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Nubank
NuBank is known worldwide as the largest Fintech around the majority of South America and the most innovative Fintech. The main office is located in São Paulo, Brazil and they have offices in Europe as well. This bank allows users to create a digital account and an international credit card without any fees. All transactions can be tracked quite easily in real-time, all through an app you can install on your mobile phone.
N26
N26 is a digital bank that has its headquarters in Berlin, Germany. This bank offers services, transactions, etc. to all members of SEPA (Single Euro Payments Area) and the United States of America. For those living in the U. K., operations have been suspended for a few months until the terms of the Brexit are finalized. N26 includes a current account and a debit MasterCard for free while providing a Maestro card in certain countries.
Revolut
Revolut has its headquarters in London, United Kingdom. It provides GBP and EUR bank accounts among the other services. Besides this, they provide crypto bank operations services like cryptocurrency exchange of Bitcoin, Ethereum, etc. into about 25 different fiat currencies.
Monzo
Monzo is a U. K. based digital bank that was one of the first app-based banks available. Now it has over 4 million customers who have deposit accounts with them. Besides the usual banking options, they also have business bank accounts available for sole trader and small- to medium-sized businesses.
Chime
Chime is a digital bank that provides financial services without the fees, through their web page or a mobile app. This account is easily accessible through a visa card provided by the bank. Since revenue is earned through the interchange, customers are encouraged to use their visa cards for all transactions.
Starling Bank
Starling Bank is a bank headquartered in the United Kingdom. It is a regulated and licensed bank that deals with current accounts and business accounts.
Tandem
Tandem neobank works on the idea of conducting banking through mobile applications. The tandem credit card is amazing for travel as you are not charged any extra fees, whether used in the domestic country or internationally.
Cashplus
Cashplus benefits both personal account customers as well as business account customers. Although their current accounts charge a monthly fee, you can maintain a secure account without any hassle, even with a low credit score. You can also use their various services like the credit builder to improve your credit score over the year, with no risk.
Atom Bank
Besides savings accounts, Atom Bank also provides business loans and mortgages to their customers, all through their online app. This challenger can be used alongside any existing current accounts you already possess, to help with your savings.
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Skrill
Skrill allows you to send and receive money on the go. When traveling globally, you can take your money with you, all in an online wallet, through an app on your phone. With crypto in the picture, Skrill now allows you to receive and send cryptocurrency as well.
The traditional banking industry has survived a long time without any other competition from the outside. The future of banking now is digital, online, and through blockchain.
With the emergence of Bitcoin challenger banks among the others, people in rural areas have better access to money wherever they are by just pushing a few buttons on their smartphones. They can open digital accounts for fiat money or exchange crypto as well. This is definitely a positive leap in the right direction for finance management.