April 19, 2024
Banks Leverage FinTech Partnerships to Ride Digital Transformation Wave

The digital transformation of banking continues to reshape how financial institutions (FIs) are meeting the evolving expectations of consumers. And central to this evolution are partnerships, which play a pivotal...

April 19, 2024
FinTech IPO Index Gives Up 6.4% as Platforms Plummet Ahead...

If there was a theme marking the past five days of trading, after the big banks reported earnings, and as the digital lenders that populate the FinTech IPO Index showed,...

April 18, 2024
Congress Advances Earned Wage Access Bill as Popularity Grows

When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA) that is coming on the...

April 18, 2024
Wagestream Raises $21.8 Million to Expand Financial Well-Being App

Wagestream, a financial well-being app focused on frontline workers, has raised 17.5 million pounds (about $21.8 million) in a funding round. That total includes an investment of 7 million pounds...

April 18, 2024
Equifax Says 85% of Its New Models Built With AI

Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.  In announcing the company’s quarterly earnings Thursday (April 18), management noted that 70% of the new models...

April 18, 2024
Walmart-Backed Ibotta Sees Share Price Leap 33% in Market Debut

Ibotta shares leapt 33% during their debut on the New York Stock Exchange (NYSE) on Thursday (April 18). The stock debuted at $117 per share after pricing at $88 per...

April 18, 2024
Gen Z Shoppers Bring Social Commerce Into Malls

Social media virality is beginning to shape mall stores, as ultra-connected Gen Z shoppers expect their physical lives to more closely resemble their digital ones. For instance, young social media...

April 18, 2024
CFPB Flags Gaming Data Practices, but Younger Consumers Comfortable Sharing...

The Consumer Financial Protection Bureau (CFPB) recently issued a report listing regulatory concerns around how gaming and virtual reality companies facilitate transactions and collect sensitive data. As “Banking in Video Games...

April 18, 2024
Marqeta and Rain Team to Offer Earned Wage Access Debit...

Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Marqeta powering the Rain Card,...