Articles with tag like: challenger bank

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Cheese to expand access to its banking services

News | Digital Identity, Security & Online Fraud | 06 Oct 2021

Cheese has announced expanding access to its banking services by offering customers alternative methods of identification to open an account, even when they have no social security numbers.

challenger bank, banks, Mastercard, e-wallet

Judo Bank willing to work with fintechs and crypto businesses

News | Online & Mobile Banking | 09 Sep 2021

Australia-based Judo Bank has stated it won’t refuse or decline certain types of businesses from using its banking services but would make decisions on a case-by-case basis.

banking, SMEs, cryptocurrency, challenger bank

Point raises USD 46.5 mln in Series B funding round

News | Online & Mobile Banking | 03 Sep 2021

Challenger bank Point has raised a USD 46.5 million Series B funding round.

funding, debit card, challenger bank, banks

NewB, OneSpan to protect digital banking channels

News | Online & Mobile Banking | 03 Sep 2021

Digital banking security and e-signatures company OneSpan has announced that Belgium-based challenger bank NewB has deployed OneSpan Cloud Authentication and Mobile Security Suite. 

partnership, challenger bank, neobanks, digital banking

Bunq introduces Spanish IBANs

News | Online & Mobile Banking | 01 Sep 2021

Bunq has updated its service so existing and new users in Spain can now get a Spanish IBAN.

challenger bank, banks, product upgrade, IBAN, fintech

Atom Bank reports operating loss of GBP 36 mln

News | Online & Mobile Banking | 27 Aug 2021

Atom Bank has reported an underlying operating loss of GBP 36 million in the year ended March 2021, down from GBP 46 million in the previous year.

digital banking, challenger bank, funding, partnership

kompasbank goes live on Mambu's banking platform

News | Online & Mobile Banking | 18 Aug 2021

kompasbank, a Denmark-based challenger bank for SMEs, has gone live on Mambu’s SaaS banking platform. 

SMEs, digitalisation, challenger bank, SaaS, API

Chime raises USD 750 mln in Series G funding

News | Payments General | 17 Aug 2021

Chime has raised USD 750 million in a Series G funding round that values the fintech company at USD 25 billion. 

fintech, funding, IPO, challenger bank, digital banking

Nubank is said to plan a USD 2 bln Nasdaq IPO

News | Online & Mobile Banking | 13 Aug 2021

Nubank, a Brazil-based fintech, has announced planning an initial public offering of more than USD 2 billion on the Nasdaq for the end of 2021.

neobanks, challenger bank, IPO, fintech

Australian Prudential Regulation Authority issues stricter standards for banking licences

News | Online & Mobile Banking | 13 Aug 2021

The Australian Prudential Regulation Authority (APRA) has issued stricter standards for prospective neobanks that apply for banking licences following Xinja’s collapse.

neobanks, banking licence, regulation, challenger bank, banks

Neobank Kroo raises GBP 17.7 mln series A

News | Online & Mobile Banking | 10 Aug 2021

UK-based fintech Kroo has raised GBP 17.7 million in its Series A funding round, according to AltFi.

challenger bank, fintech, investment, online banking, banking licence

BigPay secures USD 100 mln from SK Group

News | Online & Mobile Banking | 09 Aug 2021

ASEAN-based Digital banking challenger BigPay has acquired USD 100 million in funding from South Korea-based SK Group, according to IBS Intelligence.

investment, challenger bank, online banking, fintech

Kuda raises USD 55 mln in funding

News | Online & Mobile Banking | 02 Aug 2021

Kuda Bank has closed, via its London entity, a Series B of USD 55 million — money that it plans to use to double down on new services for Nigeria, but to prepare its launch into more countries on the continent.

challenger bank, banks, funding, digital banking

Monzo reports losses growth and FCA investigation

News | Online & Mobile Banking | 30 Jul 2021

The FCA has launched a formal investigation into Monzo’s anti-money laundering practices, which could carry both civil and criminal liability, says AltFi.

FCA, challenger bank, online banking, financial crime

Starling Bank acquires Fleet Mortgages

News | Online & Mobile Banking | 27 Jul 2021

Starling Bank has acquired the buy-to-let mortgage lender Fleet Mortgages in a GBP 50 million cash and share deal.

Starling Bank, banks, challenger bank, acquisition, lending

Starling Bank wins BCR's switching scheme; in line for further funding

News | Online & Mobile Banking | 22 Jul 2021

As part of the BCR’s Incentivised Switching scheme, Starling Bank has been the biggest beneficiary, with almost 17,000 new customers joining the bank.

Starling Bank, funding, online banking, challenger bank

Revolut, Equifax partner for data and analytics in the UK

News | Online & Mobile Banking | 21 Jul 2021

UK-based business and consumer insights expert Equifax and challenger bank Revolut have partnered for differentiated data assets and real-time predictive analytics.

partnership, Revolut, challenger bank, data analytics

The FinTech FinCrime Exchange story

Voice of the Industry | Digital Identity, Security & Online Fraud | 21 Jul 2021

Observing that fintechs in the UK are exposed to criminal activity but they lack a way to communicate with each other, FINTRAIL and the Royal United Services Institute (RUSI) have decided to establish the FinTech FinCrime Exchange

fintech, financial crime, BaaS, challenger bank, cryptocurrency exchange, COVID-19, risk management, compliance, data, cybercrime

Revolut confirms USD 800 mln funding at a USD 33 bln valuation

News | Online & Mobile Banking | 15 Jul 2021

UK-based financial superapp Revolut has confirmed that it has raised USD 800 million. 

funding, digital banking, money transfer, challenger bank

Challenger bank Tally launches in the UK

News | Online & Mobile Banking | 14 Jul 2021

Banking platform Tally has launched for customers in the UK.

challenger bank, online banking, mobile banking, product launch