Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies (opens in new window) for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Manage cookies
Accept & continue
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
myFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
    Most Read
    • China’s economy expands at faster rate than before coronavirus
    • Biden to unwind Trump agenda with raft of executive orders
    • Pompeo tries to pin Biden down with parting foreign policy blitz
    • England extends Covid vaccines to over-70s
    • Capitol siege lands Trump in the rough with golf world
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    • US Presidential Election 2020
    Most Read
    • Pompeo tries to pin Biden down with parting foreign policy blitz
    • Capitol siege lands Trump in the rough with golf world
    • Biden to unwind Trump agenda with raft of executive orders
    • Washington fortified for Biden’s inauguration amid fears of more violence
    • EU sets out plans to curb reliance on dollar in post-Trump era
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Benjamin de Rothschild dies of heart attack at 57
    • Chip shortage forces Audi to delay production
    • ECB threatens banks with capital ‘add-ons’ over leveraged loan risks
    • Renault boss hails EV supremacy on road back ‘from hell’
    • From skinheads to the stock market: how Dr Martens went mainstream
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    Most Read
    • EU sets out plans to curb reliance on dollar in post-Trump era
    • How Joe Biden’s stimulus plan shook up global financial markets
    • How will the European Central Bank react to longer lockdowns?
    • Jenga-like structure builds in credit markets
    • Get ready for self-driving banks
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • Vaccines won’t get us back in the office any time soon
    • Wall Street’s new sheriff is on a mission
    • Why the ECB should go Japanese
    • Britain risks own goal with labour market plans
    • Kristalina Georgieva: ‘We are in a resilient place but cannot take stability for granted’
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Vaccines won’t get us back in the office any time soon
    • The pandemic tests a new generation of graduate trainees
    • How acts of leadership kindness make everyone better
    • BHP’s Mike Henry: core values are the leadership bedrock for mining boss
    • Can you succeed without being a terrible person?
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Beauty and the Brutalists: why the most maligned style in history should be preserved
    • Sarah Cooper: ‘Trump is the most dangerous man to ever hold the office’
    • Next-level India: the secrets of Sikkim
    • Hong Kong diary: locked down in luxury
    • Why house prices may dip but will not crash
  • How to Spend It
  • Sign In
  • Subscribe
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
  • Sign In
  • Subscribe

$50 for your first 3 months Get the print edition and steer from crisis to recovery

Subscribe now

Challenger banks

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Thursday, 17 September, 2020
    Personal Finance
    Revolut saga spotlights concerns over digital banks’ service standards

    Account holder tells of eight-week battle to recover £150,000 bank transfer

  • Tuesday, 8 September, 2020
    Financial services
    Should I use an online bank account for my new business?

    Pros and cons of going for a high street provider versus a newer bank

  • Friday, 4 September, 2020
    City InsiderMatthew Vincent
    A new City cause for Gina Miller

    Brexit opponent is campaigning for a better system for complaining about regulators

  • Thursday, 3 September, 2020
    LexUK banks
    UK challenger banks: held to account Premium

    The pandemic gave small lenders their moment in the sun, but only the specialists really shone

  • Thursday, 3 September, 2020
    Atom Bank
    Atom Bank cuts losses despite collapse of backer Woodford

    App-based lender plans to re-enter mortgage market next week and £100m funding raise

  • Tuesday, 11 August, 2020
    Revolut Ltd
    Revolut racks up losses as hiring spree offsets revenue

    UK fintech remains confident about outlook and says it is on track to break even this year

  • Monday, 10 August, 2020
    LombardCat Rutter Pooley
    CEO changes could be more of a catalyst for pay reform than Covid

    Investors should not celebrate pay parsimony yet; the challenge that challenger banks need to rise to

  • Thursday, 30 July, 2020
    Digital banking
    Monzo gambles on new products to survive coronavirus crisis

    New chief of digital bank looks to premium and business accounts after ‘going concern’ warning

  • Friday, 24 July, 2020
    White collar crime
    What are your rights if your bank account is frozen?

    Rising reports of fraud under lockdown mean banks are on red alert for signs of suspicious transactions

  • Promoted Content
  • Tuesday, 16 June, 2020
    Monzo Bank Ltd
    Monzo value falls 40% in latest fundraising

    Digital bank raises less than expected after growth hit by coronavirus

  • Thursday, 21 May, 2020
    Monzo Bank Ltd
    Monzo co-founder steps down as chief executive

    Tom Blomfield’s move to president comes as challenger bank faces fierce headwinds from coronavirus

  • Wednesday, 6 May, 2020
    FT Secondary Schools
    Meet the teens who want to work in finance

    Winners of the FT’s personal finance competition love learning about money

  • Monday, 9 March, 2020
    OakNorth doubles profits but sees slowdown in growth

    SoftBank-backed lender warns of uncertainty as it takes ‘measured’ approach to expansion

  • Wednesday, 19 February, 2020
    Metro Bank
    Metro Bank’s interim boss Dan Frumkin to take top job permanently

    Turnround specialist faces challenge of winning back investor confidence

  • Wednesday, 19 February, 2020
    LombardCat Rutter Pooley
    Metro Bank mess looks too much for new broom to clear up

    Challenges at challenger; Pendragon’s new salesman; Telegraph’s station spat

  • Tuesday, 11 February, 2020
    N26
    Digital bank N26 to pull out of UK

    German challenger blames Brexit disruption although fintech rivals maintain commitment

  • Monday, 10 February, 2020
    LexDigital banking
    Starling/fintech: Above the murmur Premium

    Biggest task is to persuade customers to switch from bricks and mortar to an app

  • Tuesday, 7 January, 2020
    FT AlphavilleJemima Kelly
    Fintech users just can’t get enough of traditional banks

    New data show challenger banks aren’t managing to convince customers to ditch their old high-street accounts. 

  • Sunday, 5 January, 2020
    Small Talk - CompaniesCat Rutter Pooley
    Challenger banks remain vulnerable despite successes

    Buy-to-let has boosted some post-crisis entrants but reasons for caution persist

  • Sunday, 29 September, 2019
    UK banks
    UK bank challengers are fading in fight with big four

    Fintech invaders from Santander to Metro Bank and Monzo are struggling with regulations

  • Tuesday, 13 August, 2019
    Digital challenger banks stockpile cash at record rate

    Fundraising push comes as sector upstarts court customers with widespread mobile presence

  • Tuesday, 30 July, 2019
    Banking Weekly podcast16 min listen
    Deutsche Bank, challenger banks, Citigroup

    Patrick Jenkins and guests discuss the biggest banking stories of the week

  • Friday, 5 July, 2019
    Inside LondonNeil Collins
    UK challenger banks descend from hype to reality

    Taking on the big lenders is proving much more difficult than investors assumed

  • Friday, 14 June, 2019
    Bank of England finds UK challenger banks cut corners

    Regulator says new lenders are ‘overly optimistic’ in risk management

  • Wednesday, 23 January, 2019
    LexMetro Bank
    Metro/challenger banks: cat flap Premium

    Investors will need a diehard temperament

Previous You are on page 1 Next

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

FT LiveShare News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingContracts & Tenders
Executive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School Rankings
Enterprise ToolsNews feedNewslettersCurrency Converter
More from the FT Group
Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2021. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
    • US Presidential Election 2020
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Graphics
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In