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FinTech Companies That Have Ended the Monopoly on Bank Account

The concept of a traditional financial institution has been widely discriminated when challenger banks came into the scene as a viable alternative to the bank account. Dismembered value chain of traditional banks has been replaced by a range of FinTech players providing the same services, often with better user experience and higher efficiency.

Banking licenses have liberated FinTech even more, creating an ecosystem with a FinTech startup for every bank service. Checking account origination is not a monopoly anymore – a range of FinTech players offer an alternative to bank accounts. Those companies are not third parties anymore; they have become primary ‘institutions’ for banking services for a mass of people across the world. Let's look at some of the most interesting bank account alternative providers among FinTechs in Europe:

Worldcore

Worldcore account allows to get paid through bank wire, load any Visa/MasterCard credit or debit card, make online payments, make withdrawals to th ...

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