challenger banks

UK Challenger Bank Zopa Reaches £2B Deposits Mark
UK Challenger Bank Zopa Reaches £2B Deposits Mark
August 25, 2022  |  Digital-First Banking

U.K. challenger bank Zopa reported Thursday (Aug. 25) that its deposits now total more than £2 billion, driven by its offer to help customers do...

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UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
July 28, 2022  |  Digital-First Banking

Financial transaction records can act as important evidence when securing a loan or mortgage, and U.K. banks are legally obliged to provide this information to...

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Upgrade Offers OneCard for Single Platform Budgeting, Rewards
Upgrade Offers OneCard for Single Platform Budgeting, Rewards
July 27, 2022  |  Banking

Challenger bank Upgrade is launching OneCard, a new product that provides users with a single card for daily expenses and making payments over time. “When...

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Stripe, SoFi and Robinhood Alums Launch Gen Z Neobank Uprise
Stripe, SoFi and Robinhood Alums Launch Gen Z Neobank Uprise
July 13, 2022  |  Digital-First Banking

Uprise, a FinTech which aims to help Gen Z manage money in a “digital family office,” has launched after raising $1.4 million in a seed...

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EMEA Neobank Weekly: Newcomers Seek to Differentiate as UK Grants Fresh Licenses
EMEA Neobank Weekly: Newcomers Seek to Differentiate as UK Grants Fresh Licenses
July 03, 2022  |  Banking

In this week’s EMEA neobank news, the U.K is set to get two new neobanks as both Ashman and Kroo are granted licenses. Ashman has...

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Crypto Capabilities Bring Engagement, Revenue and New Users to Neobanks
Crypto Capabilities Bring Engagement, Revenue and New Users to Neobanks
June 29, 2022  |  Cryptocurrency

By the end of the year, more than half of the 10 largest neobanks will be offering clients cryptocurrency products. So said Mark Daly, vice president...

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UK Digital Bank Starling Hits £2.5B Valuation
UK Digital Bank Starling Hits £2.5B Valuation
April 26, 2022  |  Digital-First Banking

U.K. digital bank Starling has seen its valuation double to over £2.5 billion ($3.15 billion), the Financial Times reported Tuesday (April 26). Starling is reportedly...

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Revolut Looks to Expand to Crypto Wallets, Mortgages
Revolut Looks to Expand to Crypto Wallets, Mortgages
April 26, 2022  |  Digital-First Banking

Banking app Revolut wants to expand into the mortgage sector and cryptocurrency wallets, the company’s chief executive said Tuesday (April 26). According to Reuters, Revolut...

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Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success
Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success
March 29, 2022  |  Regulation

The U.K. is widely considered a leader in the implementation of open banking, the regulation mandated by the European Union’s Revised Payment Services Directive (PSD2)...

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