N26 Appoints Antón Díez ex-Trade Republic as GM
Weekly news up to Monday, 14th of July 2025
👀 NEWS HIGHLIGHT
Neobanks have an increasingly seductive offer for Spanish customers. In addition to the interest-bearing accounts of N26, Revolut, Trade Republic or Bunq Free all of them with interest rates of over 2% and even 2.5% new proposals have been added, such as those of Vivid, a German neobank that has just announced the launch of a Spanish IBAN.
📰ARTICLE OF THE WEEK
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🔦 DIGITAL BANKING HIGHLIGHTS
⭐️ N26 appoints Antón Díez, ex-Trade Republic, as GM for Spain and Portugal.
⭐️ Orion Innovation Successfully Implements Temenos’ Digital Banking Platform for BNI.
⭐️ MYOB moves into banking services with the launch of Solo Money.
⭐️ Marc Bürki, CEO of Swissquote, wants to develop Yuh internationally.
🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
Kuda’s second attempt at multicurrency banking comes with lessons and $15M backing from investors. Kuda microfinance bank (“Kuda bank”) has relaunched multicurrency wallets and cross-border payment services for users in eligible jurisdictions.
Flagstone to launch up to 10 Cash ISAs by January 2026. Simon Merchant, CEO of Flagstone, comments: “Our Cash ISA products will offer competitive tax-free rates to savers who deserve to be rewarded for taking action and trying their best to make their money work harder for them“.
Deutsche Bank goes live with Swift Instant Cash Reporting. Through ICR, the bank's clients can collect real-time account and balance data via a single access point using the ISO 20022 data model and secure JSON format. Swift acts as the central connector, routing API pull requests from corporates to Deutsche Bank.
EUROPE 🇪🇺
Zen.com has announced a partnership with Romanian-based Libra Internet Bank. Clients will be able to access accounts with local IBANs. As part of the partnership, Zen will gain access to accounts held in Romanian lei. It will also generate virtual IBANs in this currency for individual and business customers.
Lunar launches local virtual account numbers (vBBANs). It is designed to simplify operations, streamline payments, and unlock the full potential of this dynamic market. vBBANs do more than just handle local currency. They act as domestic bank account numbers, making it easier to collect and send funds.
The Italian Competition Authority has opened an investigation into Revolut. Regarding investment services, Revolut allegedly promoted the option of investing in shares, highlighting the absence of commissions and failing to clarify the presence of additional costs and the limitations that characterize commission-free investments.
USA 🇺🇸
Nymbus signs agreement with Bud Financial to launch AI-powered personal financial management services. With this collaboration, Nymbus Bud Financial aims to help banks and other financial institutions use next-generation PFM services that give personalised advice and real-time information.
SoFi to give clients access to OpenAI and SpaceX through new funds. The funds will provide exposure to companies across various industries, and can be invested in through the SoFi app with a minimum contribution of $10. The company is expanding alternative investment opportunities for retail clients.
BNY Mellon will have custody of Ripple’s new stablecoin as institutional interest in crypto swells. The partnership should enhance regulatory compliance for Ripple, the issuer of Ripple USD (RLUSD), and boost institutional credibility for the company as well as the fast-growing stablecoin industry.
MANTL and the Alkami solution team offer Plaid Layer. Through this integration, MANTL empowers regional and community financial institutions to deliver the same seamless digital onboarding experiences as tech-first neobanks while unlocking faster growth and stronger conversion.
LATAM
Neon raises US$25 million from IFC and DEG. Jamil Marques, Neon's CFO and COO, said the funds will help Neon accelerate credit investments, with a focus on private payroll loans and technological development. Read more
ASIA
Revolut officially launched a new Global Tech Hub in Manila, Philippines, aiming to enhance Revolut’s global capabilities and accelerate innovation. This new Global Capability Center will work across time zones and continents, supporting operations in the UK, Europe, Asia-Pacific, and the Americas.