Digit plunges into neobanking: The fintech will offer a checking account paired with a deposit-sorting feature for saving, budgeting, and investing—but its price may put it at a disadvantage to other neobanks.
BofA tops $1B in annual cybersecurity spending: At more than double its spending from a decade ago, the bank’s massive investments reflect the importance of bolstering digital security to cement customers’ trust.
Recent reports say Apple has paused its virtual and in-person primary care ambitions—we unpack why its Watch and iPhone footprint could help it flourish when it decides to press play.
BuzzFeed will pay up to $10K to creators: The program will award prizes for top-performing content. Though it will only last through the summer, it's likely a pilot program or a precursor to a more social BuzzFeed Community hub.
US officials are using financial incentives to encourage countries to build 5G networks without Chinese-made tech—a shift away from the threat tactics used in past.
As the semiconductor shortage drags on, industry experts warn that smaller firms may feel pressured to purchase counterfeit chips, which could result in faulty equipment and recalls.
Worldwide ad spend soars: Total media ad spending will grow faster than anticipated this year, spurred by strong growth in digital and the rapid economic recoveries seen in countries with vaccine access.
US consumers are stocking up on apparel
As the US begins to emerge from the pandemic, people are re-entering the world with new habits, including new mobile behaviors. This year, the time US adults spend on mobile devices will continue to grow, albeit at a slower rate than last year. Nearly a third of their daily time spent with media will be on mobile.
Lydia teamed up with Cashbee to offer savings accounts next to its payments platform and retail banking services as it bets on cross-selling opportunities.
The American Express-owned lender added a high-yield checking account for small and medium-sized businesses, giving it an opportunity to cross-sell lending products and deposit accounts.