News - Online Banking

Bank accounts are being left inactive as UK customers experiment with digital challengers

While traditional banks still technically have the numbers, new research shows millions of current accounts are being left unused as people dabble with the features of new mobile banks

Compelo Banking Fintech Watch: Latest fintech investments in March 2025

A round-up of the latest fintech investment during March 2025, including the like of Chime, Stash, Ellevest, PayIt and Rewire

Monzo partners with The Big Issue to trial re-selling scheme aimed at tackling UK homelessness

The Pay It Forward scheme will enable Big Issue magazine vendors to boost their income as customers re-sell copies to friends via Monzo payments

Monzo savings account to be launched following OakNorth partnership

Six Monzo savings accounts will soon be available to the challenger bank's 1.6 million customers, following a partnership with UK fintech OakNorth

Six UK companies leading the way in emerging digital banking trends

Firms like evestor, Satago, WeSwap and Chip are leading innovative new digital banking trends in the UK, changing the way customers manage their money - and all scooped prizes at the British Bank Awards 2025

Mobile banking startup Chime raises $200m in series D financing

US-based mobile banking startup Chime has secured an additional $200m in a series D financing round by DST Global.

Compelo Banking Fintech Watch: Latest fintech investments in February 2025

The latest fintech investments in February 2025, including backing for the likes of OakNorth, Starling, GoCardless, Raisin, Better Mortgage and YieldStreet

What is the Loot app? The fintech start-up for millennials backed by RBS

Royal Bank of Scotland has invested £2m in the Loot app as the London fintech aims to take on other challenger banks such as N26, Monzo and Revolut

Compelo Banking Fintech Watch: Latest fintech investments in January 2025

The latest fintech investments for January 2025 including backing for companies including MarketInvoice, Nutmeg, Acorns, Loot, Mimiro, Groww and Petal