Financial Services

Banks have asked for the head seat at the table regarding crypto regulations—but just days later, lawmakers want to claw back the few capabilities they already have.

The Canadian service promotes financial literacy with a learn-by-doing approach. Will it catch on when other apps let kids play games instead?

Users reported the app’s automatic savings algorithm removed money from checking accounts, resulting in overdraft fees.

Marqeta reported a 53% YoY increase in total processing volume in Q2. Outgoing CEO Jason Gardner outlined growth plans for H2.

More than anything else, cash-back credit card customers want security and control. Free identity theft insurance and Social Security number monitoring are by far the most valued features among potential users of these cards in the US. These consumers also look for ease of earning and redeeming rewards.

Oscar Health halts new deals on IT platform for 18 months: Oscar hit a snag with its Health First deal and is directing focus there. Its insurtech peers face troubles, too.

Fintech companies worldwide garnered $50.7 billion in funding during H1 2022, down nearly 23% year over year. Still, this sum is already higher than 2020’s total of $49.5 billion, indicating a greater trend of increased funding.

Finally, some good inflation news: The US consumer price index didn’t increase in July, which could restore some faith in ad spending.