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challenger banks
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Credit UnionsNew Report: Aiding Pandemic-Related Financial Hardships Key To Credit Union Member Loyalty
Credit union (CU) members are traditionally loyal, but the accelerated shift to digital banking amid the pandemic has led a growing number...
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Cloud BankingN26: Cloud-Banking Core Key To Meeting Consumers’ Mobile Banking Needs
Financial institutions (FIs) worked quickly to ensure they could operate smoothly as the pandemic kept consumers at home and closed brick-and-mortar branches...
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NewsThis Week In Payments: Digital Banking, Financial Literacy And Expanded eCommerce Competition
The world of payments and commerce continues to be a very busy place as the world reopens for business and consumers emerge...
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Digital BankingWill Credit Sesame’s Digital Banking Push STACK Up?
The challenger bank space is having a bit of a moment. LendingClub is buying Radius Bank. Green Dot is using the bank...
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Digital BankingPandemic Leveling Playing Field Between Banks And FinTechs?
The battle between traditional financial institutions (FIs) and tech-nimble FinTech challengers has been a pitched one. As marquee names like Morgan Stanley,...
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Credit UnionsCredit Unions’ Bid To Bridge The Challenger Bank Perception-vs.-Reality Gap
In the battle against digital challenger banks, credit unions (CUs) may be facing a bit of a perception/reality gap — and losing...
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Digital PaymentsFIs: Build For A Digital Future Or Lose Customers
The degree to which consumers’ lives have gone digital over the past two or three months can’t be overstated. Vaduvur Bharghavan, president...
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B2B PaymentsPayroll Gears Up To Leapfrog Into APIs, Faster Payments
Centuries-old banks have been operating on decades-old infrastructure, leaving many traditional financial institutions (FIs) to stand idle and offer little in the...
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Cloud BankingDeep Dive: Legacy Banks And The Infrastructure Stumbling Blocks Keeping Them From The Cloud
An expanding number of challenger banks have eschewed the industry’s traditionally slow and steady innovation approach. These banks are offering digital or...
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Cloud BankingWhy Bunq Banks On The Cloud For An Innovative Edge
Nine out of 10 banks still rely on old-school mainframe systems for their core needs, a technological challenge that can result in...
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Cloud BankingWhat Legacy FIs Miss About The Need For Cloud-Based Infrastructure
Financial institutions (FIs) have been adapting their platforms and technologies to better suit the needs of more digital consumers for decades, but...
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Digital-First BankingFIs Or FinTechs: Who Will Power Banking’s Big Digital Shift?
The pandemic has accelerated the digital roadmap for everyone in financial services, giving rise to more innovation in the past few months...
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Credit UnionsCredit Unions Size Up Challenger Banks
The pandemic has been a moment of truth, a reckoning of sorts, for businesses that were not on firm digital footing when...
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Digital-First BankingWhat Banking’s ‘Wave Three’ Might Look Like
There is a long-running debate in the world of traditional banking when it comes to how to consider the recent rise of...
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Credit UnionsNEW DATA: How Credit Unions Fare Against Challenger Banks
Brick-and-mortar presence used to give credit unions (CUs) a competitive edge over digital-only challenger banks. PYMNTS research shows that 41.5 percent of...
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BankingGreen Dot and the Changing (Digital) Face of Banking
If the landscape of how we bank is changing – toward digital-first firms, of course – the question arises: Just what is a...
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B2B PaymentsSmall Businss Banking Secures New FinTech Unicorn
There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised....
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B2B PaymentsChallenger Banks Raise The Stakes (And The Cash)
With $68 million in combined venture capital funding, this week’s B2B FinTech investments are certainly not the highest they’ve been, but considering...
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Credit UnionsInnovation Is Key to Credit Union Survival
Credit union (CU) members are known for loyalty to these financial affinity groups, but that loyalty is being tested. The 2020 Credit...
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Credit UnionsNEW DATA: The Innovations Credit Union Members Need To Stick, Not Switch
Credit unions (CU) members have a reputation of being loyal to their financial institution (FI) — and not without reason. CU members,...
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Digital BankingChallenger Bank Aion Launches In Belgium With Subscription Model
New subscription-only bank Aion is launching in Belgium, and it wants customers to be able to get the most out of their...
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B2B PaymentsRBS Fund Takes Back £50M From Metro Bank
After Metro Bank recently pulled back from plans to expand and decided to move away from lending for mortgages, the bank said it...
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Digital BankingChallenger Bank Battle In Full Swing In UK
In banking, in the jockeying and jousting for consumers’ attention (and deposits, of course), will it be a case of anarchy in...
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Digital BankingDigital Banking Apps Vs The Establishment
Dubbed “challenger banks” for shaking up the status quo of banking as we’ve always known it, digital banks with awesome apps are...
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BankingNCR: How FIs Can Triumph Over the Challenger Bank Challenge
For traditional financial institutions (FIs), especially smaller FIs and credit unions (CUs), the age of disruption is here. Digital banks are poised...
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CommentaryThe Week In Payments: China, China, Challenger Banks And Bitcoin
If there were a theme in the big headlines this week in payments, financial services and commerce, it would have been movement....
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B2B PaymentsChallenger Bank Praxia Fails In Greece
Greek challenger bank Praxia, founded by British-American banker and former Barclays CEO Bob Diamond, will be sold to payments processor Viva Wallet...
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B2B PaymentsB2B Neobank Qonto Gets $115M In Series C Round
Qonto, a French startup Neobank that caters to B2B clients, has raised $115 million in a Series C funding round led by...
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Digital BankingGoogle Pay Co-founders’ Indian Neobank Has Raised $13.2M
Two co-founders of Google Pay in India have raised $13.2 million in a Seed funding round for its neo-bank epiFi, led by...
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RegulationPSD2 And The Turkish Banking Opportunity
FinTechs see PSD2 as an opportunity to get a leg up with legacy banks. That will be tough in Turkey, where banks...
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Alternative FinancesAfter The Disruption: Alt-Banking Goes Straight, Chases Bad Guys
As alt-banking matures and FinTechs mushroom, challenger banks are losing their cool “disruptor cred” and blending into the banking landscape. Not as...
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Digital BankingDeep Dive: How The Challenger Bank Technology Gap Is Helping Fraudsters
Fraudsters are approaching their less-than-ethical business models with healthy work ethics. Headlines are filled with reports of service outages and data breaches,...
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Today In DataHow Used Cars And Sales Taxes Are Building The Digital Future
Can digital technology really take the hassle out of used car sales – and compete with dealerships and lots? Is there a...
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Digital BankingInside N26’s Strategy To Win US Customers
Challenger banks with a couple of operating years behind them are beginning to get a taste of the problems they handed to...
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InvestmentsThe Venture Investing Road Less Traveled: Funding Enablers, Not Challengers
High-flying tech unicorns have been brought to earth. Venture capital dollars chase Neobanks and alternative credit companies. Commerce Ventures Founder Dan Rosen tells...
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Payments InnovationDoes ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?
Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and...
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Today In DataHow ‘Ghosts’ And Visuals Build Better Commerce Ecosystems
“Ghost” kitchens are changing the food delivery game as shopping embraces better visual technology. Challenger banks have a hard, but increasingly clear,...
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BankingThe Challenges Challenger Banks Must Overcome To Compete
Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new...
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BankingBuilding A Challenger Bank That Actually Challenges Traditional Banking
There are several reasons why consumers might complain about the services provided by their traditional banks. Perhaps the worst, HM Bradley CEO...
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B2B PaymentsChina B2B FinTech Nabs The Venture Capital Spotlight
U.K. challenger banks Tide and Starling Bank ramped up their competition once again as the two rivals each announced new funding. Yet,...
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BankingUK Challenger Banks Struggle To Compete
Challenger banks in the U.K. are having a hard time competing with the country’s big four financial institutions. While challengers such as...
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VISAVisa Powers Revolut’s Global Expansion Into 24 New Markets
“There is nothing new under the sun.” Human beings have been saying the above, or some variation on it, for approximately three...
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Digital BankingHow Challenger Banks Are Giving Legacy Players Key Opportunities
Challenger banks are pushing traditional banks to reboot their customer experience. In the latest Digital Banking Tracker, Jamie Warder, head of digital...
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BankingDigital Banking And Branches Not An Either/Or Proposition
Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul...
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B2B PaymentsRevolut Taps Xero For SMB Expense Offering
Challenger bank Revolut is launching a new product for its small business customers. The U.K. company announced in a blog post on...
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Sizzle/FizzleAre Chinese Tech Stocks Set For Fizzle?
A trade war tariff reprieve does not a sustainable rally make, at least not for Chinese tech stocks. However, the news Thursday...
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Digital BankingChallenger Banks Raise Record Funds To Take On Traditional FIs
Digital challenger banks are hoarding money to take on traditional banking competitors and have raised a total of $2 billion from eager...
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Security & FraudWhy N26 Is Keeping Fraud Top Of Mind In The US Market
Meeting a consumer’s banking needs requires FIs to think locally — but when it comes to fighting fraud, it pays to think...
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Security & FraudInside N26’s Fraud Protection Strategy
Fraudsters are muscling their way into new territories when it comes to how they approach consumers for their personal information. As such,...
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B2B PaymentsA New Divide In Business Banking?
The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance,...
