Written by Aileen Zaera, Sr. Creative Sorceress of Ugami Inc. Banks have accompanied the history of humanity for millennia in a hegemonic way. But, due to new technologies, this reality is changing at ...

Neobanks, also known as challenger banks, are tech firms that offer online-only financial services through mobile and online banking. Neobanks tend to appeal to tech-savvy consumers since nearly all ...

Thanks to the power of the internet and associated technologies, several companies accrued fortunes providing online alternatives to traditional business and commercial activities. However, finance ...

As people become accustomed to traditional, online-only banking, crypto innovators are building decentralized solutions that could radically change everyday finance. A quick Google search of the term ...

With over 14 million British adults owning a digital only bank account, the need for access to digital assets has never been greater. Digital asset rates are higher than ever, and both banks and ...

Too many banks are failing underserved communities—but used correctly, financial technology can make a positive contribution. Underserved communities usually pay excessive bank fees or even get ...

Revolut card in front of Android Revolut mobile app. UK-based Revolut has approximately 300,000 uses in the U.S. says a Simon-Kucher report on neobanks (Photo by Michal Fludra/NurPhoto via Getty ...

Neobanks have received significant attention but also massive investments from venture capital firms. Neobanks globally raised more than $12 Billion in 2021, despite the global economic slowdown due ...

The Exchange is back after its brief hiatus. Anna and I have some really neat stuff planned, so stick with us every morning this week. — Alex Building a consumer-facing fintech company is expensive.

The global venture capital bet on neobanks is massive. London-based Starling Bank has raised more than $900 million, per Crunchbase. The same data source indicates that Chime has raised $1.5 billion.

Despite coming off a record year of funding, most neobanks remain unprofitable, according to a new report. Without turning a profit, some neobanks may struggle to survive, no matter how many clients ...