Capchase lands more capital and customers: The fintech can use its $80M in funding to capitalize on surging investor demand in the revenue-based financing space.
Jamaica adds cash incentives for CBDC usage: The government’s offer of JMD$2,500 ($16.35) to the first 100,000 people who set up digital wallets after April 1, 2022 could drive adoption—but won’t ensure retention.
Data from the FDIC, NCUA, and the Office of the Comptroller of the Currency (OCC) on outcomes of initiatives targeting the underserved would also have value for banks.
Stilt offers credit solutions to neobanks: The US fintech’s banking as a service (BaaS) arm could take off due to neobanks’ need to diversify revenue.
A bill that would require banks to report incidents and ransomware payments to the Cybersecurity and Infrastructure Security Agency (CISA) passed the Senate.
The two firms can help each other relieve competitive pressures in their respective industries.
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.