What started six years ago as a pre-paid debit card making it easy for customers to use their debit card anywhere in the world, in whichever currency they like, has evolved into a billion-dollar challenger bank that is now worth more than 53-year-old NatWest, one...
Five years ago, U.S. Bank created a dedicated FinTech unit designed to find emerging companies that can help the bank improve its customers’ digital and mobile experiences. On Thursday (Aug. 26), U.S. Bank said it was taking things a few steps further, becoming a limited...
It’s been more than a decade since the boom of neo and challenger banks stepping into the market to fill the biggest service gaps left by FI giants. Generally considered more nimble and digital-friendly than legacy banks, challengers have injected a much-needed dose of technological...
Middle-class consumers are feeling that they’re getting the short end of the stick when it comes to their relationships with traditional banks, Brian Hamilton, co-founder and CEO at One, told Karen Webster in a recent conversation. For example, his firm’s research found that some 57...
October 01, 2020
Middle-class consumers are feeling that they’re getting the short end of the stick when it comes to their relationships with traditional banks, Brian Hamilton, co-founder and CEO at One, told Karen Webster in a recent conversation. For example, his firm’s research found that some 57 percent of customers are pretty sure they aren’t getting the […]
June 17, 2020
The shift to Digital 3.0 will include sports — in fact it will have two business models. One will be live gaming with teams competing for cash and prizes in...
March 13, 2020
The era of “challenger” banks has seen many grand promises in terms of innovating on the old banking model to provide consumers with something more modern, responsive and customized. But...
December 13, 2019
There was no lack of action in the wild world of payments and commerce this week. In the running toward things column, there was German challenger bank N26’s big push into...
February 20, 2024
Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. The digital bank, which currently has over nine million U.K. personal current account customers, is in discussions with investors to raise fresh funds, according to The Financial Times. Top investors such as Index and General Catalyst are said […]
August 26, 2021
Five years ago, U.S. Bank created a dedicated FinTech unit designed to find emerging companies that can help the bank improve its customers’ digital and mobile experiences. On Thursday (Aug....
June 24, 2020
Zopa, the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial Times reported. “We never thought...
May 15, 2020
London FinTech unicorn Monzo is closing in on a new funding round as it faces a near 40 percent drop in valuation due to coronavirus pandemic economic fallout, according to...
