Member Exclusive, New banks

What’s happening in challenger banking, June 2021

  • Tearsheet publishes Challengers, its bi-weekly newsletter on what's happening in digital banking.
  • Here are the the ins and outs of how digital is impacting the business of banking as of June 2021.
close

Email a Friend

What’s happening in challenger banking, June 2021

Tearsheet publishes its bi-weekly newsletter Challengers, underlining the important moves and stories in digital banking. Subscribe here.

Challenger banks continue to be knee deep in the niching game. And freelancers and small-business owners may turn out to be a promising segment to zero-in on. — Rivka Abramson

Our top stories

‘There is not one day that is predictable when you’re in start-up mode’: A Day in the Life of Toni Harrison, CMO of Fair

4 charts on banks’ digital transformation strategies

‘We’re building a new category’: Banking solutions for freelancers could become a hit

Cheese, a digital bank for immigrants, rolls out rewards geared towards Asian-owned businesses

‘I don’t need you to add a rainbow to your social media’: Daylight’s #CallMeByMyName campaign targets the American Bankers Association

Banking software providers are helping their clients go digital


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “What’s happening in challenger banking, June 2021”

New banks

Lili expands its account options as it goes after more experienced freelancers

  • The demand for freelancer banking may be heating up.
  • Freelancer focused challenger bank Lili is stepping up its game with its launch of Lili Pro.
Rivka Abramson | August 03, 2021
New banks

Cheat Sheet: Google to launch virtual Google Pay card

  • Google Pay users will be able to spend their balances using a virtual card.
  • In addition to Google's plans to launch bank accounts, this move solidifies Google as an important player in digital finance.
Zachary Miller | July 29, 2021
New banks

Acorns automatically jacks-up fees on subscribers paying $1 per month

  • Acorns is approaching going public via a SPAC.
  • The firm recently told customers in its lowest subscription tier that it was raising their fees by 3x.
Zachary Miller | July 28, 2021
New banks

Midwest BankCentre shows how community banks can compete with new players

  • Midwest BankCentre launched Rising Bank to grow its deposits by $200 million in two years.
  • Embedded finance is expected to generate about $230 billion in revenue over the next five years.
Shehzil Zahid | July 21, 2021
New banks

Remitly targets U.S. immigrants with new banking features in its Passbook app

  • Remitly has launched several new digital banking features in its Passbook app.
  • Features include early access to pay, instant P2P payments, and immediate Visa debit card access.
Ismail Umar | July 12, 2021
More Articles