Fintech
- Banking
Square’s bank accounts lay groundwork for a super app
The new holy grail of fintech is the so-called super app. But even a super app needs a few mild-mannered…
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Ex-TIAA CEO Roger Ferguson joins the board of fintech Klarna
Less than a month after retiring as president and CEO at TIAA, Roger Ferguson Jr. is adding a new title…
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Banking tech startup is unicorn with $250 million from SoftBank
The banking technology provider Zeta raised $250 million from SoftBank Vision Fund II at a valuation of $1.45 billion, winning…
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Is MoneyLion building the first open U.S. bank?
Though many banks and fintechs use the term “open banking,” few have anything that remotely resembles it. The challenger bank…
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Atlanta Fed raises flags about fintech’s impact on financial inclusion
The Federal Reserve Bank of Atlanta has created a cross-industry group to bridge the gaps created between financial innovations and…
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Former Radius chief brings fintech mentality to New York de novo
Michael Butler is ready to shape the future of Grasshopper Bank, a New York de novo that just started its…
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Most borrowers prefer hybrid user experience, not just tech: survey
As financial technology becomes increasingly paramount for more mortgage providers, the vast majority of consumers want communication methods that involve…
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PayverisCU clients demand more than faster payments
PayverisCU has brought more clients on board by offering faster payments, and a platform that promises more. The credit union…
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After crackdown on Chime, Green Dot trumpets bank status
For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. As more fintechs offer…
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As fintechs develop ‘super apps,’ are banks partners or rivals?
For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. More fintechs are developing…
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Klarna takes up WeWork space for new London office in hybrid working strategy
Payments fintech Klarna is to open a new office hub in London, opting for hot-desking magnate WeWork as it builds…
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Fintech startup Lanistar obtains FCA approval
Lanistar, the fintech startup which last year landed itself in hot water with several regulators, has received approval from the…
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How five banks gang-tackled one nagging escrow problem
Like virtually all community banks, Kearny Financial in Fairfield, N.J., faces a technology challenge: limited time and resources to create…
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Tech giants risk squeezing out banks, French watchdog warns
Payment services run by Apple, Google and Amazon may need monitoring as the tech giants’ largely unregulated financial products squeeze…
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Pacific Western rolls out virtual credit card for business clients
Pacific Western Bank is partnering with the fintech Extend to provide business clients with the ability to generate virtual commercial…
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JPMorgan launches blockchain venture with Temasek for central bank digital currencies
JPMorgan has created a new company to tackle cross-border payments using blockchain technology with Singapore state-backed fund Temasek and DBS. …
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Petal offers alt-data underwriting tech to banks. Do they want it?
Petal, an online credit card provider, has started offering its cash-flow-based underwriting technology to banks and fintechs. It’s also providing…
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Darktrace set to debut in London at reduced £1.9bn valuation
Cybersecurity startup Darktrace is set to go public in London next month at a lower valuation than previously expected, as noise…
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Biden’s tax plan prompts crypto sell-off, forcing bitcoin below $50k support line
Cryptocurrency prices have fallen across the board, ending a recent rally for ether and pushing bitcoin below the $50,000 mark.…
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Former Citi exec joins Israeli fintech startup
Former Citigroup executive Tsafrir Attar is to join Israeli fintech startup The Floor as its chief technology officer. Attar is…
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Revolut enters India with appointment of ex-Flipkart exec Chatterjee
Revolut named Paroma Chatterjee as its chief executive in India, as part of an initial expansion effort into the region.…
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WeWork to accept crypto for membership fees and pay landlords in bitcoin
Flexible office space provider WeWork has said it will roll out a way for members to pay their fees and…
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Goldman Sachs plugs £50m into British challenger Starling Bank
Fintech firm Starling Bank has closed a £50m investment by the growth equity arm of Goldman Sachs, adding to its…
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Plaid raises $425m following flopped merger with Visa
Fintech startup Plaid has raised $425m in fresh funding, after its sale to payments giant Visa in a $5.3bn deal…
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Currencycloud’s John Hammond rejoins co-founders as Railsbank executive
The founding team of payments firm Currencycloud has reunited following the appointment of industry veteran John Hammond as Railsbank’s next…
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Pressure mounts on Coinbase IPO as crypto exchange prepares to face the hype
Coinbase is set to make history for cryptocurrency companies everywhere this week, as it prepares to list its shares publicly on…
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Coinbase’s popularity among Reddit’s retail brigade topped GameStop and Tesla
Retail investors lined up in droves to buy shares of cryptocurrency exchange Coinbase as it debuted on the Nasdaq, surpassing…
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Symphony CEO Gurlé steps down, Levy takes helm in management shake-up
The chief executive of Symphony, the communications provider for banks set up to rival Bloomberg, is to step down on…
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What the demise of Barclays’ P2P app means for other banks
For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. Barclays was well ahead…
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Fifth Third CEO ‘very concerned’ about fintechs
Fintech firms pose a long-term threat to the banking industry, particularly if they’re allowed to compete on an uneven playing…
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