Challenger Banks Are Becoming too Big to Fail

2019 might prove to be a turning point for challenger banks as they turn towards the next decade with the vast sums of money they have raised; investors have poured in hundreds of millions into startups that have yet to prove they can turn a profit but have acquired customers at an impressive clip; the long term question is can these banks eventually figure out how to reach profitability and what will they look like when they get there; financial services has gone through a period of unbundling and now it seems as if we have started the phase of re-bundling; slick apps have started to turn their attention to diversified revenue streams to try and keep up with lofty valuations as banks put pressure on their businesses by creating similar products; we are a long ways from figuring out winners and loser but the money train keeps going as investors continue to feel confident in challengers. Forbes

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]