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
TOP 10
TOP 10
CHALLENGER BANKS
Edited by : ANDREW WOODS
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