Tagged: banking challenger

UK Fintech SaaScada Finalizes £2.5M Seed Round to Target Challenger Bank Market

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SaaScada, the Cloud native Core banking platform provider, recently announced it has secured £2.5 million in seed funding “from over ten investors – including leading figures from the banking and private investment sectors.” The SaaScada Cloud native platform “allows Fintechs and challenger banks to launch… Read More

Digital Banking Platform N26 Explains Why it May Have to Block Certain Accounts

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Every banking platform has an “important” duty to combat financial crime, and N26 claims that it is “no different.” As a fully-regulated bank, this is “not just a responsibility, but a legal requirement for [them] to do so,” the N26 team noted in a blog… Read More

Nordic Fintech Challenger Lunar Introduces Payments Solution for Digital Commerce Platforms

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Lunar, a Nordic-based Fintech firm, has introduced a solution to allow its business clients to accept and keep track online payments. Lunar’s solution is reportedly built into its business account and aims to address the growing digital commerce client base. Lunar’s business clients using a… Read More

HMBradley Shares Notice About Recent Cybersecurity Incident

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The team at HMBradley reveals that they recently detected a cyberattack on their systems. In this type of attack, often referred to as a “credential stuffing attack”, the perpetrator attempts “to gain access to a customer’s account using login credentials illegally obtained from another source.”… Read More

Digital Banking Platform N26 Says it Will be IPO Ready by End of Year

N26 Die Mobile Bank Germany

Germany’s banking challenger N26 should be ready for an initial public offering (IPO) by the end of this year, according to co-CEO Maximilian Tayenthal, Maximilian told CNBC that by the end of 2022, N26 should be “structurally IPO-ready,” During an interview with the media outlet… Read More

Iceland based Challenger Bank indó Acquires $4.5M in Seed Funding

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indó, an Icelandic Fintech focused on the consumer virtual banking space, has announced that it is emerging from stealth mode with $4.5 million in seed funding. indó is reportedly the first challenger bank to launch in Iceland. The motivation behind indó was the 2008 financial… Read More

Digital Banking: Revolut Is Making it More Affordable to Send Money Abroad, and Save with New Vault Product

British Pound Money Coins

The team at digital bank Revolut has noted that they hear about exchange rates all the time. The company has commented on what they actually are and why they can be very important. As explained by Revolut, foreign currency exchange rates are a way to… Read More

UK’s Starling Bank Launches Campaign to Get Business Owners to “Break Free” from Traditional Banks

Richmond County Savings Bank in Staten Island NY

UK’s digital bank Starling has reportedly launched a new advertising campaign that “encourages small business owners to break free from their incumbent bank.” As mentioned in a release, the campaign, created specifically for Starling Bank by Wonderhood Studios, is the second “under Starling’s new platform… Read More

European Fintech Challenger bunq Explains How You Can Continue Saving Money in 2022

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European Fintech bunq reveals that with the new year and “new you,” they will help clients with  saving even more money in 2022, which means “having more to spend on the things that you love” or care about. The team at Fintech challenger bunq has… Read More

UK based Digital Bank Starling Reports Record Investment and Strong Growth Planned by Small Businesses

Starling Bank

Two-thirds of the UK’s small business leaders (63%) feel “lonely” in their role, which could prevent their firm from “reaching its full potential,” according to an update from UK-based digital bank Starling. Of 1,046 business leaders surveyed by Starling Bank, seven in ten (70%) say… Read More

Ali Niknam, Founder of European Fintech bunq, Explains Why He Launched the Firm, After Recently Acquiring A Significant Investment

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Ali Niknam, CEO and founder of European Fintech bunq, recently noted that they are starting off on a “new beginning for bunq” Niknam wrote in a blog post dated December 2, 2021 that today “marks the start of a new chapter in bunq’s history.” Niknam… Read More

UK based Digital Bank Revolut Acquires Nobly ePOS Business to Expand Operations into Hospitality Sector

Revolutcon iPhone with Airpods

Revolut has announced the acquisition of “highly rated” ePOS software provider Nobly POS in order to expand its product offering to serve the restaurant and hospitality sectors. Established in 2013, Nobly has created an extensive ePOS system for the restaurant and hospitality industry enabling hospitality… Read More

Switzerland based Digital Banking Challenger YAPEAL Acquires License Extension from FINMA

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Switzerland’s digital challenger bank YAPEAL reveals that the Swiss Financial Market Supervisory Authority (FINMA) has granted it a license extension in order to provide cross-border services to international clients. As mentioned in the announcement, the services include national payments, cross-border  transfers, a Visa debit card… Read More

UK’s Digital Bank Starling Introduces Bills Manager to help Consumers Better Manage their Funds

Starling Bank on Android mobile phones

UK-based digital bank Starling Bank is launching Bills Manager, in order to help clients with settling their bills in a timely manner and better managing their funds. The new feature, one of the “most requested,” offers clients the option to have a Direct Debit or… Read More

FV Bank Now A Principal Member of Visa, Prepares to Offer Crypto-Linked Visa Card Programs

Visa Credit Cards Debit Cards

FV Bank, the fast-growing U.S. licensed international challenger bank and digital asset custodian, has confirmed that it has been approved as a Principal Member of Visa. As mentioned in the announcement, this is an important milestone in further solidifying FV Bank as a key market… Read More

Amsterdam based Neobanking Fintech bunq Introduces Local Currency Feature via Platform’s Banking App

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Amsterdam-based neobanking Fintech Bunq has introduced a domestic currency feature for digital nomads that is available via the firm’s banking app. Bunq clients are able to receive, convert, hold and spend in several different currencies without needing to exit the app. The first currencies that… Read More

Digital Banking Fintech Revolut Performs Updates to Enhance Security, Streamline UX

Revolut Here is what is coming Next

Digital banking platform Revolut notes in a blog post that Halloween is soon on its way, however, there’s nothing “spooky” about the work they’ve been doing during October 2021. The Revolut team also mentioned that they’ve performed updates to enhance platform security and reduce your… Read More

Digital Banking Platform Revolut Explains How Consumers Can Save on Cross-Border Transfers

Revolutcon iPhone with Airpods

Digital banking platform Revolut notes in a blog post that as you might already know, sending funds abroad with traditional banks can be quite costly and very slow. The fees may be really high and transactions may often take at least several business days to… Read More

Australian Banking Challenger Judo Bank Remains “Well Capitalized” Despite Limited Profitability: Report

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S&P Global Ratings has reportedly given Judo Bank a BBB- rating, which is a move that may have surprised one of Australia’s first banking challengers for SMBs, especially due to the “relatively short life cycle,” according to an update from The Future of Banking. In… Read More

Monzo USA Introduces Salary Sorter Tool to Make it Easier to Manage Finances, Cover Monthly Expenses, Save Money

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UK-based digital bank Monzo says that it already makes it easy for clients to manage their spending and ensures that they have funds set aside for settling bills and adding to their savings. Monzo, which is under investigation for possible money laundering activity and posted… Read More

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