Denizen, created at BBVA’s in-house incubator and funded by the bank’s digital business unit, charges no foreign exchange fees, provides a regular debit card rather than a prepaid one and allows clients to maintain a single balance across jurisdictions...sounds like a competitor of Revolut
Banking start-up backed by Spanish bank BBVA to target expats in US Denizen charges no foreign exchange fees, provides a regular debit card rather than a prepaid one and allows clients to maintain a single balance across jurisdictions © iStock A Silicon Valley start-up backed by Spain’s BBVA is launching the world’s first global bank account that will allow account holders to receive money in one country and pay it out in another without incurring any payment fees. Denizen, created at BBVA’s in-house incubator and funded by the bank’s digital business unit, will target Spanish expats living in the US but will add up to 10 other EU countries by August.
https://www.ft.com/content/cf1478ac-2e6b-11e8-9b4b-bc4b9f08f381
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