Tearsheet asked 107 financial professionals from traditional financial institutions and fintechs who is the biggest threat to banks in consumer...
Europe is leading the global market in challenger banks and also providing examples for the future of banking; as digital banks increasingly gain market share a number of Europe's large banks have announced branch closings including Lloyds, RBS and NatWest; AltFi discusses the ideal bank of the future reporting on the growth of challenger banks and their potential to open physical branch locations. Source
Monzo has received a full banking license from the Bank of England's Prudential Regulation Authority and the Financial Conduct Authority; the licensing follows new fundraising that meets the banking capital requirements; it now plans to launch a current account and a current account overdraft product. Source
Bill Harris is the former CEO of PayPal and Intuit and is also the founder and CEO of Personal Capital;...
Revolut has partnered with Trussle to offer mortgage loan solutions for its clients; the partnership is the most recent in a series of partnerships for the digital only bank, adding to lending solutions from lenders Lending Works and Bricklane; Trussle will provide a multi-lender service to Revolut customers through technology that can recommend mortgage loans for first time borrowers and suggest alternatives for current borrowers. Source
A new survey by credit card specialist Fraedom shows that 80 percent of banks believe challengers have impacted their business...
2019 might prove to be a turning point for challenger banks as they turn towards the next decade with the...
A new report by ratings agency Fitch says digital banks could be more vulnerable than traditional banks in the event...
According to a new report from Accenture high street banks face the possibility of losing up to 8 percent of...
According to a new study by Capterra about 90 percent of UK small business owners and freelancers say they are...