May 19, 2020

Top 10 challenger banks

Andrew Woods
5 min

When the 2008 Financial Crisis shattered public trust in banking institutions, the world’s most innovative financial entrepreneurs saw an opportunity. 

Banking had long been open to only a few players, but the political fallout from the crisis, combined with new technological developments, made it easier than ever for competitors to emerge. This marked the rise of “challenger banks,” or firms that upended the traditional playing fields by offering financial services through exclusively digital means.

The following 10 challengers represent the most promising firms in the industry, with the potential to continuously redefine banking for years to come.

Share article