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Traditional Bank apps surge but Challenger bank app downloads slump
New research from Nucoro reveals that between 14th March and 14th April, because of the COVID-19 lockdown, around 12% of the adult population in the UK – some 6 million... more
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Challenger bank N26 reaches 5 million customer milestone
N26, one of the so called Challenger banks has reached the milestone of 5 million customers. N26 was founded in 2013 and raised $683 million (£520 million , €616 million... more
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One new bank account opens every 6 seconds in UK
Banking customers are increasingly opening multiple accounts, particularly the younger generations, with up to a third of Millennials and Gen-Zs having opened at least two new accounts in the past... more
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Why the High Street banks should start to be concerned by the Challenger banks
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
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BFC Bank launches in UK as specialist provider to PSP’s and MSP’s
BFC Bank, owned by BFC Group, is the latest bank to launch in the UK promising to act as a new, specialist bank that offers reliable, safe banking services to Small and Medium Enterprises (SME’s), Payments Service Providers (PSP’s) and Money Service Providers (MSP’s) that trade internationally. BFC Bank makes it clear that it has [...]
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