Tag: Challenger Banks

Starling Bank has raised an additional £30m but still has fever...

UK challenger bank Starling Bank has raised an additional £30m as it is closing in on its one millionth customer.

The global challenger bank market could be worth $394.64bn by 2025

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.

How Kuda Bank aims to change the banking ecosystem in emerging...

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.

What has been happening in the world of challenger banks this...

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.

UK digital banks’ sales expected to treble in the next year

Despite Brexit and concerns about their long-term profitability, UK-based challenger banks seem set to grow their sales in 2019.

Monzo discovers security flaw, asks some customers to change card numbers

Monzo, a UK-based challenger bank, has requested half a million of its customers change their card PIN, after identifying a security flaw.

UK neobank revverbank signs deal with Finastra to power its core...

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.

Challenger bank Atom has raised a £50m fundraising round to scale...

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.

Challenger bank Monzo signs partnership with AXA Partners

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.

Indian online lending marketplace Namaste Credit is becoming a neobank

Namaste Credit is joining the digital banking revolution by announcing plans to turn the online lending marketplace, into a “fully-fledged digital-only bank” for micro, small and medium-sized enterprises.

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