Neobanks stories

SEON posts over 80% ARR growth, boosts API usage 250% and secures USD $80 million Series C to scale AI-powered fraud and AML platform.

Most UK adults aged 28-40 would trust AI to manage spare cash and bills, a survey finds, despite low confidence in their own finances.

Revolut launches RevPoints in New Zealand, offering uncapped rewards on everyday spending redeemable for travel, airline miles and gift cards.

Fourthline wins Celent Luminary status plus top tech awards for its AI-driven KYC identity verification platform used by leading fintechs.

Global fintech funding jumped 21% to USD $53 billion in 2025, as the UK secured second place worldwide with USD $3.6 billion.

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

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.

Aventur lands Dutch family office funding for its AI-led money platform, eyeing a 2026 UK launch to narrow the financial advice gap.

10x Banking and Singapore’s audax have teamed up to help banks launch full digital services in six months while phasing out legacy cores.

EU banks face a 2026 crunch as new AML rules spark a shake-up in KYC vendors, testing compliance strategies amid rising fraud risks.

Block Earner links with Worldpay to let Australians fund accounts instantly and buy crypto via major cards and mobile wallets.

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

Australian legacy firms in banking, insurance and accounting are turning vast data troves into a new competitive edge through modern digital systems.

In 2026, traditional banks will face fierce competition from neobanks, rising fraud risks, and new ISO 20022 rules, forcing urgent modernisation or loss of customers.

Australian banks must embrace AI, cloud tech and resilience-first strategies to cut costs and boost agility in a competitive, evolving market by 2026.

Ripple is set to acquire stablecoin payment platform Rail for USD $200M, boosting its digital asset network and simplifying cross-border payments for firms.

Digimune and ViaCarte partner to launch Identicate, a cyber protection platform offering Australian banks real-time identity theft alerts and financial fraud cover.

Backbase forecasts a USD $1 trillion transformation in banking by 2025, urging traditional banks to innovate or face a 30% market share loss to digital rivals.

Customer experience drives sustainable financial growth, risking AUD $87 billion if ignored. Digital banks leverage automation for seamless service.

Tonik, the Philippines' first neobank, has selected Noname Security to enhance cybersecurity measures for its digital platform.