ABSTRACT
This chapter examines the business models of some UK FinTech open banking challenger banks and e-money businesses, including Atom, N26, Monzo, Tide, Starling, Revolut, Klarna and Trustly, to understand their business models. Their various business models, including e-money institutions, account information service providers, payment initiation service providers and buy-now-pay-later, seek to reshape the current financial market through leveraging PSD II.
