JPMorgan gingerly enters Brazilian retail banking: The US-based banking giant seeks exposure through a pending 40% stake in digital-only player C6 Bank—the investment will help the neobank compete in a crowded challenger space.
The UK regulator banned the crypto exchange from carrying out regulated activities, a warning to other crypto firms to tighten up compliance or risk missing out on surging consumer interest.
On today's episode, we discuss what a world with fewer bank branches means, what the new digital branch will look like, and how digital banking adoption is faring. Tune in to the discussion with eMarketer vice president of content and head of financial services at Insider Intelligence Daniel Van Dyke.
Green Dot backs Walmart deposit account: The banking as a service (BaaS) provider is broadening its long-time relationship with the retail giant by supporting Walmart’s demand deposit account—furthering Green Dot’s goal of serving low- to moderate-income consumers.
The banking giant will build out its buy now, pay later footprint by creating two key roles within its Marcus direct bank—and its ambitions could add prospects for its upcoming checking account.
Filipino fintech’s parent eyes neobank: PayMaya owner Voyager Innovation will launch a neobank after securing new equity capital—which will let users conduct all of their financial activities with the fintech.
Clearscore is now valued at $645 million thanks to lenders eager to use its open banking-powered marketplace for matchmaking with borrowers—as some credit bureaus are already doing.
JPMorgan pushes branch staffers to get licenses: The banking giant wants all of its nearly 5,000 Chase branches staffed with licensed relationship bankers by year’s end—a move that may bolster branch usage even as consumers go digital for transactional services.
Fifth Third expands early paycheck access: Early Pay will become available to all Fifth Third Momentum Checking customers after its launch in select areas—and neobanks offering that feature will need to think up another competitive differentiator.
The retail giant is making its prepaid debit card—offered with Green Dot Bank—available as a demand deposit account. That and its big store footprint could pose a threat to smaller banks in rural areas.
The profitable fintech is expanding its product suite and will create its own loan-servicing platform—an IPO figures in its long-term roadmap.