Revolut adds online retail savings feature: The neobank’s new browser extension automatically looks for ways that customers can save while shopping online—and the tool can also help Revolut engage with its card users.
The Chinese insurance marketplace uses AI to match consumers with suitable coverage options—and its digital-first solution can help bridge China’s insurance gap, especially since the life and health insurance market is set to grow.
Illimity follows profitable 2020 with strong 2021 start: The Italian neobank reported a Q1 net profit of €12.6 million ($14.4 million), up 86% QoQ—showing how challenger banks can succeed with a balance of both SMB and consumer services.
Freelancer-centric Lili doubles users in six months: The neobank reached the 200,000 customer mark as it raised $55 million in its third funding round in less than a year, showing signs that its niche market play is paying off.
Following Elon Musk’s highly anticipated “SNL” hosting gig over the weekend, we dive into the reasons for the volatile crypto’s rise in popularity and its impact on online brokerage apps.
Revolut reportedly eyes Dogecoin support: The UK-based neobank could capitalize on a recent publicity wave by adding Dogecoin to its crypto trading platform, though it would introduce regulatory and infrastructure risks.
Simple customers met with turbulent switch to BBVA USA: The shuttered neobank’s users faced lockouts as their accounts migrated over the weekend to sister bank BBVA USA—giving competitors an opening to attract affected customers.
The combined entity aims to operate as a one-stop shop for the financial needs of SMBs, and the acquisition points toward potential consolidation in the space as competition stiffens.
The CPFB is looking into how the bank communicated minimum debit card usage requirements to waive fees in 2016—a potential setback for the bank as it seeks to get out from under its federally mandated asset cap.