Tag: Neobanks
Canadian Incumbent banks dominate the app market with 87% share of...
Canadian Incumbent banks have a firm grip on the Canadian banking market with only a small number of Canadians choosing neobanks as of April...
Mexican incumbent bank downloads increase 30% outpacing neobanks in 2024
Combined Mexican banking downloads reached 57m in April 2023 – April 2024, a 23% increase YoY. Incumbent banks dominated and saw a combined 39.9m...
Mercury personal revolutionises consumer banking for tech savvy entrepreneurs
Mercury, a leading FinTech company used by over 100,000 startups for business banking, has now ventured into consumer banking with its new offering, Mercury Personal.
Combined Singaporean banking app downloads increase 37% in 2023 YoY
Singaporean banking apps have seen a continued increase in downloads with 3.6m downloads in 2023, a 37% increase from 2022. Incumbents recorded the majority...
Combined French banking app downloads increase 31% in 2023 YoY
Combined French banking app downloads reached a total of 73m downloads by the end of 2023, that’s 24% higher than Germany’s total banking app...
FinTech valuations rebound quicker than the broader market in Q2 2023
According to PitchBook, the stock prices of public FinTech companies have shown a quicker recovery than the broader market. In the second quarter, these...
The Top 10 most well-funded Neobanks in France have attracted a...
French neobanks may face challenges in staying competitive due to their close association with incumbent banks like Boursorama Banque and Société Générale. While these...
UK Incumbent bank remain top of app download charts but challengers...
Key mobile banking download stats as of June 1st 2023:
• Revolut was the most downloaded mobile banking app in 2022 with 3.31m downloads
• Combined...
Why sanctions screening is crucial for FinTechs
Following the invasion of Ukraine, financial institutions have seen a tidal wave of sanctions. Implementing strong sanctions screening tools enables FinTechs and neobanks to bolster their market reputation.
FinTech Farm herds $7.4m in seed funding raise
London-based firm FinTech Farm has secured $7.4m from a seed funding round co-led by Flyer One Ventures and Solid.