Green Dot Eyes Banking-As-A-Service, Gen Z To Build On Q4 Growth $650 billion asset manager Franklin Templeton is embedding data...
A new survey by credit card specialist Fraedom shows that 80 percent of banks believe challengers have impacted their business...
Revolut has partnered with Trussle to offer mortgage loan solutions for its clients; the partnership is the most recent in a series of partnerships for the digital only bank, adding to lending solutions from lenders Lending Works and Bricklane; Trussle will provide a multi-lender service to Revolut customers through technology that can recommend mortgage loans for first time borrowers and suggest alternatives for current borrowers. Source
Europe is leading the global market in challenger banks and also providing examples for the future of banking; as digital banks increasingly gain market share a number of Europe's large banks have announced branch closings including Lloyds, RBS and NatWest; AltFi discusses the ideal bank of the future reporting on the growth of challenger banks and their potential to open physical branch locations. Source
Challenger banks doubled their lending operations to $150bn in 2019 from 2012/13 as they push further into traditional banking lines...
There is no question that challenger banks like Revolut, Monzo and N26 have acquired massive amounts of customers; it leads...
Monzo has set a new Crowdcube record with fundraising from over 6,800 investors in its current fundraising campaign; firm has raised of 2.46 million British pounds ($3.06 million) and is targeting 2.47 million British pounds ($3.07 million); the crowdfunding campaign is part of a broader Series C funding round for 22 million British pounds ($27.37 million) which includes a 19.5 million British pounds ($24.26 million) investment from Thrive Capital, 5 million British pounds ($6.22 million) from Passion Capital and 1.5 million British pounds ($1.87 million) from Orange Digital Ventures; the firm has raised a total of 35 million British pounds ($43.54 million) in growth capital including a funding of 1 million British pounds ($1.24 million) in March of 2016 on Crowdcube. Source
A new report by Facts and Factors Market Research says the challenger bank market could top $500bn by 2027; this...
2019 might prove to be a turning point for challenger banks as they turn towards the next decade with the...
According to a new report from Accenture high street banks face the possibility of losing up to 8 percent of...