According to a new study by consultancy firm A.T. Kearney the combination of digital only banks and the fact that...
In this conversation, we talk with Anne Boden, the CEO of Starling Bank. Starling has just turned profitable, and reached several significant milestones in terms of 1.8 million clients, $4 billion in deposits, and $1.5 billion of lending.
That is quite meaningfully ahead of our model, and probably ahead of everyone’s model, of where neobanks would be in 2020. While COVID has accelerated the digital lifestyle, Anne credits deeper demographic, technology, and cultural insights and choices she has made in building Starling for success.
‘Another one?’ Bankers react to Facebook’s digital currency Next decade is set to be transformative for small business finance PwC...
There is no question that challenger banks like Revolut, Monzo and N26 have acquired massive amounts of customers; it leads...
Banks have started to use their customers as product developers as the look to make the banking experience more personalized;...
Monzo announced earlier this month that it is teaming up with fellow UK challenger bank OakNorth to offer cash ISAs...
CFPB to give more information to firms under investigation The head of Credit Suisse’s blockchain efforts said culture is the...
Qwil’s Johnny Reinsch: ‘Our mission is to provide liquidity to SMBs and freelancers around the world’ Nationwide Announces New Partnership...
Amazon has published a case study on the digital bank Monzo; Monzo leveraged AWS to build their bank which now...
This week, we look at Betterment launching a bank account and payments feature. They are not the first, but they could be the best! Still, it feels like the world has moved on. Barriers to entry around digital finance have collapsed, and shifted industry goal posts. Hundreds of companies are integrating API-based solutions that connect to banking and investment entities. Amazon, Google, and Apple are there already. And let's not forget the incredible pressure from the COVID recession: 20MM+ unemployed, $100 billion decrease in global remittances, 1 in 8 banks being unprofitable. Is it time for incremental improvement, or a sea change?