Payments News » Challenger Banks

Tandem adds fixed savings accounts

April 11 2018

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Challenger Banks

“Tandem, the U.K. challenger bank founded by fintech veteran Ricky Knox, has rolled out its second banking product today with the addition of fixed term savings accounts. The new offering enables customers to get a guaranteed interest rate if they deposit their money with Tandem over one, two or three years, and follows the launch of […]

Providers

Royal Bank of Scotland takes aim at challengers with digital-only bank

April 25 2018

“RBS is moving in on challenger bank territory. The Royal Bank of Scotland reportedly plans to launch a mobile, digital-only banking platform in a beta testing phase in the third quarter. The experience is being designed as a “marketplace” for financial services that would recommend different financial products to customers, whether they’re from RBS or partner companies, which is similar to what Goldman Sachs’ […]

Providers

Digital banking startup Revolut raises $250M at a valuation of $1.7B

April 26 2018

“To put this into context, TransferWise — London’s undisputed fintech darling and on some features a direct competitor to Revolut — recently announced $280 million in Series D investment, giving the company a reported post-money valuation of $1.6 billion. The difference? It took TransferWise seven years compared to Revolut’s three. That’s testament to how much value investors […]