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In 2018, there were 60 worldwide digital challenger banks, the so called Neobanks, that had launched up to that date. Now, only three years later, that number has increased by... more

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Digital-only banks, or neobanks, have been a major focus for investors, and are gathering new customers by the boatload. But are they really banking’s future – or just a sophisticated... more

The post PCM Feature: Neobanks – hot trend or missed opportunity appeared first on Payments Cards & Mobile.

Neobanks operating in the UK added more than 6 million new customers in H2 2019, ending the year with 19.6 million customers globally, according to Accenture’s Digital Banking Tracker. Accenture’s... more

The post UK Neobanks near 20 million customers but customer and deposit growth rates slow appeared first on Payments Cards & Mobile.

A ten-year study has found that the profit of European retail banks/divisions is at an all-time high, driven by a positive economic environment and lower risks (risk costs relative to... more

The post Study: 1 in 10 banks will disappear over the next 5 years appeared first on Payments Cards & Mobile.

House of Fraser is reported to be investing £35 million into the app-only challenger bank Tandem to offer financial services. The investment is reported be part of a tie-up between the startup and House of Fraser, according to a release from Tandem. The department store wants to offer financial services to customers through its partnership with [...]

The post House of Fraser invest £35 million in challenger bank Tandem appeared first on Payments Cards & Mobile.