Articles with tag: challenger

Found 197 results in 387 milliseconds.

Revolut applies for UK banking licence

News | Online & Mobile Banking | 12 Jan 2021

Challenger bank Revolut has submitted its application for a bank licence in the UK to the nation’s financial regulators.

Revolut, neobank, challenger bank, PRA, FCA, Brexit, banking, bank licence, EU

N26 secures banking licence in Brazil

News | Online & Mobile Banking | 08 Jan 2021

Germany-based digital bank N26 has received a banking licence from the Brazilian Central Bank, according to AltFi.

N26, Brazil, banking licence, Nubank, Germany, Brazilian Central Bank, digital bank, digital banking, fintech, credit operations, challenger bank

GPS joins Mastercard's Fintech Express Programme

News | Payments General | 17 Dec 2020

Issuer processor Global Processing Services (GPS) has been selected by Mastercard as its chosen processing partner in its Fintech Express Programme, according to the official press release. 

GPS, Global Processing Services, Mastercard, Fintech Express Programme, fintech, issuer processor, e-wallet, challenger banks

Fingerprints Cards enables Rocker's biometric payment card pilot in Sweden

News | Cards | 10 Dec 2020

Fingerprints Cards (Fingerprints) has announced it is enabling Rocker to launch the first contactless biometric payment card pilot with its customers in Sweden during Q1 2021. 

Fingerprints Cards, Rocker, biometrics, contactless, payment card, challenger bank, product launch, Sweden

Monzo receives another GBP 60 mln in funding

News | Online & Mobile Banking | 04 Dec 2020

UK-based challenger bank Monzo has closed another GBP 60 million in funding, priced the same as and effectively an extension of its previous top-up round in June 2020.

Monzo, challenger bank, funding, UK, investment, financing round, banking

Current raises USD 131 mln in series C funding

News | Online & Mobile Banking | 27 Nov 2020

US-based challenger bank Current has announced it has raised USD 131 million in Series C funding, led by Tiger Global Management.

Current, funding, challenger bank, neobank, digital banking, mobile banking, Tiger Global Management, investors, debit card,

Challenger banks, oases for SMEs - interview with Starling Bank

Interviews | Online & Mobile Banking | 24 Nov 2020

Anna Mitchell, Starling’s Head of Marketplace, shares the recipe behind the success of Starling and how the challenger bank is positioned to enable SMEs to thrive in challenging times with the use of APIs

Anna Mitchell, Starling, SMEs, APIs, incumbents, payments, lending, financial institutions, digital banking, alternative financial services, fintechs, challenger bank, invoice insurance, digital receipts, Coronavirus Business Interruption Loan, Bounce Back Loan Schemes, TPPs,

JP Morgan to launch digital bank in UK

News | Online & Mobile Banking | 23 Nov 2020

US investment bank JP Morgan has announced plans to launch of its digital consumer platform and challenger bank in the UK.

JP Morgan, Chase, UK, digital banking, challenger bank, AWS, consumer banking, online banking

bunq introduces Google Pay in the Netherlands and Portugal

News | Mobile Payments | 17 Nov 2020

Netherlands-based challenger bank bunq has announced plans to offer Google Pay to its customers in the Netherlands and Portugal, according to AltFi

bunq, Google Pay, Netherlands, Portugal, challenger bank, Apple Pay, contactless payments, virtual cards, encryption, NFC, mobile payments

Challenger bank Starling to raise additional capital

News | Payments General | 09 Nov 2020

UK-based challenger bank, Starling, has announced it is on track to be profitable by Christmas, but this does not mean it is not out raising additional capital already, according to TechCrunch.

Starling Bank, challenger banks, UK, funding, SMEs, investors, business accounts

Global Processing Services supports Lanistar ahead of banking product launch

News | Payments General | 02 Nov 2020

Payments issuer processor, Global Processing Services (GPS) has teamed up with fintech challenger Lanistar, ahead of the launch of their alternative banking product later in 2020.

Global Processing Services, GPS, Lanistar, fintech, challenger, partnership, bank account, data, APIs, Open Banking, alternative banking

Zilch, Credit Kudos partner for Buy Now Pay Later credit assessment

News | Online & Mobile Banking | 15 Oct 2020

Buy Now Pay Later (BNPL) provider Zilch has partnered with challenger credit reference agency and Open Banking provider Credit Kudos to better assess affordability of its customers. 

Zilch, Credit Kudos, Buy Now Pay Later, BNPL, credit assessment, challenger, credit reference agency, open banking, affordability, alternative credit, instalments, credit, UK, pandemic, BNPL Mastercard, online retailer, payments

British consumers to prefer platform banking, study

News | Online & Mobile Banking | 09 Oct 2020

Deposit Solutions have realised a report showcasing that most British consumers want as few financial services providers as possible. 

UK, United Kingdom, platform banking, Deposit Solutions, financial services, financial simplicity, incumbent banks, challenger banks, financial services, Europe, marketplace

UK digital banking surge fuelled by Brexit and pandemic

News | Online & Mobile Banking | 02 Oct 2020

Digital banking has experienced an unprecedented surge since Brexit and the pandemic, according to deVere Group staff cited by FinTech Magazine.

UK, digital banking, Brexit, pandemic, online banking, surge, deVere Group, cashless banking, post-Brexit, climate change, pandemic, challenger bank apps, digital banking apps, currency changes, money transfer, deposits, disruption

Yandex agrees on USD 5.5 billion deal for Russian challenger Tinkoff Bank

News | Online & Mobile Banking | 23 Sep 2020

Russia-based fintech Yandex has agreed on a USD 5.5 bln deal to acquire online bank Tinkoff.

Yandex, Tinkoff, challenger bank, banking, online bank, digital bank, fintech, financial technology, mergers and acquisitions, acquisition, Russian Federation, Russia

Ziglu opens crowdfunding round

News | Cryptocurrencies | 21 Sep 2020

Challenger and FCA-authorised Electronic Money Institution Ziglu have opened a crowdfunding round to the public. 

Ziglu, crowdfunding, challenger, FCA, authorisation, Electronic Money Institution, product development, global challenger, investors, crypto exchange, cryptocurrency, p2p payments, digital payments, UK account, digital assets, cyber-attacks, fiat currencies, 5th money laundering directive, crypto assets

European FIs prioritising investment in compliance-related use cases, Tink research finds

News | Payments General | 16 Sep 2020

Financial institutions are prioritising investment in use cases that deliver immediate value to their business, according to data published by Tink.

digital identity, challenger banks, PSPs, banking services, KYC process automation, SCA, compliance, investment, open banking, Tink

Credit Suisse to roll out digital banking app

News | Online & Mobile Banking | 10 Sep 2020

Credit Suisse has announced plans to launch a digital banking app in October 2020 to challenge fintechs like Revolut in the Swiss bank’s home market.

Credit Suisse, digital banking, digital banking app, Revolut, N26, Switzerland, Swiss, banks, fintechs, challenger, digital wealth management, foreign transactions, CSX, banking app, online banking, traditional banking, incumbents

Tandem retires paid Cashback Credit Card membership

News | Cards | 04 Sep 2020

UK-based Tandem Bank has made an announcement to its members about the GBP 5.99/month Cashback Credit Card, telling them the card is shutting down.

Tandem Bank, credit card, cashback credit card, UK, United Kingdom, challenger bank,

InComm, US challenger bank Current to support cash deposits at over 60,000 retail locations

News | Ecommerce | 02 Sep 2020

InComm has teamed up with Current, a US-based challenger bank, to support bank members to make cash deposits to their bank accounts at large brick-and-mortar retail chains across the country.

InComm, VanillaDirectTM platform, barcode, mobile app, retailers, commerce, payments, partnership, challenger bank,