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Challenger banks have raised hundreds of millions in venture capital to take on bank incumbents. But how are these startups doing at reaching, converting, and engaging millions of customers? Challenger... more
In the last couple of weeks two Challenger banks have hit the UK. N26 is a German direct bank, headquartered in Berlin, that offers its services throughout most of the... more
The post Why the High Street banks should start to be concerned by the Challenger banks appeared first on Payments Cards & Mobile.
Atom Bank, the UK’s first bank designed for digital and optimised for mobile, announces that the restriction on its regulatory authorisation has been lifted, and as of today opens its virtual doors. Atom is the first of the new breed of challenger banks to launch, and all retail banking services are delivered via the App. [...]