US is now Afterpay’s largest customer market
Afterpay’s efforts to embed itself in the U.S. retail ecosystem are showing results. The point-of-sale lender announced this week it has more U.S. customers than customers in New Zealand and in...
View ArticleWeekly Wrap: Banks and aggregators debate ‘screen scraping’
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 28, 2020. In this episode, editors discuss the following news developments: Gulf Capital Bank raised $93...
View ArticleTD Bank: Digital growth drives results
TD Bank’s digital strategy is showing results. The bank said it’s investing heavily in digital channels, making it the largest digital bank in Canada. TD noted that, according to App Annie data, the...
View ArticleRobinhood suffers online outage with US stocks rebounding
Robinhood Markets Inc.’s brokerage website experienced technical issues Monday with some customers unable to make trades on a day when the market was rebounding from last week’s rout. A system-wide...
View ArticleStudent loan advice platform Payitoff wins 2020 Ignite demo contest
Payitoff, a white-label platform that provides automated guidance on student loan repayment, won the 2020 Bank Innovation Ignite DEMOvation contest. With the win, Payitoff has been awarded an...
View ArticleEmbedded finance’s new frontiers: insurance, health care
SEATTLE — Embedded finance, or the concept of payments and banking being appended to other consumer use cases, is quickly evolving beyond retail and e-commerce, industry executives said at the Bank...
View ArticlePayPal said to find novel data prospects within Honey acquisition
PayPal has apparently unearthed a new revenue opportunity within its acquisition of Honey, a Morgan Stanley document shows. According to the Morgan Stanley research note today, PayPal CEO Dan Schulman...
View ArticleFinastra’s Mancini says banks must tap into the cloud’s potential
To Robert Mancini, head of payments at core provider Finastra, banks are only beginning to recognize the importance of integrating to the cloud for better payments and services. Prior to his role at...
View ArticleBrex partners with TriNet to boost card rewards
Brex, the corporate card and financial product startup, has partnered with human resources company TriNet to reach new customers through exclusive rewards. Brex aims to reach the more than 18,000...
View ArticleWeekly Wrap: Takeaways from Bank Innovation Ignite 2020
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, March 6, 2020. In this episode, editors discuss the following news developments: How embedded finance can expand...
View ArticleHow Rising Bank hit $150M in deposits in one year
The inability to reach someone outside of business hours is a source of friction for some digital bank customers, but Rising Bank wants to set itself apart through one-on-one attention. Rising Bank,...
View ArticleAfterpay taps Marqeta to fuel US growth strategy
Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. Australia-based Afterpay operates in several...
View ArticleAmazon offers cashierless checkout to retailers, challenging startups
The rollout of Amazon’s cashierless checkout technology stack to other retailers could amount to a double-edged sword for payments startups offering similar tools, as it offers new opportunities to...
View ArticleWirecard taps freelance platform Xolo to expand to new geographies
European payments giant Wirecard, which has a market capitalization of more than $15 billion, is making a bet on freelance personal finance platform Xolo to increase uptake for its banking services....
View ArticleAttending our conferences with flexibility and care
At Royal Media, Bank Innovation‘s publisher, we take great pride in the value of our exceptional industry conferences and the effort we put into their production. We rightly view our more than a dozen...
View ArticleDigital banks, payments startups face first major test in virus
Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe...
View ArticleSplitit partners with Visa for installment payments
Splitit, a payments company that divides purchases into installments on customers’ existing cards, announced a partnership with Visa last week. With the partnership, Splitit can remind Visa cardholders...
View ArticleWeekly Wrap: Robo-advisors react to the stock market plummet, and Amazon...
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, March 13, 2020. In this episode, editors discuss the following news developments: How the stock market plummet is...
View ArticleJoin our ‘Fintech in the Age of Coronavirus’ Zoom meeting (Subscribers Only)
How will banking and fintech business models be impacted by this unprecedented coronavirus pandemic? What is the role of innovation in response to these rapidly unfolding events? How will banks and...
View ArticleBrex: Market volatility not ‘doomsday’ for tech funding
Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6 billion since its 2017 founding, is optimistic about venture capital...
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