Tag: Challenger Banks
UK challenger bank Starling Bank has raised an additional £30m as it is closing in on its one millionth customer.
New research estimates that the global challenger bank market will be grow by a compound annual growth rate of 46.5% between 2019 and 2025.
Kuda Bank is contributing to the change of the “status quo” in Nigeria’s banking sector by giving consumers the “accessible, affordable, and rewarding” financial services they deserve.
Challenger banks could be seen as one of the main figure heads for the FinTech sector, and the sector has been growing at an accelerated rate.
Despite Brexit and concerns about their long-term profitability, UK-based challenger banks seem set to grow their sales in 2019.
Monzo, a UK-based challenger bank, has requested half a million of its customers change their card PIN, after identifying a security flaw.
Regional challenger bank revverbank has selected Finastra’s Fusion Essence solution to power its end-to-end core banking capabilities and ensure the FinTech company’s scalability.
Mobile-only bank Atom has closed a £50m fundraising round. The round saw money injected from financial security investment company Banco Bilbao Vizcaya Argentaria (BBVA), hedge fund Toscafund and Woodford Patient Capital Trust as well as funds advised by Perscitus.
The UK unicorn Monzo has bagged a new partnership with insurer AXA Partners to offer the digital-only bank’s customer better travel insurance options.
Namaste Credit is joining the digital banking revolution by announcing plans to turn the online lending marketplace, into a â€œfully-fledged digital-only bankâ€ for micro, small and medium-sized enterprises.