The Canada-based bank, which already has a stateside presence via BMO Harris, agreed to acquire the BNP Paribas subsidiary in a $16.3B deal. Now BMO has an opportunity for a best-of-breed mobile strategy.
Insider Intelligence spoke with Carolyn Feinstein, Varo Bank’schief marketing, growth, and design officer, to better understand how CMOs are redefining their roles as digital becomes the default banking channel for customers
Affirm, Afterpay, Klarna, PayPal, and Zip have until March 1, 2022, to respond to the consumer watchdog’s inquiry.
Its second job is helping to solve fintech’s gender diversity problem.
The US regulator wants feedback on principles it’s drafted to help banks deal with the risks posed by catastrophic weather. Banks should take this as a reminder to update their business continuity plans.
Lending fintech’s neobank could give it a strong niche: Avant’s new neobank geared toward the underbanked could benefit from its existing suite of lending products and its cross-selling potential.
BMO’s Bank of the West interest follows Canadian banks’ US success: The bank’s talks to acquire the BNP Paribas unit come after it and TD Bank reported US growth that exceeds their home market’s.
Brazil-based credit startup Open Co, India’s BNPL card fintech Uni, and cannabis card provider SuperNet are all meeting unmet payment needs.
NYDIG’s $1 billion round portends growing investor interest in crypto firms that help FIs offer their own crypto products.
TrueLayer and NatWest hit an open-banking payments milestone: Their completion of their first live variable recurring payment (VRP) transactions tests out tech that could help UK banks improve retention.
MoneyLion’s embedded-finance foray cushions it from neobanking weakness: A marketplace for the neobank’s digital-only rival’s financial services offerings can serve as a hedge against the risk of commoditization.
A Mastercard survey suggests that superior trust gives banks a leg up in the race to pitch consumers on sharing their financial data.