The acquisition could give Zip a path into long-term financing and a user base boost as competition mounts and regulation looms.
UK-based Monese’s in-house Credit Builder product lets customers develop credit histories through savings deposits. The data could also grow its lending.
US community banks hold onto their branches: A survey finds that local banking players are eschewing their larger competitors’ branch-axing strategies. Instead, they’re adding complex services for which consumers prefer in-person support.
Plaid seeks to avoid repeat of $58M data-gathering lawsuit: After settling litigation claiming it gathered more user data than necessary, the open-banking provider will offer greater transparency to US users on its data management practices.
On today's episode, we discuss why the West's answer to super apps is finally taking shape, why cryptocurrency sells out as governments buy in, and what kinds of new revenue sources digital brokers are hunting for. We then talk about how JPMorgan Chase is planning on spending its increased yearly technology budget and what will be largely responsible for driving fintech funding to new heights. Tune in to the discussion with eMarketer principal analyst Eleni Digalaki and vice president of content and head of financial services at Insider Intelligence Daniel Van Dyke.
The fintech will launch a credit card next month that lets users earn an average yield of 6.04% on purchases—but costs $750 a year.
Opportunities will abound this year, too, due to diminishing cash use and the enormous latent demand for fintech services.
UK launch of Tink’s income tool is well-timed: The open-banking provider’s Income Check offering could gain traction due to the FCA’s upcoming repeal of the 90-day re-authentication mandate.
An IPO could offer Chime a wealth of possibilities: Going public could help the US neobank fund new business lines. The timing is key as challengers’ differentiation from incumbents keeps eroding.
Banking in a post-overdraft world: Regions is shaking up its mix of income sources after lowering its customers’ risks of incurring overdraft penalty charges.
Three billion fraudulent emails go out globally each day, often aimed at unleashing cyberattacks on companies of all types.