Sections
challenger banks
-
2.0KFintech InvestmentsEuropeans Trust Mobile Banks Over Traditional FIs
Millions of customers across Europe are placing their money with challenger banks over traditional financial institutions. According to The New York Times,...
-
1.7KInvestmentsMoney Transfer Co Monese Raises $60M For Global Expansion
Monese, the U.K. bank challenger, announced on Wednesday (Sept. 6) that it has secured $60 million in venture funding. According to a...
-
2.8KB2B PaymentsBanks, FinTech Firms Ready To Compete For RBS Funds
Royal Bank of Scotland (RBS), which has been ordered to dole out more than $1 billion to industry competitors, is ready to receive...
-
1.9KDigital BankingMonzo Extends Its Bank Accounts To UK Residents Aged 16, 17
Monzo, the digital bank, announced Monday (Aug. 6) that it is making its bank accounts open to anyone in the U.K. between...
-
3.0KB2B PaymentsClearBank Agrees To Open Account For Crypto Exchange
U.K. bank ClearBank has reportedly agreed to open up an account for a cryptocurrency exchange, according to unnamed sources, as reported by...
-
2.8KEuropeLendix Notches $37M Amid European Expansion
After raising $37 million in a funding round backed by investors such as Idinvest and Allianz, French lending platform Lendix is eyeing...
-
3.7KStartupsTencent And Allianz Invest $160M Into Mobile Banking Startup
As it builds a retail bank from the ground up, N26 has notched $160 million in a Series C funding round led by...
-
9.4KDigital BankingNEW DATA: Why 100% Of Mid-Sized FIs Fail To Climb The Innovation Curve
Mid-sized financial institutions looking to stay competitive could learn a thing or two from both their larger and smaller counterparts. Because when...
-
2.8KBankingRegulators In No Rush To Change Rules For FinTechs
It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. According to Reuters, traditional...
-
3.8KStartupsDigital Bank-Backed Azlo Readies For Debut
Banco Bilbao Vizcaya Argentaria S.A (BBVA)-backed U.S. digital banking startup Azlo is poised to open its digital doors this week, coming out...
-
3.2KB2B PaymentsTapping Into The Goldmine Of Freelancers’ Financial Data
The EU’s PSD2 and Open Banking in the U.K. have shone a massive spotlight on the role of API technology in banking...
-
6.4KBank RegulationStates Press Regulators To Simplify FinTech Licensing
Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline”...
-
3.3KB2B PaymentsThe Self-Employed’s Struggle To Not Get Left Behind By Challenger Banks
Small businesses (SMBs) have no problem airing their grievances against big banks. Researchers from CivilisedBank released data last month that found nearly...
-
4.3KPartnerships / AcquisitionsMoven To Buy US Bank, Create Joint Venture In Japan With SBI
Mobile-first bank Moven has signed a memorandum of understanding (MoU) with financial services provider SBI Group, the Japanese owner of SoftBank. According...
-
2.8KB2B PaymentsAnother SMB Challenger Bank Hits The UK Market
The U.K.’s financial services market is expanding, with FinTechs — dubbed challenger banks — rivaling traditional financial institutions (FIs). This week, the industry got...
-
3.7KB2B PaymentsNo Easy Fix For Freelancers’ FinServ Needs — Even With PSD2
A few bank scandals and research highlighting smaller companies’ frustrations with traditional financial institutions (FIs) have ushered in a wave of challenger...
-
2.3KB2B PaymentsChallenger Banks Penta, Arro Debut Small Business Accounts
Two challenger banks in the European Union — U.K.-based Arro and Germany-based Penta — both announced Tuesday (Dec. 12) that their small- and...
-
6.9KBankingDeutsche Bank Learns To Compete Beyond Banks
Deutsche Bank’s chief executive is concerned about more than competing with other banks. In fact, he revealed that the company spends most...
-
7.5KPayment MethodsOpen Banking And The Consumer Data Conundrum
PSD2 looms, and so does a new era of data sharing. Opt-ins will replace opt-outs, and for U.K. startup Tail, open banking...
-
5.8KDigital BankingFor Challenger Digital Banks, It’s Game On
Game on. That’s the message U.K. challenger Atom Bank has for competitors, as it seeks to reinvent banking with lessons taken from...
-
5.6KDigital BankingNEW REPORT: Atom Bank Turns To Gaming To Disrupt Digital Banking
New players on the banking scene are bringing a host of changes to the industry. But in some cases, these disruptions are...
-
2.7KBankingIn Land Of Free Banking Apps, Red Ink And Investor Support Only Go So Far
Upstarts are trying to eat traditional banks’ lunch, especially in Europe. But the field is a crowded one, awash in red ink. Will...
-
4.7KB2B PaymentsCompetition Begins To Boil For Challenger Banks
The U.K.’s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. Market entrants are looking...
-
3.4KB2B PaymentsSME Bank Switching Effort May Backfire, Says Critic
Plans by the U.K. Competition and Markets Authority (CMA) to boost banking competition by facilitating bank switching for small and medium-sized enterprises...
-
4.6KB2B PaymentsNew UK Challenger Bank Hints At Corporate Strategy
Several so-called “challenger banks” have popped up in the U.K. in recent years, with smaller financial institutions looking to promote competition in...
