Fearing Fintech: 76% of Traditional Banking Executives Fear Competing Services Offered by Apple Pay, PayPal, Stripe, and Venmo: Survey

March 6, 2020 @ 7:19 am By Omar Faridi |

Traditional banking executives have expressed concerns about the increasing competition form Fintech firms or challenger banks. The Promontory Interfinancial Network recently published a survey that revealed that 76% of 543 senior management professionals, working at traditional banks, noted that they fear new financial platforms being… Read More

Banking Challenger Market Is Growing Rapidly, with Brazil’s Nubank being the World’s Largest with 15 Million Clients

January 19, 2020 @ 7:58 am By Omar Faridi |

The challenger bank trend first began in Europe and has been gradually spreading to other parts of the world. Traditional banking challengers have been growing steadily and have managed to attract large investments. FT Partners’ new report, titled The Rise of Challenger Banks: Are the… Read More