Al Rajhi Bank plans Malaysian digital arm with cloud-based help: The Saudi Arabia-based bank is teaming up with core-banking company Thought Machine to power its upcoming digital unit in a country where the space has drawn strong interest.
Its fintech is out of stealth mode and is making acquisitions to build a neobank that will call itself as ONE. Its scaling potential makes it a threat to US banking players.
Simplifying account opening for SMBs: Fintech MANTL’s fully digital account-opening product for banks to use with small and medium-sized businesses (SMBs) may reduce application abandonments.
Pension scheme assets like the USS’ $6.4 billion can play a critical role in financing the fight against climate change—but reconciling inconsistent ESG data remains a challenge for fund managers.
The acquisition could give Zip a path into long-term financing and a user base boost as competition mounts and regulation looms.
UK-based Monese’s in-house Credit Builder product lets customers develop credit histories through savings deposits. The data could also grow its lending.
US community banks hold onto their branches: A survey finds that local banking players are eschewing their larger competitors’ branch-axing strategies. Instead, they’re adding complex services for which consumers prefer in-person support.
Plaid seeks to avoid repeat of $58M data-gathering lawsuit: After settling litigation claiming it gathered more user data than necessary, the open-banking provider will offer greater transparency to US users on its data management practices.
Three billion fraudulent emails go out globally each day, often aimed at unleashing cyberattacks on companies of all types.
On today's episode, we discuss why the West's answer to super apps is finally taking shape, why cryptocurrency sells out as governments buy in, and what kinds of new revenue sources digital brokers are hunting for. We then talk about how JPMorgan Chase is planning on spending its increased yearly technology budget and what will be largely responsible for driving fintech funding to new heights. Tune in to the discussion with eMarketer principal analyst Eleni Digalaki and vice president of content and head of financial services at Insider Intelligence Daniel Van Dyke.
The fintech will launch a credit card next month that lets users earn an average yield of 6.04% on purchases—but costs $750 a year.