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Dutch Digital Bank Bung Bung, a “big and secret” market plans to re-enter the UK to hit about 2.8 million “digital nomads”.
Pavlo Gonchar | Sopa Pictures | Lightrocket | Getty pictures
Tuesday Dutch Digital Bank Bung said he applied for a broker-vendor registration in the United States as it could be further expanded during the Atlantic.
Bung CEO will be the initial step to ensure the full banking license of the Network, Broker-dealer application. Bung Could not offer a solid schedule when providing this permission – but it was excited for growth prospects in the country.
The broker-seller can submit a license, Bung “This can provide our users with a large number of services – Netlam told CNBC. BUNQ, provides information for” digital nomads “.
BUNQ, after providing a broker-seller’s authorization, with the exception of a savings account, the Martign, which can offer the majority of BUNQ services.
Bung, which sounds like a bank as a bank for “digital nomads”, is currently a banking license in the European Union. For an electronic money organization (EMI) in the UK, previously conducted Britain’s operations, but was forced to leave the country in 2020 due to Brexit.
Bung First, in April 2023, the United States presented it for the Federal Bank Charter. However, the Dutch regulator and US agencies referenced a year later a year later. The company plans to resend the appeal for the full banking license at the end of this year.
65% jump in profit
Bundle, in addition to international expansion update, 65% of the annual discount on Tuesday is 85.3 million euros ($ 97.2 million). This jump, primarily in net interest income, increased by 55%, net payment revenues increased by 35%.
Like N26 and Monzo, Bung Bung, Bung, has benefited from a high interest rate environment for customer deposits selling in the Central Bank.
The CEO of BUNG told CNBC that high interest rates, of course, although it helps, generally aimed at increasing the use of the platform and operations in terms of operation.
“Because we want to be so lean and we have set up all our systems from scratch … We have not increased our profits, but also presented the tendat of very good interest in the General Market and the General Market and the Netherlands.
Recently, the Central Banks in the EU and the United States have violated interest rates and interest rates in response to inflation inflation and economic slowdown.
The Netnam is not worried about the prospect of landing, and the potential reduction in potential reduction of interest income is also expected to be replaced by a “diversified” income mixture of paid subscription products, as well as new features. BUNQ BECAUSE ACCOUNT ACCOUNT means that allows users to trade shares.
“This is more different in the continental Europe in Europe.” As we have grown, in fact, our value base is also growing, for all we have to pay for all deposits in which we have to pay for all deposits in which we have to pay for all deposits in which we have to pay for all the deposits I invest
Bungs, especially in the US market, come against competitive piles. In America, it has already been served by consumer banking giants, including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup. Both chime and robins are home for several basic fintech brands.
