Persuading customers to choose one bank over another is never an easy task, and it’s only become more challenging in the saturated digital banking space....
Citigroup’s Global Head of Payments and Receivables Manish Kohli is relying on technology to increase its payment business. “Our strategy has to be very simple,”...
After the June 2007 announcement of Apple’s first-ever iPhone and the ensuing buzz around iOS apps, financial institutions (FIs) began developing offerings to ease digital...
With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only...
There are no incumbent banks that are not paying attention to what the challenger banks are doing. What might have been written off even five years ago as a...
With fraud attempts continually on the rise around the world, financial institutions have their work cut out for them. They must remain fully compliant with...
Digital banking customers of today aren’t looking for the bank with the newest features — they’re looking for the bank that can keep their data...
Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be time-consuming, and comes...
In Latin America, where roughly 70 percent of the population is unbanked due to traditional banks’ stringent KYC requirements, digital-only challenger banks see an opportunity...