Citi Says Incumbent Banks Looking at a 30% Revenue Hit
A new report out by Citi says that new digital-first challenger banks may cause a 30% revenue hit to incumbent banks built on aging technology; to ...
OakNorth Triples Profit in 2018 to £34 Million
Leading UK challenger bank, OakNorth, has released its 2018 results showing that profits increased to £33.9 million, a 220% increase from 2017; OakNorth has taken ...
Revolut Riding the Fintech Investment Boom
The fintech world is awash in capital today and one of the places on the receiving end of this seemingly endless supply of capital is ...
Metro Bank Shares Lose Nearly 40%
Metro Bank is a UK challenger bank which recently shared a mistake in how they classified their loan book; the mistake related to how ...
N26 Expands Further into Europe
N26 is expanding to Denmark, Norway, Poland and Sweden after launching a few weeks ago in the UK; the German-based challenger bank was founded in ...
Monzo Publishes Annual Report
Monzo reported losses of £33.1 million, up from £7.9 million for the year ending February 2018; deposits totaled £71.2 million or about £150 per customer; ...
UK Challenger Banks See Consolidation Coming
UK challenger banks expect the M&A activity to rise in 2018 after seeing a number of deals last year; “Last year’s transactions involving Aldermore ...
CNBC Speaks with Anne Boden, CEO of Starling
Starling is a challenger bank based in the UK; Boden speaks about Starling, open banking and how she came to discover fintech which in turn ...