challenger bank

BFC Bank Loops Into UK’s Faster Payments
BFC Bank Loops Into UK’s Faster Payments
January 30, 2018  |  B2B Payments

The U.K.’s Faster Payments Scheme has another participant. BFC Bank, a challenger bank with plans to launch later this year, recently announced it had joined...

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Small Firms Say Banks Haven’t Changed Since Financial Crisis
Small Firms Say Banks Haven’t Changed Since Financial Crisis
December 20, 2017  |  B2B Payments

Nearly a quarter of U.K. small businesses (SMBs) believe banks have changed their ways since the global financial crisis, according to a new survey by...

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Challenger Banks Penta, Arro Debut Small Business Accounts
Challenger Banks Penta, Arro Debut Small Business Accounts
December 13, 2017  |  B2B Payments

Two challenger banks in the European Union — U.K.-based Arro and Germany-based Penta — both announced Tuesday (Dec. 12) that their small- and medium-sized business (SMB)...

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How Faster Payments Collaboration Breeds Financial Services Competition
How Faster Payments Collaboration Breeds Financial Services Competition
July 10, 2017  |  B2B Payments

Accelerated payments initiatives like the U.K.’s Faster Payments Scheme (FPS) are only valuable when financial institutions and other players can actually access the service. That’s...

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Virgin Money Plans SME Banking Entrance
Virgin Money Plans SME Banking Entrance
March 02, 2017  |  B2B Payments

Virgin Money, a U.K. challenger bank, will begin to look towards small businesses to gain new customers. Reports in the Financial Times Wednesday (Mar. 1) said...

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Worldpay Founder To Launch Banking-as-a-Service Disruptor
Worldpay Founder To Launch Banking-as-a-Service Disruptor
March 01, 2017  |  B2B Payments

The U.K. banking industry has seen a slew of new market entrants in the form of “challenger banks,” but one of the latest to enter...

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Financial Advisors Launch Private UK Bank For SMEs
Financial Advisors Launch Private UK Bank For SMEs
January 24, 2017  |  B2B Payments

The financial advisors at deVere Group are launching their own private bank in the U.K. aimed at SMEs and international clientele. The company said Monday...

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