Tagged: challenger bank

UK’s Metro Bank Joins APPG for Challenger Banks, Building Societies as Associate Member

The APPG for Challenger Banks and Building Societies are pleased to confirm that Metro Bank is now the latest challenger bank to join them as an Associate Member. The APPG is a cross-party group of MPs and Peers that focuses on informing parliamentarians about challenger… Read More

Fintech Revolut Introduces Expense Management Product

Fintech firm Revolut is now entering the fast-growing spend management sector with a new in-app product that allows companies to issue payment cards with a quick tap and set up time and category-based spending limits. After the roll-out of Payroll for UK clients this February… Read More

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

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

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

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

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

Challenger Bank North Starts Lending in the North West

Challenger Bank North, a modern spin on SME banking, has kicked off lending with its first “regional pod” in Manchester. Bank North notes that lending is commencing following a debt facility provided by Insight Investment announced in December 2021. Bank North received its banking license last… Read More

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

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

Moven Helps TipHaus Launch Banking Challenger for Hospitality Industry

One of the most challenging or pressing issues facing service-oriented companies right now is retaining hardworking, motivated professionals. According to a study shared by The Washington Post, the hospitality sector has the highest quitting rates of any industry by a considerable margin. TipHaus aims to… Read More

Tandem Bank Acquires Manchester based Oplo, a Consumer Lending Platform

Tandem Bank has reportedly acquired consumer lending platform Oplo. The strategic acquisition has formed a combined business with £1.2 billion of total assets, £1 billion of funding and 171,000 clients being serviced by a UK-headquartered team of 500 professionals. Tandem was established back in 2014… Read More

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

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

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

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

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

Challenger Bank North Announces Head of Savings as it Gears Up for Full Launch

Bank North, a challenger bank that is digital-first with a unique strategy with physical operations, has hired Louise Halliwell as Head of Savings. Bank North recently completed a Series A funding round after receiving a Banking License (AWR (Authorised with Restrictions)) approved by the Financial Conduct… Read More

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

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

Bank North Looks to Raise £1 Million on GrowthFunders

Bank North, previously operating as B-North, is looking to raise £1 million in growth capital on GrowthFunders. UK-based Bank North was granted a banking license (Authorised with Restrictions or ‘AWR’) by the UK’s Prudential Regulation Authority (PRA) this past August. Around the same time, the… Read More

Switzerland based Digital Banking Challenger YAPEAL Acquires License Extension from FINMA

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

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

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

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

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

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

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