Sections
challenger banks
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2.0KDigital 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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3.2KBankingDigital 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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2.8KB2B 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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2.0KSizzle/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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2.9KDigital 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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3.5KSecurity & 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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5.6KSecurity & 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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2.6KB2B 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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3.2KBankingFor 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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2.1KBankingLights 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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2.9KRegulationHong 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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2.7KInvestmentsMasthaven 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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8.8KDigital 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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5.3KDigital 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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11.2KDigital 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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5.5KB2B 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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6.1KInvestmentsChime 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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3.3KAuthenticationA 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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29.1KAuthenticationBoosting 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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6.4KDigital 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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7.7KB2B 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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6.4KB2B 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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6.2KDigital 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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9.3KDigital 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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4.2KB2B 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...
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4.3KB2B PaymentsSMB Challenger Banks A Hot Spot With VCs
The U.K. challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small...
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3.8KFintech 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,...
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3.4KInvestmentsMoney 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...
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5.2KB2B 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...
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5.2KDigital 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...
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5.2KB2B 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...
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4.2KEuropeLendix 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...
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4.9KStartupsTencent 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...
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10.8KDigital 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...
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3.7KBankingRegulators 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...
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5.2KStartupsDigital 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...
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4.1KB2B 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...
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8.8KBank 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”...
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4.5KB2B 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...
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5.8KPartnerships / 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...
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3.9KB2B 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...
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4.5KB2B 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...
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3.0KB2B 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...
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7.5KBankingDeutsche 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...
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8.3KPayment 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...
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7.6KDigital 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...
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6.8KDigital 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...
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3.2KBankingIn 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...
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5.6KB2B 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...
