Nubank’s slashed IPO price range suggests softer investor interest: The Brazil-based neobank cited changing market conditions for its markdown. But the drop also shows it’s less confident in its sought-after valuation.
HSBC’s addition of investing to its app could attract and keep users: The new feature, which includes 10 selected portfolios and a £50 ($64.12) minimum to start, targets the underpenetrated investing audience of UK young adults.
Despite app satisfaction growth, wealth managers trail banks’ and insurers’ satisfaction scores—but access to advisors and education could help them make up ground.
UK banks can capitalize on removal of open-banking friction: The Financial Conduct Authority’s repeal of the 90-day re-authentication mandate for users—plus an upcoming rollout of convenient repeat payments—will help banks enhance the customer experience.
Southeast Asian neobank could gain traction with SMBs: Singapore-based YouTrip is expanding to businesses, with a corporate card as its inaugural product, and is well-positioned to benefit from the region’s abundance of smaller businesses.
TSB opts to focus on digital banking first, branches not so much: In the wake of falling usage, the bank’s shuttering of 70 UK branches in 2022, or almost one-quarter of its footprint, turns digital into its main channel.
Commission-free trading is no longer enough for an investment platform to stand out in the crowded UK market.
JPMorgan Chase and Standard Chartered helped turn the cloud-based core banking provider into a unicorn and a credible challenger to the big core banking players.
Banks will also benefit from UK SMBs’ recovery: A Starling survey shows that many small and medium-sized businesses (SMBs) have returned to pre-pandemic performance, making them better prospects for paid services and shouldering new debt.
Government plans inform Flinks’ entry into Canadian open banking: The National Bank-owned company proactively designed its product to meet standards outlined in a federal government report, positioning itself for an early mover advantage.
Is healthcare the next industry primed for fintech disruption? Health tech company TailorMed is acquiring competitor Vivor, which have both been using tech to reduce financial barriers to healthcare—a growing trend in digital health.
The quieter Thanksgiving weekend news cycle gave us time to dive deep on a much-hyped fintech sector. Here’s how DeFi actually works, what issues it aims to solve, and where it’s going next.
On today's episode, we discuss how the world of insurance is changing, how claims can be settled in seconds, and how smart sensors can make sure you only pay when you actually drive. Tune in to the discussion with eMarketer principal analyst at Insider Intelligence Eleni Digalaki.
Justin Morcelle’s non-marketing experience with data and analytics gave him a competitive advantage when he took on his job. In an exclusive interview, he talks about how digital has transformed the CMO role.
Tide ventures into open banking after hitting a wall with some SMBs: To attract SMBs unwilling to switch banks, the neobank will let them connect their outside bank accounts to its platform to use other services.
Nigerian embedded-finance company raises $3.5M: OnePipe could bring more Nigerians into the banking system by helping non-banks offer financial services. Its top line will also benefit from fees and loan interest.
Banks need OCC’s approval for some crypto, stablecoin activities: A supervisor office must consent before banks can jump into crypto custody or holding US dollar deposits backing stablecoins. An initial chilling effect will wear off after banks adjust.