challenger banks

Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success

Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success
Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success
March 29, 2022  |  Legal & Regulation

The U.K. is widely considered a leader in the implementation of open banking, the regulation mandated by the European Union’s Revised Payment Services Directive (PSD2)...

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Today in FinTech: Grasshopper Bank Leaps Forward; FinTech Weavr Aims for Simplicity; CaixaBank Talks Ethics, Regs; Airwallex Partners with Plum
Today in FinTech: Grasshopper Bank Leaps Forward; FinTech Weavr Aims for Simplicity; CaixaBank Talks Ethics,...
March 03, 2022  |  Banking

In today’s FinTech news, digital business bank Grasshopper has lined up a new executive team as it launches innovative products and shifts its focus to...

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As SoFi and a Handful of Challenger Banks Grow Up, Traditional Lenders Should Be Nervous
As SoFi and a Handful of Challenger Banks Grow Up, Traditional Lenders Should Be Nervous
February 07, 2022  |  Banking

There are challenger banks, and now perhaps there’s everyone else. Over the last several years, there’s been a rise of digital-only firms with little more...

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Neobank Fills Primary Account Need for EU’s ‘Credit Invisibles’
Neobank Fills Primary Account Need for EU’s ‘Credit Invisibles’
February 03, 2022  |  Gig Economy

For a very large population of customers in the United Kingdom who are ‘credit invisible’ — meaning they have little or no credit history with...

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Ex-Google Head’s Neobank INDmoney Raises $75M Series D
Ex-Google Head’s Neobank INDmoney Raises $75M Series D
January 18, 2022  |  Investments

Digital bank and wealth management platform INDmoney raised $75 million in a Series D funding round led by Steadview Capital, Tiger Global and Dragoneer, according...

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Ending The ‘Square Peg, Round Hole’ Small Biz Banking Problem
Ending The ‘Square Peg, Round Hole’ Small Biz Banking Problem
January 18, 2022  |  SMBs

Small business banking suffers from a “square peg, round hole” problem. Michael Rangel, CEO of challenger bank Novo, told PYMNTS’ Karen Webster that small- to...

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Ingo Money: 2021 Was the Year of Issuing
Ingo Money: 2021 Was the Year of Issuing
January 14, 2022  |  Opinion

The changing world of payments in 2021 led to a surge in new accounts, as companies ranging from FinTechs to insurance providers looked for ways...

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Ireland’s Synch Payments Facing Probe From Ireland’s Competition Watchdog
Ireland’s Synch Payments Facing Probe From Ireland’s Competition Watchdog
December 10, 2021  |  Cross-border Payments

Ireland’s competition watchdog announced Wednesday (Dec. 8) that is launching a full investigation into Synch Payments, a joint venture by AIB, Bank of Ireland, Permanent...

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