Traditional Banks and Digital Challengers are Doing a “Horrendous” Job when Processing International Payments: Report

May 31, 2020 @ 11:30 pm By Omar Faridi |

Digital or neobanks are increasingly being used by consumers of all age groups for managing finances, and completing transactions. Despite the COVID-19 outbreak and resulting economic problems, digital bank Starling Bank recently secured £40 million in capital. Challenger banks aim to offer better services compared… Read More

Post COVID-19: Lasting Impact on Society Following Coronavirus Crisis will Create Favorable Growth Conditions for Fintech Firms, New Report Claims

April 4, 2020 @ 1:52 pm By Omar Faridi |

The Coronavirus (COVID-19) outbreak has had a significant impact on our lives and is changing the way we work, interact, and consume products and services. Finch Capital, an early-stage venture capital firm focusing on Europe and the Southeast Asia region, has published a report, titled… Read More

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