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challenger banks
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2.1KCredit 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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4.7KCredit 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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3.8KDigital 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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2.8KB2B 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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5.1KDigital 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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2.3KDigital 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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6.4KBankingNCR: 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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3.2KCommentaryThe 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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4.7KB2B 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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2.7KB2B 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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5.8KDigital 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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2.9KRegulationPSD2 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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2.9KAlternative 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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3.7KDigital 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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1.4KToday 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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6.1KDigital 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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4.0KInvestmentsThe 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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7.3KPayments 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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5.4KToday 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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6.8KBankingThe 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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5.1KBankingBuilding 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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4.7KB2B 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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5.1KBankingUK 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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11.1KVISAVisa 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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3.3KDigital 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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5.3KBankingDigital 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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4.3KB2B 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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2.6KSizzle/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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4.3KDigital 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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4.6KSecurity & 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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6.7KSecurity & 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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3.5KB2B 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,...
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3.8KBankingFor FI Account Openings, Serving The ‘Segment Of One’
A disconnect looms in financial services, one that can doom relationships between financial institutions (FIs) and customers from the beginning. Studies have...
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UK Challenger Banks Stumble On Stress Tests
Stress tests haven’t been kind to so-called challenger banks in the U.K., according to a Financial Times report. It stated that the...
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2.6KBankingLights Out For Loot?
When businesses get sold, the deals can happen for a variety of reasons. The buyers can be strategic, looking for technology or...
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3.7KRegulationHong Kong Issues More Online Banking Licenses
The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi...
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3.4KInvestmentsMasthaven Gets £60M Equity Investment From Värde Partners
Masthaven, the U.K. specialist bank, and Värde Partners, a global alternative investment firm, announced Wednesday (April 24) the completion of the strategic...
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9.7KDigital BankingChase On Gen Z, Mobile Banking — 10 Years In
With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing...
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6.6KDigital BankingHow Wells Fargo Uses AI, Biometrics To Fight Money Laundering
With fraud attempts continually on the rise around the world, financial institutions have their work cut out for them. They must remain...
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12.9KDigital BankingHow Wells Fargo Uses AI, Biometrics To Fight Money Laundering
Digital banking customers of today aren’t looking for the bank with the newest features — they’re looking for the bank that can...
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6.4KB2B PaymentsStarling Debuts New Business Lending Strategy
U.K. challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the...
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7.7KInvestmentsChime Valued At $1.5B After Capital Raise
Chime, the challenger bank based in the U.S., now has a valuation of $1.5 billion after raising $200 million in venture funding....
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4.0KAuthenticationA Brazilian Challenger Bank’s Smartphone-First Approach To Onboarding And Authentication
Frustrations with traditional Brazilian bank incumbents have given rise to new digital challenger offerings that are more in sync with the digital...
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29.6KAuthenticationBoosting Access To Financial Services In Brazil
As fraudsters get more brazen and inventive in the digital information ecosystem, many companies are realizing they can’t thwart these bad actors...
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7.9KDigital BankingDeep Dive: How Challenger Banks Navigate Licensing Obstacles
Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be...
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9.1KB2B PaymentsControversy Hits RBS’ $1B Fund To Boost Bank Competition
The U.K. government’s mandate that the Royal Bank of Scotland (RBS) allocate about $1 billion for a fund intended to give a...
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7.1KB2B PaymentsChallenging The Truths Of Small Business Banking
The small business (SMB) banking sector continues to endure seismic disruption from many angles. In the U.K., regulators are cracking down on...
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7.6KDigital BankingHow Argentina’s Wilobank Brings Financial Services To Unbanked Populations
In Latin America, where roughly 70 percent of the population is unbanked due to traditional banks’ stringent KYC requirements, digital-only challenger banks...
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10.1KDigital BankingDigital Challengers Are Closing Argentina’s Banking Gap
Challengers. Neobanks. Upstart institutions. Alternative banks. These newcomers to the financial services landscape go by many names, and have gained popularity, especially...
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5.6KB2B PaymentsUK’s Newest Challenger Bank Diaspora Eyes Trade Finance
Yet another challenger bank is slated to launch in the U.K. Diaspora, based in London, has trade finance at the center of...
