Greenwood runs up against limits for its vision: The US neobank, which caters to Black and Latino Americans, found it necessary to work with “white-controlled banks” for a partnership and investments.
LendInvest gets to £2B ($2.75B) AUM: In the strong UK alt-lender market, it reported having crossed the platform assets under management (AUM) level just 30 months after hitting £1B ($1.38B).
Small bank adds debit cards to its BaaS for crypto companies: BankProv said it’s partnering with Synctera, a fintech as a service platform, in a debit card BIN sponsorship program.
Block’s Jack Dorsey announced three new services at the Bitcoin 2022 conference aimed at streamlining Bitcoin investing and purchasing.
A J.D. Power survey found they’re dissatisfied with support they receive during economically challenging times.
Should US stablecoins be regulated like banks or like funds? Two US policymakers have outlined different approaches for regulating stablecoin issuers—but there’s room for consensus between them.
Discover’s new checking account will put banks on defense: Cashback Debit combines cashback rewards, no fees, and early paycheck access. It's a model for what incumbents could do.
Bolt acquired crypto startup Wyre Payments to help it stand out in the highly competitive one-click checkout space.
Seven major US incumbents are partnering to roll out a service that lets consumers share financial data with participating businesses.
eBay gets closer to stock-like collectibles trading: eBay Vault will speed up transactions and eventually include fractional ownership—just when other players seek to make collectibles more like stocks, crypto, and NFTs.
Coinbase faces cool reception in India: It’s supporting domestic crypto trades in the face of central bank skepticism and challenges like a new tax on these trades.
Banks must choose whether to ax overdraft fees: Democratic state attorneys general say that banks’ recent moves to reduce consumers’ exposure to the charges aren't enough.
Some banks want to enable Zelle at big merchants, potentially to prepare for open banking disruption.