Neobanks and InsurTech startups among the 23 FinTechs raising money last week Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week. Can traditional banks compete with Fintech? Big banks are losing money on the average consumer, who gets turned off by unexpected fees and penalties. The customer acquisition costs of running a bank are so high that it is difficult for any bank to be profitable on the average bank account.…