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Challenger Banks

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Payments

In Neobanking “The Pace of Technological Change Is Relentless”: Keabank’s CEO

  • Mark Berkovich explains how blockchain and crypto are reshaping the future of neobanks.
  • He sees compliance not as a barrier, but “as a foundation for building trust.”
Tuesday, 22/10/2024 | 10:47 GMT by Damian Chmiel
FinTech

Monument Bank Hits £3 Billion Milestone, Eyes Affluent Market

  • The last £1 billion in deposits was raised in under two months.
  • The UK challenger bank doubled its client base in under six months.
Wednesday, 17/07/2024 | 09:14 GMT by Damian Chmiel
FinTech

Monzo's Valuation Poised to Hit £4 Billion in Latest Capital Raise

  • The challenger bank's upcoming funding could hit £350 million.
  • Despite the fintech investment dip, Monzo defies the trend with a new hefty round.
Tuesday, 20/02/2024 | 11:37 GMT by Damian Chmiel
Retail FX

N26 Steps into Trading Arena with New Stock, ETF Features

  • The neobank introduces stock and ETF trading starting in Austria with low fixed fees.
  • The service currently offers fractional shares and over 100 ETFs.
Wednesday, 17/01/2024 | 10:11 GMT by Damian Chmiel
Retail FX

Neobank bunq Surpasses Nine Million Users across Europe

  • Dutch bunq has accumulated over €4.5 billion in deposits.
  • The company is introducing cashback and savings interest in multiple currencies.
Wednesday, 19/07/2023 | 08:33 GMT by Damian Chmiel
FinTech

Revolut Suffers Another Valuation Hit as Molten Ventures Cuts Stake by 40%

  • Schroeder in April made a cut of 46% to its stake in the challenger bank.
  • Revolut recently reported its first full year of profit.
Thursday, 15/06/2023 | 15:26 GMT by Solomon Oladipupo
FinTech

Starling Bank Achieves Sixfold Revenue Jump, CEO to Leave

  • Pre-tax profit reached £195 million in FY2023.
  • Customer deposits rose and reached £10.6 billion.
Thursday, 25/05/2023 | 09:58 GMT by Damian Chmiel
Education Center

The Impact of Digital Wallets on Traditional Banking and Financial Institutions

  • Can digital wallets take over?
Tuesday, 23/05/2023 | 15:56 GMT by FM Contributors
FinTech

Allianz Sells N26 Stake, Neobank Valuation Drops by $6 Billion in Two Years

  • Allianz SE subsidiary seeks to sell a 5% stake in the German neobank at a significant discount.
  • The valuation was slashed to $3 billion from $9 billion achieved in 2021.
Wednesday, 19/04/2023 | 08:06 GMT by Damian Chmiel
Executives

Neobank N26 Onboards Three Women for Executive Roles

  • The neobank has hired a new Brand Marketing VP, Digital Marketing Director and Labor Relations Director.
  • The new appointments include Carine van der Heijden, Kertu-Liina Lehismae and Nicole Heider
Tuesday, 18/04/2023 | 12:21 GMT by Damian Chmiel
Education Center

The Continued Rise of Fintechs and Challenger Banks

  • The financial landscape is rapidly changing.
Thursday, 13/04/2023 | 10:53 GMT by FM Contributors
FinTech

Revolut Introduces Joint Account, Group Chat to Mobile App

  • Recently, the digital bank reported its first full-year profit.
  • Revolut also launched 'soft test' version of its crypto staking service.
Wednesday, 12/04/2023 | 20:47 GMT by Solomon Oladipupo
Education Center

Challenger Banks and Their Impact on Traditional Banking

  • It's time to shake up the banking industry.
Monday, 27/02/2023 | 18:07 GMT by Finance Magnates Staff
FinTech

Revolut Postpones Its Native Crypto Push after FTX Collapse

  • Crypto winter and market turmoil impacted the decision.
  • In the next few weeks, Revolut should present its twice-delayed financial report for 2021.
Thursday, 19/01/2023 | 12:09 GMT by Damian Chmiel
CryptoCurrency

Neobank N26 Expands Crypto Trading Product to 5 New Countries

  • N26 Crypto debuted in Austria and is now moving to other jurisdictions.
  • The new crypto product offers access to more than 200 digital assets.
Tuesday, 17/01/2023 | 12:06 GMT by Damian Chmiel
Executives

McKinsey's Fernando Figueiredo on Fintech, Neobanks and Scaling Up

  • Figueiredo is a partner at the consulting firm McKinsey & Company.
  • Interviewed at the recent FMLS event, the Fintech scene's past, present, and future all discussed.
Tuesday, 20/12/2022 | 15:18 GMT by Ben Myers
Op-ed
Op-ed
FinTech
Op-ed
Op-ed

Why Is Being a Fintech Challenger Bank Not Enough Anymore?

  • The original challenger banks are now being challenged by neo-challenger banks.
  • Although, the neo-challenger banks still face their own challenges.
Friday, 02/12/2022 | 15:51 GMT by
CryptoCurrency

Neobank N26 Launches Crypto Trading Product

  • N26 Crypto is currently available only in Austria. New markets will be added shortly.
  • Challenger bank has lagged behind other fintech companies offering cryptos for a long time now.
Thursday, 20/10/2022 | 10:59 GMT by Damian Chmiel
FinTech

Dutch Central Bank Loses AML Case to Neobank Bunq

  • Bunq charged the apex bank to court earlier in the year.
  • The neo bank supports the use of AI, machine learning and other modern tech.
Tuesday, 18/10/2022 | 12:58 GMT by Solomon Oladipupo
FinTech

Neobanking 2021: From Hype to Profit?

  • Will 2021 see neobanks reach true maturity through profitability?
Tuesday, 18/05/2021 | 18:10 GMT by Maxim Bederov
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