New and Beta banks, feature comparision by Stave Partners. For more information and reports please visit: www.stavepartners.com For partnership: info@stavepartners.com

1. LEARNINGS FROM
CHALLENGER BANKS
April, 2019
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2. NEWFINANCIALINSTITUTIONS
With PSD2, fully digital
companies gained a power of
offering every financial products
from loans to insurance. Many
traditional banks are thinking
challenger banks as a threat.
However, ‘challenger banking’
is a very new concept and
traditional banking have many
things to say.
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3. New Banks Beta Banks Neo Banks Non-Banks
• Have banking license
• Independent institutions
• UK is the leading country
• Owned by a traditional bank
• Provide services via existing
bank’s license
• It can be use as go-to-market
product
CHALLENGER BANKS
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• Use partners for services which
are require banking license
• Typically provide account or card
admistration with greater
interface
• Use partners for services which
are require banking license
• Typically provide account or card
admistration with greater
interface

4. OFFERINGS|NEWBANKS
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Feature N26 Monzo Starling Bank
Spending summaries
Apple Pay/Google Pay Integration
Free Withdraw (Abroad)
Link/NFC/Bluetooth Money Transfer
Freeze/Defrost The Physical Card
Joint Accounts
Cheaper International Transfer
Credit Card
Business Accounts
Loan/Overdraft
Tiers
Up to £200Only Black Tier Only Exchange
Essentials
• Spending summaries
• Apple/Google Pay integration
• Solutions for travel abroad
• Freeze/defrost feature for
safety
• Cheaper international transfers
Those are the some of the core
essential new bank features.
Recent EU regulations changed
the way of doing business of new
banks too. Starling Bank has a
marketplace for other digital
solutions where Starling is
partnering with them.

5. OFFERINGS|BETABANKS
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Feature
Sberbank
Direct
Enpara by
QNB Turkey
Simple by
BBVA
Spending summaries
Apple Pay/Google Pay Integration
Free Withdraw (Abroad)
Link/NFC/Bluetooth Money Transfer
Freeze/Defrost The Physical Card
Joint Accounts
Cheaper International Transfer
Credit Card
Business Accounts
Loan/Overdraft
Tiers
Essentials
• Fee-free banking
• Easy KYC process
• Easy account management
• Better interest offerings
Beta banks are subsidary product
of the traditional banks. For now,
people are expecting fee-free
banking from beta banks.
However, competitive intensity in
banking is increasing. Beta banks
like simple, start to provide some
features like new banks.
Partially

6. MORE? LET’S BUILD
THE NEXT CHALLENGER!
April, 2019
info@stavepartners.com
www.stavepartners.com