challenger banks

UK Parliamentary Group Calls for ‘New Big Bang’ as Part of Neobank Regulatory Overhaul
UK Parliamentary Group Calls for ‘New Big Bang’ as Part of Neobank Regulatory Overhaul
August 31, 2022  |  Banking

In the U.K. political system, all-party parliamentary groups (APPG) consist of multi-partisan collaborative panels that bring together members of both houses to investigate important issues...

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UK Challenger Bank Zopa Reaches £2B Deposits Mark
UK Challenger Bank Zopa Reaches £2B Deposits Mark
August 25, 2022  |  Digital-First Banking

U.K. challenger bank Zopa reported Thursday (Aug. 25) that its deposits now total more than £2 billion, driven by its offer to help customers do...

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UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
July 28, 2022  |  Digital-First Banking

Financial transaction records can act as important evidence when securing a loan or mortgage, and U.K. banks are legally obliged to provide this information to...

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Upgrade Offers OneCard for Single Platform Budgeting, Rewards
Upgrade Offers OneCard for Single Platform Budgeting, Rewards
July 27, 2022  |  Banking

Challenger bank Upgrade is launching OneCard, a new product that provides users with a single card for daily expenses and making payments over time. “When...

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Stripe, SoFi and Robinhood Alums Launch Gen Z Neobank Uprise
Stripe, SoFi and Robinhood Alums Launch Gen Z Neobank Uprise
July 13, 2022  |  Digital-First Banking

Uprise, a FinTech which aims to help Gen Z manage money in a “digital family office,” has launched after raising $1.4 million in a seed...

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EMEA Neobank Weekly: Newcomers Seek to Differentiate as UK Grants Fresh Licenses
EMEA Neobank Weekly: Newcomers Seek to Differentiate as UK Grants Fresh Licenses
July 03, 2022  |  Banking

In this week’s EMEA neobank news, the U.K is set to get two new neobanks as both Ashman and Kroo are granted licenses. Ashman has...

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Crypto Capabilities Bring Engagement, Revenue and New Users to Neobanks
Crypto Capabilities Bring Engagement, Revenue and New Users to Neobanks
June 29, 2022  |  Cryptocurrency

By the end of the year, more than half of the 10 largest neobanks will be offering clients cryptocurrency products. So said Mark Daly, vice president...

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UK Digital Bank Starling Hits £2.5B Valuation
UK Digital Bank Starling Hits £2.5B Valuation
April 26, 2022  |  Digital-First Banking

U.K. digital bank Starling has seen its valuation double to over £2.5 billion ($3.15 billion), the Financial Times reported Tuesday (April 26). Starling is reportedly...

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Revolut Looks to Expand to Crypto Wallets, Mortgages
Revolut Looks to Expand to Crypto Wallets, Mortgages
April 26, 2022  |  Digital-First Banking

Banking app Revolut wants to expand into the mortgage sector and cryptocurrency wallets, the company’s chief executive said Tuesday (April 26). According to Reuters, Revolut...

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