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Monzo hires Brolly founder Phoebe Chibuzo Hugh to lead its “charge into insurance”

UK challenger bank Monzo has hired Phoebe Chibuzo Hugh, founder and former CEO of Brolly, for its insurance industry expansion. Hugh aims to...

NatWest engages IBM to revamp chatbot service with generative AI

NatWest selects IBM's Watsonx platform for Cora:NatWest partners with IBM for Cora's enhancement.Cora+ offers more human interactions:Cora+ designed to provide a more...

Coop taps Additiv to launch new financial services app Coop Finance+

Coop, one of Switzerland's prominent retail and wholesale companies, has partnered with embedded finance fintech Additiv to launch its Coop Finance+ financial services...

GreenSky sold to Sixth Street-led investor consortium, Goldman Sachs confirms

Goldman Sachs sells GreenSky to consortium led by Sixth Street:Goldman Sachs is selling GreenSky, a fintech lender and BNPL provider, to a consortium...

HSBC acquires Citi’s $3.6bn consumer wealth portfolio in China

HSBC has agreed to purchase Citi's retail wealth management portfolio in China, with a deal expected to close in the first half of 2024....

Pakistan’s latest challenger HugoBank gains preliminary approval

Pakistani challenger HugoBank receives preliminary approval for its Digital Retail Banking (DRB) license from the State Bank of Pakistan (SBP) and plans to offer...

UK challenger Kroo looks to raise £70m Series C as it takes on banking transparency

Kroo, a London-based digital lender, aims to raise up to £70 million in a Series C funding round to enhance transparency in its product...

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