Challenger banks

Voice-recognition software used by HSBC to stop fraud was fooled by a BBC reporter and his twin brother. HSBC is reviewing ways to make the ID system more sensitive Research, conducted among 2000 [...]

Monzo has prioritised launching current accounts for its 190,000 customers over the development of a full featured public API. However, the bank still intends to launch a public API and developer [...]

Bank of Ireland has announced it is investing €10m into branch development. The bank is also setting up a ‘Startlab’ incubator facility above its Camden Street, Dublin branch Challenger banks [...]

Headlines in Banking for this week Santander made €585m from money transfers in 2016, or nearly a tenth of its global profit of €6.2bn, according to documents seen by The Guardian. The leaked [...]

Several challenger banks have emerged in the United Kingdom, but Monzo is probably the most popular one. Built entirely from scratch onto a mobile native app, Monzo offers a series of [...]

What you need to know: Masthaven bank, an online-only bank started operating as an alternative to the conventional banks in the United Kingdom. The PRA and FCA granted the challenger bank’s [...]

What you need to know: The Office of the Comptroller of the Currency (OCC) proposed a bank charter for fintechs that would allow challenger banks to offer more products and services without the [...]

What you need to know: This article describes central policy changes in UK, US and Canada. In the United Kingdom, changes in policy increased the amount of banking license grants and [...]

Numerous articles are currently being published about Banking as a Service (BAAS) and Application Programming Interfaces (APIs), and how the banking industry will be transformed. However, it is [...]

In this article we will look at ideas that banks have already started to offer and will mature during the next few years. I believe it will help decision makers in banks, to check whether they [...]