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Global

OPEN BANKING AND THE POST-CARD WORLD

September 7 2018

“Open Banking will be the biggest change to financial services since the introduction of electronic payments. However, to date Open Banking has fallen short of the expectations set throughout Europe. Why? Consumers aren’t aware of the initiative—92 percent of them are not, according to Which?—let alone educated on the opportunities that it presents. Without consumer demand, there […]
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Providers

Neat is a challenger bank for early-stage startups and SMEs

August 10 2018

“With the growth in cross-border payment services and ‘challenger’ bank cards for consumers, you’d be forgiven for wondering where the options are for small business — where cash is particularly precious. They do exist. One of the newer options is Neat, which is nested in Hong Kong but open for business worldwide.”
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Providers

Starling Bank Unveils Banking-as-a-Platform APIs

August 3 2018

“These businesses can pick and choose individual components and features, as they use Starling’s banking licence – which means they do not need to be regulated themselves. Raisin UK is Starling’s first business client for this offer, an online savings marketplace that allows customers to pick savings deals on the market to meet their individual […]
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Providers

U.K. Fintech Revolut Gets European Banking License Via Lithuania

December 13 2018

“Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European country’s central bank, granted Revolut the regulatory approval that gives it permission to operate throughout the European Union.”
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Providers

Challenger bank N26 plans to expand to Brazil

February 27 2019

“N26  has already announced that its next market would be the U.S. at some point during the first half of 2019. Brazil should launch after that. Right now, N26 is available in 24 European countries, including all of the Eurozone, the U.K., Denmark, Norway, Poland, and Sweden, Liechtenstein and Iceland.”
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Global

Meridian Set to Launch Its New Digital Bank Called Modusbank

February 5 2019

“Meridian has been given the green-light by the Office of the Superintendent of Financial Institutions to move ahead with its new digital bank, Motusbank. The digital bank, set to open this spring, and will allow Canadians to access their bank accounts, investments, and mortgages online, while offering digital customer service from real people. Through Meridian, members […]
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Providers

Challenging the Challenger Banks

March 14 2019

“Fintech start-ups have begun a phenomenon some call the “unbundling of financial services” through stand-alone products such as unsecured consumer loans, credit cards, checking and savings accounts, or personal financial management tools. A cohort of entities known as “challenger banks” or “neo-banks” have also entered the market in an attempt to take on digital banking […]