Tag: Challenger banks

FinTech Wire #48: TrueLayer Gains Unicorn Status, Recognise Gets Green Light from the PRA

Weekly FinTech news digest: 21—27 September 2021

This week the news is all about open banking. From a new Unicorn company through illuminating findings on the EU bankers’ attitudes to the UK’s largest seed round of any open banking startup. Apart from that, we’re taking a look at an SME challenger bank, a partnership built around cryptocurrency, and a study on embedded finance. Read on to get the full story.

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The Rise of African Neobanks

Can you make money by serving people of humble means? Can you sustain a business addressed to people outside of the global financial system? Limited market opportunities and few coins in the pocket don’t have to be a dead end. As Bill Gates once said: there’s a difference between banks and banking. If you need proof that FinTech companies can provide quality services to customers despite their financial status, look at neobanks in Africa.

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