Railsbank seeks unicorn status with next round: The UK-based fintech is reportedly looking to cross the $1B valuation mark and raise around $100M to add to its embedded finance and white-label BNPL offerings.
Fiserv’s Finxact tie-up brings it ‘core as a service’: A cloud-based solution can help the core-banking incumbent stay competitive while offering banks an upgrade for older systems.
Bunq ventures into green investing: The Netherlands-based neobank’s product, rolled out in partnership with Birdee, lets customers invest in environmentally and socially conscious companies.
Available to fintechs and consumer brands, the solution lets Q2 tap into a market with great potential and add to its breadth in banking-as-as-service (BaaS).
Boston Fed, MIT hit a digital-dollar research milestone: Their paper on Phase 1 of Project Hamilton explores technical challenges for a US central bank digital currency (CBDC).
Global climate-related fintech funding surged in 2021 to hit $1.2 billion, according to a CommerzVentures report.
Steve Smith talked with Insider Intelligence about how social media companies can build financial trust and what open banking can do for web3.
The expansion of Zelle’s bank-backed platform as well as the launch of Chuck may spell trouble for Venmo.
First it helped students with scholarships, now it’s branched out into debit cards. Fostering trust with Gen Zers and helping grow their financial literacy could pay off.
Monzo needs more features to be a stateside standout: The UK-based neobank just emerged from beta, but it’s playing in a crowded market with undifferentiated offerings.
US bill outlines survival strategy for non-bank stablecoin issuers: The legislation limits issuance to depository institutions and non-banking entities that comply with criteria for collateral.
Britain becomes global epicenter of bank scam pandemic, and lawmakers want Big Tech to reimburse victims: Facebook, Microsoft, and Twitter could require financial services to be authorized by regulatory bodies.
CFPB is wary of unchecked AI usage in underwriting: Bureau officials have warned about potential abuse of the technology and are previewing a crackdown. Regulatory clarity will help banks to better navigate a growing market.