While often referred to as a leading digital bank, Chime is not technically a bank and will no longer be referring to itself as one to appease a California regulator who took issue with FinTech’s loose use of the term. Get the Full Story Complete...
In today’s top news in digital-first banking, FIS is working with NYDIG on bitcoin, while Zelle processed 392 million transactions in Q1 2021. Plus, big banks in the U.S. are making moves to unload cash. Get the Full Story Complete the form to unlock this...
Big Tech and FinTech firms are busy creating their own connected ecosystems while striking up relationships with banks, making traditional financial services firms part of the system, too. Google stands as a prime example, with Google Pay and Google Plex. And in other parts of...
In today’s top news in digital-first banking, LendingClub reported that loan originations grew by 63 percent quarter over quarter, while U.S. Bank is rolling out new offerings for special-purpose acquisition companies (SPACs). Plus, companies can now take automated clearing house (ACH) payments via Square Invoices....
It is a widely held belief that open banking is an EU-based concept, driven by data privacy regulations like PSD2. And the U.S., the conventional wisdom goes, is behind the beat. But conventional wisdom, under more rigorous examination, doesn’t hold up too well. Open banking,...
In today’s top news in digital-first banking, Michigan’s Flagstar Bancorp and New York Community Bancorp (NYCB) have inked a merger deal, while Brazil’s Nubank is said to be in talks to go public. Plus, J.P. Morgan Chase is reportedly making an actively managed bitcoin fund...
In today’s top news in digital-first banking, Ally is collaborating with Microsoft to advance quantum computing’s role in the financial services sector, while Norway is looking into central bank digital currencies (CBDCs). Plus, Credit Suisse Group AG posted a 31 percent year-over-year rise in net...
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In today’s top news in digital-first banking, FintechOS has notched$60 million in a Series B funding round, while Citi has collaborated with Mastercard to expand its payment exchange options for institutional clients. Plus, AccessPay is at work on a new treasury solution that is fueled...
