Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be time-consuming, and comes...
The U.K. government’s mandate that the Royal Bank of Scotland (RBS) allocate about $1 billion for a fund intended to give a financial boost to...
The small business (SMB) banking sector continues to endure seismic disruption from many angles. In the U.K., regulators are cracking down on big bank misconduct...
In Latin America, where roughly 70 percent of the population is unbanked due to traditional banks’ stringent KYC requirements, digital-only challenger banks see an opportunity...
Challengers. Neobanks. Upstart institutions. Alternative banks. These newcomers to the financial services landscape go by many names, and have gained popularity, especially among younger users,...
Yet another challenger bank is slated to launch in the U.K. Diaspora, based in London, has trade finance at the center of its operations as...
The U.K. challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial...
U.K. challenger bank Countingup is adding invoicing services to its suite of offerings for small and medium-sized businesses (SMBs), the company announced Wednesday (Jan. 9)....