The South African challenger bank Tyme intends to use the capital to fund its expansion in South Africa and to support GOTyme in the Philippines.
A new report by Facts and Factors Market Research says the challenger bank market could top $500bn by 2027; this...
Challenger bank, Masthaven, launched to offer savings and lending products that they say traditional lenders have ignored; they are the UK's first owner-owned bank where 80% of employees own the bank; the bank uses "smart technology" to help customers meet certain savings goals or decide on loan products they feel would be right for them; Masthaven has been around since 2004 as a specialty lender and will also break into the mortgage market in 2017. Source
Europe is leading the global market in challenger banks and also providing examples for the future of banking; as digital banks increasingly gain market share a number of Europe's large banks have announced branch closings including Lloyds, RBS and NatWest; AltFi discusses the ideal bank of the future reporting on the growth of challenger banks and their potential to open physical branch locations. Source
2019 might prove to be a turning point for challenger banks as they turn towards the next decade with the...
Challenger banks doubled their lending operations to $150bn in 2019 from 2012/13 as they push further into traditional banking lines...
According to a new report from Accenture high street banks face the possibility of losing up to 8 percent of...
CYBG recently made a takeover approach of rival Virgin Money as challenger banks look for solutions in what has become...
China's fintech sector is growing with new technologies and companies developing solutions for payments, loans and online investing; Forbes provides details on the market and discusses challenges; while the market has been conducive to new innovation, tighter regulations could be a factor and a lack of skilled workers could also affect the market's development. Source
Anthony Noto will become SoFi's CEO effective March 1; American Banker outlines the five challenges that Noto will face as he enters his new role; list includes reforming SoFi’s culture, determining when to go public, deciding how to grow, whether to go forward with a bank charter and proving that he has the right background. Source