Barely a month after it was first announced, it seems as if Yandex's bid to buy Russian neobank Tinkoff in a $5.48bn deal has already come to an end.
The challenger bank for the wealthy Monument has received an authorisation with restriction banking licence from the Prudential Regulation Authority and the Financial Conduct Authority 18 months after its launch.
FinTech startup Jiko has acquired Mid Central National Bank in a deal that is the first of its kind.
After having doubled its losses in the last year, challenger bank Monzo has now announced that it will add two new fees by the end of October.
Singapore-based FinTech Atlantis is launching a challenger bank in India in order to tap into the global $15.7bn millennial banking industry.
The global neobank market is estimated to grow from $20.4bn in 2019 to reach $471bn by 2027, according to a ResearchAndMarkets.com' report.
UK challenger bank Tandem Bank has acquired green lender Allium Lending Group as part of a £60m fundraising deal.