European challenger banks have crossed the pond to the U.S. The banking apps have tailored their products and offering and face regulatory hurdles.
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American Revolut-ion: European banking apps face crowded U.S. market
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“(The newcomers’) product offering and key features might not be as relevant in the U.S. market,” said Yann Ranchere, a partner at venture capital firm Anthemis Group. “Credit cards play a stronger role and FX is of less importance.”
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