One of the more unique offerings by some fintechs in the US is earned wage access; the feature aims to...
European challenger bank Revolut announced today that it will enter the US market with crypto trading services through a partnership...
American Banker has compiled a list of some of the key trends in banking that will define what banking will...
According to a new study by Capterra about 90 percent of UK small business owners and freelancers say they are...
CB Insights reports on two of Europe's top markets for fintech investment, the UK and Germany; the UK is reporting significant early-stage investment in personal banking platforms and insurtech with insurtech also a top investment in Germany; year-to-date, European fintech companies have raised approximately $2.6 billion with early stage fintech financing in the UK at $202 million and Germany reporting financing of $83 million. Source
Wells Fargo is still digging out from a PR disaster last week when the bank went offline for a large...
The UK’s banking market has seen a number of new entrants since the financial crisis but it hasn’t been easy...
Many staff members at the challenger banks are working from home with Starling and Revolut opting to split staff between...
There is no question that challenger banks like Revolut, Monzo and N26 have acquired massive amounts of customers; it leads...
Challenger banks, including Virgin Money, TSB and Metro Bank, are seeing a market that is becoming more crowded by the day and profit margins in lending areas are being trimmed; mortgage rates coming down and customer acquisition costs going up are two of the main reasons for these worries; pricing in consumer credit has also forced some of these banks to pull out of that segment all together as competition has become too much; the newest space entrants, like Atom, Monzo and Starling, are only adding to the heated environment; Richard Iferenta from KPMG explains to the Financial Times, "The challenge is, if you want to build a bank, how do you get sufficient scale, attract a big customer base, and make a lot of money."; one group who is particularly benefiting is the consumer, they are seeing prices come down and new innovative products hit the market that are helping them to better understand their finances. Source