In response to challengers, Green Dot is growing its platform business
With digital-only banks picking up millions of customers, Green Dot is focusing on the diversification of its offerings to clients. As banking startups build their customer bases, the company is...
View ArticleApple Card’s gender-bias claims look familiar to old-school banks
Apple Inc. pitches its new card as a model of simplicity and transparency, upending everything consumers think about credit cards. But for the card’s overseers at Goldman Sachs Group Inc., it’s...
View ArticleToronto-based Vouchr is helping banks make payments more social
Banks may tout the simplicity and speed of peer-to-peer payments service Zelle, but compared to PayPal-owned Venmo, the experience can seem impersonal. The Venmo social feed, with its ubiquitous beer...
View ArticleGoogle partners with Citi to offer customers checking accounts
Google has partnered with Citigroup Inc. and a local California credit union to offer consumer checking accounts, a person familiar with the matter said. The product will launch in 2020 with Citigroup...
View ArticleTemenos is betting on a social banking tool to help small banks compete
To Switzerland-based banking tech provider Temenos, a human-centered digital approach will help small institutions compete with large players. Through its acquisition of software-as-a-service provider...
View ArticlePoint-of-sale financing an untapped opportunity for banks
Banks need to embrace new customer acquisition models or risk falling behind, a recent Accenture report argued. The report, titled 5 Big Bets in Retail Payments in North America, examined how banks...
View ArticleWith EVERFI training partnership, Zelle focuses on Gen Z
Early Warning Services, the bank-owned company behind peer-to-peer payments service Zelle, is on a path to position the brand as part of a solution to financial health challenges, particularly among...
View ArticleRTP network growing 25% every month: The Clearing House
The Clearing House reports that its real-time payments (RTP) network is growing more quickly than anticipated. Speaking at an industry conference in New York this week, Steve Ledford, senior vice...
View ArticlePorn site says PayPal ban will hurt more than 100,000 performers
PayPal Inc. is blocking transactions at Pornhub, a move the adult-video site says will halt payments to “over a hundred thousand performers who rely on them for their livelihoods.” PayPal took steps to...
View ArticleMarqeta adds CMO and new tools to help clients expand
A company that operates quietly in the background of popular financial apps and platforms is taking steps to become more visible. While large consumer-facing fintech companies like Square, Klarna,...
View ArticleWeekly Wrap: FICO fights fraud with selfies, as tech providers pitch ‘social’...
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 15, 2019. In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor,...
View ArticleAdyen launches card issuing product to deepen relationships with clients
Adyen, the Netherlands-based company that supports back-end payments capabilities for marketplaces like eBay and Etsy, is getting into card issuing. The product allows marketplaces to issue cards to...
View ArticleBig tech acting like banks should face same rules, Germany says
Germany has a message for big tech companies: Get ready to be regulated if you want to offer banking services. “It’s really, really important” to ensure a level playing field between banks and new...
View ArticleFacebook beefs up e-commerce capabilities with digital payment wallet
Facebook is adding a digital payment method to its platform, a move which will facilitate retail transactions, and ultimately encourage customers to stay within its ecosystem. Facebook Pay, which was...
View ArticleThe future of banking is about data-driven experiences and not products: HSBC
The bank of the future will cease to be about specific products and services. Instead, it will offer embedded “experiences” based on data the institution has on its customers, according to a report...
View ArticleBMO rolls out photo-based autopay feature
Bank of Montreal is rolling out a new feature that allows customers to pay bills without having to log into their online bank accounts. Earlier this month the bank launched BMO QuickPay, through which...
View ArticleAnt may join race for Singapore virtual bank licenses
Billionaire Jack Ma’s Ant Financial Services Group said it may apply for a virtual banking license in Singapore, a move that would add a heavyweight contender to the race. “We are actively looking into...
View ArticleThe Clearing House adds HSBC and Wells Fargo to its real-time payments network
The Clearing House‘s real-time payments network is quickly picking up new bank partners, with Wells Fargo and HSBC joining it to support business transactions this week. Both banks’ corporate and...
View Article‘Partners in the driver’s seat’: How Green Dot is differentiating its...
As large tech and retail brands like Uber, Stash and Walmart roll out banking products, Green Dot is the bank partner, quietly operating in the background. To Green Dot, its platform business is a...
View ArticleWorldRemit opens Toronto office to help grow Canadian customer base
U.K.-based digital money transfer company WorldRemit opened its Canadian headquarters in Toronto this week, a move that puts it in the midst of a growing market for cross-border payments solutions...
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