The Latin American consumer banking market is vast, yet over 40% of consumers are currently underbanked. Foreign banks looking to enter the market can tap this audience, but they should learn from and partner with local fintechs to do so.

Neobank funding bonanza shows promise still outweighs profitability—for now: Globally, challengers brought in large funding hauls that signaled investors’ continued confidence in the space. But their patience in the face of commoditization and unprofitability won’t be endless.

Monzo follows a slew of its global peers in winning a big funding round. Now these players must make smart spending decisions that demonstrate their maturity to investors.

Compliance risks loom for neobanks that ‘move fast and break things’: Digital-only banking players need to put anti-money laundering (AML) measures higher on their list of priorities and invest accordingly, a regulatory tech firm states in a new report.

The Europe-based neobank’s acknowledgment of an increasingly apparent reality and its soft retreat could indicate other foreign neobanks are struggling to crack the US market.

The German neobank will pursue growth in established markets and make a push into Eastern Europe. This prioritization clarifies its strategy and is in line with other big challengers.

Monzo’s losses widen while its revenue stays strong: The UK neobank’s annual report reveals a mixed bag of news: Its deposits are soaring, but it’s the subject of a Financial Conduct Authority (FCA) probe. Its results show it’s less volatile than Revolut, but it’s missing Starling’s stability.