Tag: Challenger Banks

FinTech report reveals new wave of scaled winners as profitability surges

The FinTech industry has reached a major inflection point, with a new class of scaled leaders emerging, according to the latest Global Fintech Report...

Firenze teams up with Monument Bank in £160m deal to democratise...

Firenze, a fast-growing FinTech specialising in Lombard lending for wealth managers, has entered into a strategic partnership with Monument Bank, the UK’s first challenger bank dedicated to the mass-affluent segment.

Regulatory pressure intensifies for digital banks amid rising scrutiny

Amid the rapid evolution of banking, digital-first banks like Starling and Metro Bank are facing increased regulatory scrutiny, particularly around AML controls. According to Corlytics,...

Neobanks and AML compliance: Building robust programs in the digital age

Neobanks have reshaped the banking landscape, boasting a customer base jump from 7.7m in 2018 to nearly 20m by the end of 2019 in the UK alone.

Average FinTech deal size in South America jumped 2.5x in first...

Key South American FinTech investment stats in H1 2024: South American deal activity for H1 2024 dropped by 59% in YoY comparison Average deal...

Combined Brazilian banking app downloads almost reach 1bn from 2017 –...

Combined Brazilian banking app downloads reached a total of 860m since January 2017 with incumbent banks having a slight edge over challengers with 441m...

Judo Bank and Backbase team up to amplify digital SME banking...

Judo Bank, Australia's pioneering challenger bank with a distinct focus on serving SMEs, has joined forces with Backbase, a renowned provider of the Engagement Banking Platform (EBP).

Cynergy Bank locks in £20m facility from British Business Investments

Cynergy Bank has proudly announced its acquisition of a £20m Tier 2 capital facility from British Business Investments.

What is the future for bundling in financial services?

A report by cross-border payments firm Currencycloud has examined the recent and future trends related around bundling in financial services.

Challenger bank lending continues to climb with 11% uptick in 2020

Research by accountancy and advisory business BDO has found lending by challenger banks in 2020 reached a record high of £143bn – a hike of 11% on 2019.

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