TD and BMO look to slash lending-related emissions: The banks’ annual sustainability reports reflect the new normal, outlining goals for their lending-portfolio emissions along with their own.
B2B payments give Lunar a shot at SMB growth: The Nordic neobank launched a solution enabling small and medium-sized business (SMB) customers to accept and monitor their payments online.
Can Funding Circle stay profitable in 2022? The UK-based alt lender was profitable again for both H2 and the full year, following its first-ever profit in H2 2020.
While banks work to fight fraud, customers are bristling at some of their security measures. Around the world, 35% of banking customers said what irritates them most is that the authentication factors keep changing. Another 24% are most annoyed by their card being declined for legitimate purchases.
The president’s sweeping order on digital assets calls for research into a CBDC.
Acorns shifts product strategy as digital investing flattens out: Personalization and families are the pillars for its new products—bolstered by $300M in fresh funding.
The discount retailer launched bank accounts and debit cards with Incomm Payments, a BNPL pilot with Sezzle, and a rewards redemption program with FIS.
Public adds alternative assets investing: The trading platform is seeking differentiation by acquiring Otis, which offers fractional shares for items like NFTs and sports memorabilia.
Startup investment firm Bain Capital Ventures launched a $560M fund focused exclusively on crypto projects.
Visa and Mastercard’s fee changes are set to arrive in April and could lead to industry pushback or the embrace of alternatives.