-logo

    15 Fintech Companies With Great Products

    Latest Articles
    Bhushan Kumar Net Worth, Income, Property
    March 18, 2023
    What do Public Utilities Jobs Pay? Full List of Jobs
    March 18, 2023
    Ulta Credit Card Payment Process
    March 17, 2023
    Best Weekend Side Jobs to Earn Extra Income
    March 17, 2023
    Sunil Shetty Net Worth, Hotels, Property
    March 16, 2023
    How many Jobs are available in Consumer Services? Full List
    March 16, 2023
    How to Find the History of a Property Online? Full Guide
    March 15, 2023
    A Comprehensive Govt ITI Courses List
    March 15, 2023
    Chiranjeevi Net Worth, Salary, House Price
    March 14, 2023
    20 Best Paying Jobs in Transportation with Salaries
    March 14, 2023

    Subscribe to Moneymint

    Every Sunday we email people like you with top tips, insights and opportunities to manage your finances and build your online business.

    The form collects name and email so that we can add you to our newsletter list for updates. Check out our privacy policy
    Please enter a valid email address
    That address is already in use
    The security code entered was incorrect
    Thanks for signing up
    Moneymint
    Moneymint is a personal finance website that offers a variety of resources and tools to help individuals earn money online, save money, and create passive income streams. The site aims to empower users to take control of their finances and achieve their financial goals.

    Moneymint™ | Corporate Park, D-21, Sector 21, Dwarka, Delhi 110077
    Categories
    • Bank
    • Business
    • Credit Cards
    • Crypto
    • Loan
    • Money
    • Net Worth
    DISCLAIMER

    The content on this site is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on our site may differ from actual numbers. See our Privacy Policy & Disclaimer for more details.

    © 2023 Framed Media
    • About
    • Contact us
    • DMCA
    • Terms
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.