White Papers and Reports

The challenge facing the challengers

The climate has changed for fintechs and challenger banks. They are entering unchartered territory amidst rising interest rates, echoes of a recession, tightening funding and pushback from incumbent banks.

The challengers are all customer-centric, leveraging disruptive technologies such as AI to develop compelling customer experiences. But how do they navigate through…

  • Profitability barriers?
  • The uncertain path for growth?
  • Rising interest rate and recessionary environment?

About the Author

Kanika Hope is the Chief Strategy Officer, leading Temenos’ global business strategy with responsibility for market intelligence, strategic sales support and value-based selling. Kanika joined Temenos in 2015 as Global Strategic Business Development Director and she laid the foundation of value selling in Temenos. She established the renowned Temenos Value Benchmark program and an influential series of thought leadership insights on strategic banking issues and trends.

Kanika has nearly 30 years experience in banking technology and operations and has held senior roles within SAP, McKinsey and General Electric. Kanika holds an MBA from the Indian Institute of Management, Bangalore.


challenger banks globally


worth in 2022 compared to $161B in 2017

up to 75%

lower operational cost from fully operating digitally