Tagged: challenger bank

Monzo Launches New Feature Bill Tracker to Help Customers Keep Track of Bills

On Friday, UK challenger bank Monzo announced the launch of its new feature, Bill Tracker. According to the fintech, Bill Tracker will keep track of customers’ regular direct debits, such as phone contracts and utility bills, and let them know if one of the bills changes…. Read More

Report: Digital Challenger Redwood Bank Raises £9.8 Million

A report by Beauhurst is revealing that challenger bank Redwood has raised £9.8 million as the UK digital banking market heats up. Redwood is the newest addition to the future of banking joining peers, Monzo, Starling, Revolut and more. These are the names that may… Read More

Goldman Sachs Presentation Foreshadows Digital Banking Aspirations of Marcus

While Goldman Sachs’  (NYSE:GS) most prominent foray into Fintech started with online lending, Marcus is poised to become so much more in the digital banking arena. As previously reported, Marcus zoomed into online lending fueled by consumer deposits due to an acquisition from several years… Read More

Digital Bank Banco BNI Europa Expands Loan Ecosystem by Partnering with Alterest

Banco BNI Europa, a European digital only bank, has partnered with Alterest to boost their lending vertical. Alterest is a loan data and intelligence platform that should help Banco BNI streamline their analytics, risk management and originating partnerships. Banco BNI says the partnership comprises of data-feeds… Read More

Revolut Now Planning to Apply For U.S. Banking License

On Monday, CEO of UK Fintech startup Revolut, Nik Storonsky, announced the company is now making plans to apply for a banking license in the U.S.. Revolut has previously announced its intent to expand into the US, along with other companies globally, but this is… Read More

Digital Only Bank Starling Partners with Google on Payments

Starling Bank, a digital only challenger bank, is providing its users an enhancement to Google Pay. Starling will be the first bank in the UK to offer users of Android phones the ability to setup Google Pay within the Starling app, through the use of… Read More

App-Only Bank Chime Surpasses One Million Bank Accounts (Infographic)

Chime, a U.S.-based app-only bank, recently announced it has surpassed one million bank accounts. Founded in 2013, Chime is on a mission to help its members lead healthier financial lives. The company’s service is described to help customers avoid feeds, save money automatically, and improve their… Read More

Digital Bank Tandem Adds Anti Fraud Feature

Challenger bank Tandem has added a new feature for its account aggregating app that allows users to confirm whether they are spending overseas or engaging in other potentially fraudulent activity. The “Fraud Conversation” is a new notification feature that sends a push notification when it… Read More

Revolut Asks Customers to Name New Metal Card

Digital challenger bank Revolut announced last week it is now asking customers to help name its new and exclusive metal card. Revolut reported that last year, it released the Revolut Premium account, which offers the choice of four exclusive card designs, unlimited foreign exchange transactions, overseas medical… Read More

Banco BNI Partners with Lendrock on Auto Finance

Banco BNI Europa, a digital challenger bank based in Portugal, has partnered with Lendrock in Spain to provide financing to consumers looking to buy a car. Banco BNI said it will invest up to €15 million on this online financing platform that specializes in near… Read More

Wealthify Announces New Partnership With Starling Bank

UK-based online investment service Wealthify announced on Wednesday it has formed a new partnership with Starling Bank. The company reported its investments will on the challenger bank’s marketplace, which is designed to give users easy access to digital financial services on their mobile devices. Wealthify… Read More

Revolut Update Adds Savings Vault, Users Save Spare Change Automatically, Including Cryptocurrency

Revolut’s newest feature Vaults a saving enabler that allows users to round up and save their spare change from everyday purchases. The service is available for any of Revolut’s 25 supported fiat currencies as well as the popular digital currencies Bitcoin, Ether and Litecoin. Revolut say… Read More

Adam Dell’s Clarity Money is Acquired by Goldman Sachs to be Integrated with Digital Bank Marcus

Goldman Sachs Bank USA has acquired Clarity Money a Fintech founded by CEO Adam Dell. Clarity Money is an app based service that helps consumers better manage their personal finances with machine learning and intuitive design to provide actionable insights. The robo-advisor claims over one million… Read More

Zopa is Raising £50 Million, Shuffles Board as it Preps for Bank Launch

The grande dame of peer to peer lending in the UK, Zopa, is raising £50 million at a valuation of £400 million, according to several reports.  SkyNews states this most recent funding round will be led by current investors including Wadhawan Global Capital out of… Read More

The World is Going Cashless & Digital Challenger Bank Revolut Wants to Lead the Way

Cash is king no more. Today’s society is all about mobility and the digitization of all forms of finance. How consumers spend and manage their money has changed dramatically in recent years and that pace of change is accelerating. Revolut is a new breed of… Read More

Tandem Debuts Three Fixed Saver Accounts

On Wednesday, challenger bank Tandem announced the launch of three fixed saver accounts. The bank reported that the launch of the accounts gives “savvy savers” the chance to put money aside in their own virtual treasure chest. The debut of the fixed saver accounts comes less than… Read More

Challenger Bank CivilisedBank Plans to Release Current Banking License to Focus on Technology Platform

CivilisedBank, UK-based challenger business bank with a Local Banker network, announced on Friday it will release its current banking license to give more time to develop its technology platform before reapplying for a new license According to the bank, the PRA and the FCA are… Read More

Challenger Bank Monzo Ends Prepaid Beta

UK-based challenger bank Monzo announced on Wednesday it is set to close its Prepaid Beta, which was launched in March 2016 to make sure the bank was “building something” that consumers actually needed. While sharing details about its growth since the Beta’s launch, Monzo stated:… Read More

Challenger Bank TSB Announces Plans to Create Lending Marketplace For UK Small Businesses

UK-based challenger bank TSB announced this week it is preparing to launch a new lending marketplace with a mission help small businesses across the UK get the funding their need to continue growth. The bank is partnering with Funding Options to launch the marketplace this… Read More

Banco BNI Europa Debuts Online Account Opening Process Through Video Conference

Challenger bank Banco BNI Europa announced on Tuesday the launch of its new online account opening process through video conference. The company reported that this new process also introduces an innovative system of documents signature with a qualified digital certificate and is available for Portuguese citizens… Read More