Goldman’s new General Motors card could cement the issuer’s reputation for innovative digital features and serve as an industry blueprint.
Indonesia-based Koinworks might follow the lead of larger global players and pursue a one-stop-shop model to drive revenue growth.
Brex and Novo in the US, along with Qonto in France, have closed on funding rounds that they could use to make broad lending plays that could threaten incumbents.
Cryptocurrencies are looking like a better bet for more and more investors. Last month, 24% of US adults said they would invest in cryptos, up from just 10% in June.
PayPal confirmed it’s looking into developing a stablecoin, an asset class with unique crypto benefits that can help drive volume.
Cashplus adds insurance to compete in the hot UK SMB banking space: Adding business insurance for small and medium-sized businesses (SMBs) to its marketplace will help the neobank with retention and keeping up with competitors.
Digital assets’ recent plunge in value underscores the need for risk management and regulation. Bit by bit, the pieces are coming together.
Findings from PYMNTS show a gap in businesses’ and consumers’ degree of trust in business technology. Greater transparency in how data is handled will establish the trust necessary for wider adoption of open banking.
‘Save the ATMs’ could become a thing in the US: The nationwide ATM footprint continues to fall after reaching its zenith in 2019. A cash scarcity due to lack of ATMs would hurt the underbanked and impair privacy-minded consumers’ digital trust.
BofA walks out overdraft cuts before US regulators make everyone run: The banking giant’s overdraft service steps include ending NSF fees and cutting overdraft charges from $35 to $10. That may be enough to keep it from becoming a regulatory target.
U.S. Bank’s RTP addition could boost its mobile competitiveness: The bank’s 1Q rollout of a real-time payments (RTP) solution will enable instant clearing at any time—enhancing its already substantial mobile app.
They now have to report users’ business payments that exceed $600 annually, which might push them to add payment-adjacent tax services.