US Digital Banks
While Europe digests digital challenger banks and Asia mulls ewallets and digital banking licenses, the US incubates an armada of digital banks. Sample:
- T-Money - Telco bank pays 4% interest while everyone else pays 1%
- LikeBank - A bank that lives in messaging apps (telegram etc)
- Envel - Emphasises the slow accumulation and safekeeping of money
- Chime - Mobile check deposit (just take a pic) and virtual cheque book
- Watermark - Digital bank for businesses: treasury, liquidity, lending
- Mi - Business banking: e-cheques, money market, cardvalet
- RisingBank - Focus on Certificates of Deposit and High Yield Savings
- Azlo - Digital banking that integrates with Quickbooks, Xero, Wave
- Zenus - Open a US bank account from outside of the US
- Oxygen - Bank for gig-economy: awarded best digital bank in US
- Joust - Digital merchant account for independent professionals
- StudioBank - Boutique bank for creators
- Step - Mobile banking for teens
- Simple - Tells you how much of your money is Safe-to-Spend®
- GoBank - Has 'fortune teller' (budgeting) and 'money vault' (stashaway)
- Booyah! - A bank that uses MLM-like techniques for recruitment
- Aspiration - Donates 10% of profits to charity, invests only in green funds
EU Digital Banks
Not to be eclipsed, Europe is building a second wave of digital banks. Sample:
- Galeo - Open a bank account in whichever country we operate in
- Prepaid - Banking via wearable wallets: FitbitPay, GarminPay
- Bó - Royal Bank of Scotland-NatWest's digital only bank
- CountingUp - Integrated current account and bookkeeping
- Monese - Named best challenger bank in Europe
- Fire - Open multiple GBP & EUR accounts for segregating funds
- Engage - Digital community bank: high street without the costs
- Griffin - White label digital bank: start a digital bank fast
- Contis - White label digital bank: skin our UX or build from API
- Osper - Prepaid debit card and money management app for kids
- PixPay - Teen digital banking with paired parent-teen app fr
- 131 - RU digital bank that facilities engaging RU gig workers
- Anna - Comes with merchant account, debit card and invoicer
- Bud - Open banking: 2-way marketplace for financial products
- Cleo - Money management app [has potential without being a bank]