Tag: Challenger Banks
Digital bank Rocker signs deal with Enfuce to be able to...
The challenger bank industry in the Nordics has taken another step forward with Rocker tapping Enfuce, the Finnish FinTech startup, to enable it to issue Visa cards and process payments.
Tom Blomfield no longer a director at Monzo as he transitions...
Monzo co-founder Tom Blomfield has been removed as a director, as part of his transition into a new role and the appointment of TS Anil as the bank’s CEO.
31 investment rounds that show the state of the FinTech industry
From Monzo's seeing its valuation plummet to Checkout.com becoming one of Europe's most valuable FinTechs, the last week has been full of funding rounds that could cause big waves in the sector.
Three challenges facing European challenger banks when they go to the...
From regulatory loops to jump through to massive competition, European challenger banks have many obstacle to overcome if they want to expand across the pond.
New UK neobank Muniy to raise £200,000 on Crowdcube in attempt...
Muniy is the latest challenger bank to come out of the UK, but it promises to offer something new and exciting as part of its new crowdfunding campaign.
Why Madrid-based neobank Bnext is revamping its cashback programme
Founded in 2017, Spanish challenger bank Bnext has revamped its cashback programme in a big way.
OakNorth unveils proprietary COVID-19 credit framework to support commercial lenders
The coronavirus has skewed the old way of rating loans, which is why UK challenger bank OakNorth has developed its COVID Vulnerability Rating (CVR) framework to rate the risk of loans.
Revolut allegedly coerced staff into quitting or being fired
UK challenger bank Revolut is facing accusations of having illegally forced employees to either quit or being fired for underperformance as the FinTech unicorn was looking to cut cost amidst the coronavirus pandemic.
Freelancer banking platform Lili has scored $10m in its seed round
Banking app for freelancers Lili has closed its seed round on $10m to support the expansion of the team.
Monzo to fire 120 people as the neobank continues to struggle...
UK challenger bank Monzo is facing new setbacks as it is reportedly going to cut 120 jobs.