New banks, Podcasts

The Challengers 10: Judo raises big bucks down under — Starling nears profitability — Revolut’s cards of many colors

  • Australia is home to a growing fintech scene and its first challenger bank just raised a war chest.
  • In this episode, Josh and Zack also explore the role of payments in digital bank offerings.
The Challengers 10: Judo raises big bucks down under — Starling nears profitability — Revolut’s cards of many colors

Your hosts of The Challengers podcast Zack and Josh talk about Aussie challenger bank Judo and its success in raising a war chest of capital ($400 million). Unlike some other challengers, the Judo founders are in their fifties — not spring chickens — and are from the industry. The Australian fintech scene is definitely getting more interesting as new capital and new companies compete.

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Next up, Zack mentions Zero and its Zerocard‘s creative combination of debit card control with the rewards program of a credit card. It launched recently. We’re seeing challenger banks launch debit cards but also firms that have a niche or nuanced payment model, like Zero, back into being a challenger bank. At the end of the day, they may all be competing over the same customers

Josh dug into the Apple Card launch a bit as a prelude to discussing the move in the industry to launch multiple color cards made out of cool metals. He’s surprised it matters to some people but admits that it does influence their decisions. Revolut recently introduced four new colors of its metal cards.

Next up, your hosts discuss Starling Bank and its growth — the company is on its way to hitting £1B in deposits and profitability. The company doesn’t have the same global ambitions that its other UK competitors like Monzo and Revolut have but it’s turning into a formidable competitor.

Lastly, media firm Fox surprised everyone with an entrance into fintech with an acquisition of Credible, an online loan marketplace. Does this mean more media firms make strategic moves in the space?

Podcasts

Escalent’s Chris Barnes on the slowdown in the digital financial ecosystem

  • A new study shows that growth is slowing in mobile payments, robo-advisers, and crypto.
  • Today's guest describes the current state of the digital financial ecosystem and what can be done to restart growth.
Zack Miller | September 17, 2019
Modern Marketing, Podcasts

Positioned alongside its customers’ financial journeys, Citizens Bank pivots its brand to ‘Made Ready’

  • Citizens went public almost five years ago and continues to evolve.
  • The bank is launching a brand pivot called Made Ready with artist Questlove.
Zack Miller | September 16, 2019
Insurtech, Podcasts

Fabric’s Adam Erlebacher: ‘No one wakes up thinking about how to buy life insurance’

  • Buying life insurance via digital channels isn't just about getting a policy.
  • Firms like Fabric are using a collaborative planning process to nudge customers the right way.
Michael Deleon | September 09, 2019
Payments, Podcasts

Deep Dive: Beautiful design and functional innovation come to the physical card

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Awards, Podcasts

Best Bank + Fintech Partnership Award 2019: TD Bank and Hydrogen

  • In Tearsheet's first Bank + Fintech Partnership Award, we're highlighting TD Bank's work with Hydrogen.
  • We talked to executives from both companies about the ingredients for success on this collaboration.
Zack Miller | September 04, 2019
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