Tagged: banking challenger

March 3, 2020 @ 12:58 am By Omar Faridi  |  

UK-based banking challenger Starling Bank intends to use its Irish banking license to make its way into other European nations in the coming years, Anne Boden, the company’s CEO, confirmed. During a recent interview with IBS Intelligence, Boden, founder of Starling Bank, noted that the… Read More

February 29, 2020 @ 10:50 am By Omar Faridi  |  

Aion, a newly launched subscription-only banking service provider, is establishing its business operations in Belgium. The bank’s management says that it wants people to get the most out of their money. Aion has an artificial intelligence (AI)-enhanced service, called MoneyMax, which is meant to motivate… Read More

February 28, 2020 @ 1:32 am By Omar Faridi  |  

Approximately 90% of small business owners and freelance workers in the UK say they might prefer using an all-digital bank, instead of a traditional brick-and-mortar bank. This, according to a new study published by research firm Capterra. The study revealed that although 23% of survey… Read More

February 20, 2020 @ 9:09 pm By Omar Faridi  |  

Several promising startups are challenging major banks with the launch of their innovative apps that provide seamless, modern, mobile banking experiences. These new apps offer attractive features and very low or even no transaction fees. Level, a banking challenger and banking app provider, is offering… Read More

February 11, 2020 @ 1:36 am By Omar Faridi  |  

Leading UK-based digital bank Revolut has introduced a new Open Banking feature, which will allow users to view their bank accounts from other financial service providers from within the banking challenger’s app. Revolut partnered with financial API developer TrueLayer to allow all of its retail… Read More

January 27, 2020 @ 5:54 am By Omar Faridi  |  

Australia-based digital banks Xinja, Judo Bank and 86 400 have been attracting millions of dollars worth of savings from the nation’s banking clients after the introduction of their high interest rate accounts. Traditional industry players like ANZ, Westpac, NAB and Commonwealth Bank have reportedly lost… Read More

January 22, 2020 @ 11:42 am By Omar Faridi  |  

Niyah, a banking challenger app, has officially launched its services in the United Kingdom for the country’s Islamic community. The company claims it’s “the first Fintech Islamic banking app and ethical financial marketplace platform” to offer services in the UK. The Niyah app is Shariah-compliant,… Read More

January 22, 2020 @ 7:37 am By Omar Faridi  |  

Vive, a newly established UK-based digital bank, has reportedly acquired a banking license with certain restrictions from the Bank of England (BoE). The new digital bank aims to provide personal loans and a fixed-rate savings account. It will be launching with an Open Banking-based funds… Read More