challenger banks

Today in FinTech: Grasshopper Bank Leaps Forward; FinTech Weavr Aims for Simplicity; CaixaBank Talks Ethics, Regs; Airwallex Partners with Plum
Today in FinTech: Grasshopper Bank Leaps Forward; FinTech Weavr Aims for Simplicity; CaixaBank Talks Ethics,...
March 03, 2022  |  Banking

In today’s FinTech news, digital business bank Grasshopper has lined up a new executive team as it launches innovative products and shifts its focus to...

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As SoFi and a Handful of Challenger Banks Grow Up, Traditional Lenders Should Be Nervous
As SoFi and a Handful of Challenger Banks Grow Up, Traditional Lenders Should Be Nervous
February 07, 2022  |  Digital-First Banking

There are challenger banks, and now perhaps there’s everyone else. Over the last several years, there’s been a rise of digital-only firms with little more...

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Neobank Fills Primary Account Need for EU’s ‘Credit Invisibles’
Neobank Fills Primary Account Need for EU’s ‘Credit Invisibles’
February 03, 2022  |  Gig Economy

For a very large population of customers in the United Kingdom who are ‘credit invisible’ — meaning they have little or no credit history with...

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Ex-Google Head’s Neobank INDmoney Raises $75M Series D
Ex-Google Head’s Neobank INDmoney Raises $75M Series D
January 18, 2022  |  Investments

Digital bank and wealth management platform INDmoney raised $75 million in a Series D funding round led by Steadview Capital, Tiger Global and Dragoneer, according...

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Ending The ‘Square Peg, Round Hole’ Small Biz Banking Problem
Ending The ‘Square Peg, Round Hole’ Small Biz Banking Problem
January 18, 2022  |  SMBs

Small business banking suffers from a “square peg, round hole” problem. Michael Rangel, CEO of challenger bank Novo, told PYMNTS’ Karen Webster that small- to...

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Ingo Money: 2021 Was the Year of Issuing
Ingo Money: 2021 Was the Year of Issuing
January 14, 2022  |  Opinion

The changing world of payments in 2021 led to a surge in new accounts, as companies ranging from FinTechs to insurance providers looked for ways...

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Ireland’s Synch Payments Facing Probe From Ireland’s Competition Watchdog
Ireland’s Synch Payments Facing Probe From Ireland’s Competition Watchdog
December 10, 2021  |  International

Ireland’s competition watchdog announced Wednesday (Dec. 8) that is launching a full investigation into Synch Payments, a joint venture by AIB, Bank of Ireland, Permanent...

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Starling Bank Buys Fleet Mortgages In $69.1M Deal
Starling Bank Buys Fleet Mortgages In $69.1M Deal
July 26, 2021  |  Partnerships / Acquisitions

London-based Starling Bank has announced its first acquisition, buying 7-year-old Fleet Mortgages in a cash and share deal worth 50 million pounds, or about $69,114,700....

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Rampant Check Fraud Problem Puts The Challenge In Challenger Banks
Rampant Check Fraud Problem Puts The Challenge In Challenger Banks
July 26, 2021  |  Security & Fraud

What is a bank? Seems like a simple enough question, but in an era of digital-only challenger banks with lofty valuations and purpose-built missions and...

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