2020 will be a challenging year for challenger banks Startup banks are well-funded, but do they have what it takes to disrupt the industry?

This isn’t meant to be an exhaustive list as it’s becoming increasingly hard to cover all challenger banks.

Subscription-based business modelThere are a few basic features that separate challenger banks from legacy retail banks.

Challenger banks usually customers promise no markup fees on transactions in foreign currencies, but there are sometimes some limits on this feature.

Some challenger banks develop those features in house, but many of those features are actually managed by external fintech partners. | To read full story, visit https://startuparound.com/read/1578195015.6244254/2020-will-be-a-challenging-year-for-challenger-banks-–-TechCrunch?ref=audio_experience