challenger banks

Digital Challengers Are Closing Argentina’s Banking Gap
Digital Challengers Are Closing Argentina’s Banking Gap
February 20, 2019  |  Digital Banking

Challengers. Neobanks. Upstart institutions. Alternative banks. These newcomers to the financial services landscape go by many names, and have gained popularity, especially among younger users,...

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UK’s Newest Challenger Bank Diaspora Eyes Trade Finance
UK’s Newest Challenger Bank Diaspora Eyes Trade Finance
February 18, 2019  |  B2B Payments

Yet another challenger bank is slated to launch in the U.K. Diaspora, based in London, has trade finance at the center of its operations as...

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SMB Challenger Banks A Hot Spot With VCs
SMB Challenger Banks A Hot Spot With VCs
February 15, 2019  |  B2B Payments

The U.K. challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial...

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Europeans Trust Mobile Banks Over Traditional FIs
Europeans Trust Mobile Banks Over Traditional FIs
September 24, 2018  |  Fintech Investments

Millions of customers across Europe are placing their money with challenger banks over traditional financial institutions. According to The New York Times, favorable regulations in...

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Money Transfer Co Monese Raises $60M For Global Expansion
Money Transfer Co Monese Raises $60M For Global Expansion
September 06, 2018  |  Investments

Monese, the U.K. bank challenger, announced on Wednesday (Sept. 6) that it has secured $60 million in venture funding. According to a company blog post,...

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Banks, FinTech Firms Ready To Compete For RBS Funds
Banks, FinTech Firms Ready To Compete For RBS Funds
August 22, 2018  |  B2B Payments

Royal Bank of Scotland (RBS), which has been ordered to dole out more than $1 billion to industry competitors, is ready to receive applications for the...

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Monzo Extends Its Bank Accounts To UK Residents Aged 16, 17
Monzo Extends Its Bank Accounts To UK Residents Aged 16, 17
August 06, 2018  |  Digital Banking

Monzo, the digital bank, announced Monday (Aug. 6) that it is making its bank accounts open to anyone in the U.K. between the ages of...

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ClearBank Agrees To Open Account For Crypto Exchange
ClearBank Agrees To Open Account For Crypto Exchange
June 18, 2018  |  B2B Payments

U.K. bank ClearBank has reportedly agreed to open up an account for a cryptocurrency exchange, according to unnamed sources, as reported by Reuters on Friday...

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Lendix Notches $37M Amid European Expansion
Lendix Notches $37M Amid European Expansion
June 04, 2018  |  Europe

After raising $37 million in a funding round backed by investors such as Idinvest and Allianz, French lending platform Lendix is eyeing expansion in Europe....

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