Savvy aims to push wealth management tech updates: The US-based wealthtech wrapped up a seed round to fund its play in a market that’s lagged in adopting newer technologies.
It reported a strong Q4 and outlined how it plans to use Afterpay to drive growth across its businesses.
LendingClub CEO discusses the neobank advantage: Scott Sanborn explains to Insider Intelligence why his company’s P2P roots will help it compete as a neobank, now that the pandemic has driven permanent mobile banking usage.
Fintech takes a ‘no code’ embedded finance approach: Spain-based HUBUC raised $10M from seed funding, playing in a competitive space that’s still growing.
After posting strong year-end results, the crypto exchange warned that 2022 is off to a lackluster start amid drops in crypto market cap.
TSB’s revamp of UK mobile onboarding improves security and user experience: The process includes a newly streamlined application and the submission of ID images and video of the applicant’s face.
Russia sanctions foreground US banks’ compliance hurdles: Targets of the new restrictions imposed in response to Russia’s invasion of Ukraine include banks and elite individuals.
Private-banking aggregation tech holds wider potential: France-based fintech Finary lets customers monitor all of their sources of wealth, from bank accounts to crypto, in one place.
It’s axed overdraft fees and charges for overdraft-protection services—as the number of big US players maintaining the old normal keeps dwindling.
Neobanks make personalized financial services plays: US-based indi is joining gig-worker app Steady’s cash-incentives product, while UK-based Zopa is offering a savings account tied to personal goals.
Afterpay’s deal with EyeBuyDirect and Sezzle’s tie-up with WellNow Urgent Care reflect BNPL’s push to diversify beyond retail.
The vast majority of US banks have no plans to offer some basic cryptocurrency-related services. For even the most widely adopted service—crypto investing or trading—only 1% currently offer it, and 78% have no plans to support it.