Banking Technology March 2019 issue out now
A note from our editor-in-chief, Tanya Andreasyan:
Hello spring, time of new beginnings! In the March edition of the magazine, we are looking at the fresh faces of the industry – start-ups, challenger banks and financial services providers, and all those hoping to get a slice of the fintech pie.
We’ve put together a comprehensive list of challenger banks in Spain and the technology they are using.
We also interviewed Anthony Thomson, chairman of 86 400, a challenger bank in Australia, about what makes it different from its rivals and its plans to take on the “big four” heavyweights.
We also discovered Initium, a corporate challenger bank in Switzerland, and Morning, a neobank in France; and reported on the latest funding round of Nordic banking start-up Lunar Way.
In South Africa, TymeBank has launched, described as “the first majority black-owned retail bank in South Africa”.
In Canada, Motusbank is a new kid on the banking block, focused on digital banking and gearing up for launch later in spring. It is a creation of Ontario-based Meridian Credit Union.
In the US, we found two recent additions to the banking scene – Rising Bank in the Midwest and LikeBank in New York. The former is being launched by a Missouri-based old timer, Midwest BankCentre, and is focused on “making the community banking experience digital”; whilst the latter hopes to provide its banking services directly via messengers and plans to partner with a Russian bank for launch later this year.
But of course, no country at present can beat the UK in challenger bank activity, where the start-up numbers are reaching fever pitch. Check out Diaspora, a trade finance challenger from London; Griffin, a London-based wholesale bank; plus two SME-focused banking start-ups – AlbaCo in Scotland and Ursa Finance in Manchester. And not to forget a savings start-up for travellers, Moneycado.