Digital dollars gain credence despite cut from stimulus bill
While the proposal to distribute digital dollars was struck from the new $2.2 trillion stimulus bill designed to buoy the economy, the proposal alone could accelerate a more widespread adoption of a...
View Article4 business challenges of COVID-19 and solutions to fight them
While financial services companies large and small scramble to cope with the economic fallout of the coronavirus pandemic, there may be a silver lining to the gloom, according to Delos Advisors. The...
View ArticleWeekly Wrap: Coronavirus dislocation continues to rock fintech
In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies...
View ArticleNJ-based Provident Bank upgrades digital channels amid pandemic
For one community bank in New Jersey, its digital overhaul came at a crucial time: just before the coronavirus pandemic. Provident Bank has been pushing its digital capabilities to customers throughout...
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Dear Reader, For 25 years, Royal Media, Bank Innovation’s publisher, has dedicated itself to serving its business communities with professionalism and integrity. Today, the coronavirus pandemic has...
View ArticleAs pandemic spending shifts, Brex keeps up with rewards
Brex, a corporate card and financial product startup, is shifting the rewards points on its credit cards to better accommodate clients’ needs during the coronavirus pandemic. “We have a lot of...
View ArticleB2B payments companies seek growth amid pandemic
Despite the current economic uncertainty resulting from COVID-19, some business-to-business payment companies are gaining traction with clients and investors alike. “Our solution is even more relevant...
View ArticleStripe partners with CRM provider to aid SMB
Payments infrastructure giant Stripe has integrated with Keap, a customer relations management platform designed for small businesses, in a partnership that will likely prop up cash flow for one of the...
View ArticleWeekly Wrap: PPP ramp up dominates the credit industry
The Small Business Administration’s Paycheck Protection Program went live today, and confusion reigned. Despite shelter-in-place mandates for better than 80% of Americans, some banks urged prospective...
View ArticleSoFi to buy Galileo for $1.2B to broaden reach
In a year of major fintech acquisitions, SoFi today announced a $1.2 billion deal to acquire Galileo, a financial services API and payments platform that powers big-name fintechs like Chime and...
View ArticleCOVID-19 accelerates launch of contactless payments
Neobank Upgrade today debuted two product launches for contactless payment that were initially slated for fall release, prompted by the COVID-19 crisis and social distancing measures. Upgrade customers...
View ArticleWeekly Wrap: SBA loans, SoFi and Galileo take center stage
One week after the Small Business Administration launched its Paycheck Protection Program, banks and fintechs alike are still navigating best practices to get funding into the hands of small business...
View ArticleBank of America customers sent $27 billion through Zelle in Q1
Bank of America customers are shifting toward digital tools. According to data released by the bank, supplementing its earnings call today, customers made more than 102 million transactions through...
View ArticleGoCardless moves beyond recurring collections with new tool
GoCardless, the recurring payments company that allows clients to collect from customers’ bank accounts, is launching Success+, a new tool that uses transactional data and machine learning to...
View ArticleAvidXchange eyes acquisitions after latest funding round
AvidXchange is eyeing additional acquisitions and scalability after scoring an additional $128 million in equity capital on the heels of its $260 million funding round in January, CEO Michael Praeger...
View ArticleCiti Innovation Labs developing virtual tours for clients amid pandemic
Citi Innovation Labs employees are finding new ways to connect with bank clients, developing self-guided virtual lab tours to show clients the innovation teams’ latest projects. “We are working on an...
View ArticleTemenos partners with Microsoft on cybersecurity software
The Swiss banking technology company Temenos is teaming up with Microsoft to help banks implement crime-fighting software for financial institutions. Through the partnership, banks can trial the...
View ArticleInside JPMorgan’s corporate payments and open banking strategy
JPMorgan Chase & Co.’s wholesale payments business has seen an increase in demand for open banking integrations from corporate clients during the coronavirus pandemic, prompting the bank to invest...
View ArticleN26 adds $100M to Series D
N26’s Series D funding round refuses to end. The Berlin-based digital banking startup announced a $100 million extension of its Series D today, adding to an initial $300 million Series D in January...
View ArticleGalileo wants to power fintech in Mexico
Galileo, the financial services API and payments platform behind big-name fintechs like Chime and Robinhood, announced its expansion into Mexico last week through a certification with Mastercard....
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