Credit unions’ growth could be slowed by NCUA upholding branch requirements: The regulator dropped a proposal that would’ve allowed credit unions to count mobile banking or ATMs as serving places they want to expand to.
Through customer experience and community focus, M&T Bank is growing more than just its business. Watch Industry Voices: Spotlight on Financial Services with M&T Bank’s Francesco Lagutaine, chief marketing, communications and digital officer, to hear how M&T Bank is succeeding by combining large-bank advancements with small-bank values.
It's considering an IPO to keep its momentum going following a record year supporting wealth managers’ digital transformation.
Credit Sesame lets users create credit histories via debit-card purchases: Sesame Cash completes the company’s foray into neobanking. Banking players that help build credit via secured credit cards risk losing customers unless they roll out similar tools.
Green neobank talks the talk, but does it walk the walk? Aspiration’s actual performance lags its promotion of itself as environmentally friendly. The reputational risk it’s facing is a warning to banking players that market ESG heavily.
N26 waves goodbye to the US: The Germany-based neobank said it will close accounts in January to increase its focus on Europe. Earlier this week, we laid out the challenges that foreign banks face in the US.
MoneyLion acquired digital media firm Malka Media to bolster its marketing and boost engagement on its platform.
Compliance risks loom for neobanks that ‘move fast and break things’: Digital-only banking players need to put anti-money laundering (AML) measures higher on their list of priorities and invest accordingly, a regulatory tech firm states in a new report.
U.S. Bank does a well-timed deal for business travel fintech: TravelBank offers companies an all-in-one expense management and travel product. The tie-up comes during an ongoing recovery in business travel from its pandemic-induced plunge.
UK payments standard could hurt neobank fees—but help them achieve primary banking status: It’s not if, but when, as the Competition and Markets Authority delays the rollout of recurring push payments that give consumers more control over ongoing transactions.
PNC-backed digital product for freelancers gets a big platform: Launched by the bank’s fintech incubator, indi could get an edge over standalone niche neobanks from exposure to Jobble’s gig worker user base.
New Jersey branch closures bring home a global trend of digital dispossession: Officials in Ocean County are worried about how shuttering locations is affecting seniors. A similar situation is playing out in other countries.