Neobanks are spending far more on fraud prevention even as their fraud losses continue to rise. Fraud prevention spending among neobanks, digital-only banks and FinTechs jumped 357% in a year, from $1.8 million to $8 million per institution, according to the PYMNTS Intelligence report “Scams...
Watch more: Need to Know With Max Spivakovsky of SoFi A consumer does not have to stop spending to become more careful about money. Debit spending offers a closer look at how consumers are balancing everyday expenses with travel and entertainment, according to Max Spivakovsky,...
Nubank thinks highly of fellow digital bank Monzo but doesn’t want to buy it. The Brazilian lender made that pronouncement Wednesday (Sept. 30) in a securities filing, prompted by recent news reports that it was interested in acquiring the U.K.-based Monzo. “As a matter of general...
A primary financial relationship loses some of its value when the provider can see only a fraction of the customer’s money. Consumers now routinely distribute checking, savings, credit and investments among several institutions and apps. For banks and FinTechs, that creates two gaps. Money held...
October 07, 2026
Watch more: Need to Know With Max Spivakovsky of SoFi A consumer does not have to stop spending to become more careful about money. Debit spending offers a closer look at how consumers are balancing everyday expenses with travel and entertainment, according to Max Spivakovsky, senior director of global payments risk management at SoFi Tech […]
August 26, 2026
A primary financial relationship loses some of its value when the provider can see only a fraction of the customer’s money. Consumers now routinely distribute checking, savings, credit and investments...
August 10, 2026
A national bank charter promises FinTechs a more direct route into U.S. financial services. But the Office of the Comptroller of the Currency (OCC) is making clear that getting one...
July 30, 2026
Seventeen percent of card issuers have reached the high customer lifetime value (CLTV) tier. What sets them apart isn’t the number of capabilities they’ve deployed, but the order in which...
October 08, 2026
If Revolut pursues an initial public offering, CEO Nik Storonsky wants the primary listing to be in the United States, Bloomberg reported Thursday (Oct. 8). During an interview with Bloomberg TV, Storonsky said, per the report: “That was always the target, given the deep liquidity of the U.S. market.” Storonsky had previously said that he wants to take Revolut public, that […]
October 01, 2026
Nubank thinks highly of fellow digital bank Monzo but doesn’t want to buy it. The Brazilian lender made that pronouncement Wednesday (Sept. 30) in a securities filing, prompted by recent news...
August 18, 2026
FinTech PointsKash has secured a strategic capital commitment of up to $100 million from Hawk Capital Advisors to support the national rollout of its FinTech, payments, loyalty rewards and digital commerce offerings, PointsKash...
August 13, 2026
Chime Financial is considering adding stablecoins as a feature in its consumer banking app, Bloomberg reported Thursday (Aug. 13), citing unnamed sources. The FinTech asked blockchain technology companies to submit...
