banking Archives - Hydrogen

5 Popular Challenger Banks in Africa

The majority of Africans remain unbanked, which has had a serious impact on economic development, but this is rapidly changing. According to Statista, in 2017, 298 million people in Africa had a bank account, which is only about 24% of the population. However, they estimate that by 2022, 456 million…

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5 Popular Challenger Banks in Latin America

Challenger banks, or neobanks, in emerging markets, like Latin America, provide a huge opportunity for fintech companies. There is a large consumer base, many of whom are unbanked or underbanked, which provides these challenger banks with the opportunity to gain new customers by leaping over more traditional financial service providers.…

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What Is a Challenger Bank?

Sometimes called neobanks, challenger banks have no brick-and-mortar branches or physical locations. They are entirely digital, and some might technically not even be banks at all. The services offered by challenger banks are typically available through mobile apps or websites and might include the ability to transfer money between accounts,…

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Popular Challenger Banks in the United States

Challenger banks are hard at work across the world, using digital technology to disrupt traditional banking business models and streamline retail banking, changing banking as we know it. According to a recent report from Cornerstone Advisors, 14.2 million Americans consider a digital bank to be their primary banking relationship. This…

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Popular Challenger Banks in the United Kingdom

Challenger banks are using digital technology to disrupt traditional banking business models and streamline retail banking. Open banking has played an important role in the rise of challenger banks, which has resulted in the United Kingdom becoming a hot-bed for challenger banks disrupting the banking industry.  According to Accenture, about…

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Popular Challenger Banks in Canada

The five largest banks in Canada have an estimated 90% of the total market share. Challenger banks are looking to change that. Challenger banks based outside of Canada, like Revolut, are finding success, and the traditional banks are taking notice. With an already thriving fintech scene in Canada, traditional Canadian…

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The Top 20 Challenger Banks

Challenger banks are online, internet, or digital banks. They are competing against more traditional, incumbent banks, which is where they get the name “challenger” from. These challenger banks are hard at work across the world, using digital technology to disrupt traditional banking business models and streamline retail or small business…

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Understanding WSO2 & Open Banking

In a world where open banking is the future of fintech, banks and other financial institutions need to understand both WSO2 and PSD2. With regards to implementation, WSO2, an open-source technology with a platform for integrating application programming interfaces (APIs), applications, and web services, is often regarded as a better alternative…

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