Judo Bank looks to simplify SMBs’ financial paperwork: UK-based API provider Codat will help the Australian neobank to streamline sharing financial data with services like accounting platforms and turn convenience into a selling point.
Customer-friendly services—like switching current accounts and data sharing through open banking—helped almost one in three UK consumers form new banking relationships.
Z1 could replicate Nubank’s success by winning over Gen Zers: The neobank bagged $10M to fund its strategy of targeting Latin American teens and young adults. If it builds enough brand loyalty, doors will open for product cross-selling.
The crypto exchange raised $400M to facilitate access to the next iteration of the internet but it's starting further back in the race.
Banks must tell regulators about cyber incidents within 36 hours and inform consumers “as soon as possible.” This transparency will speed up response to breaches and improve consumers’ trust.
TD Bank-Aira partnership adds support for the vision-impaired: Customers use a mobile app to get assistance from the service’s agents, who translate visuals into audio. More financial institutions are adding accessibility for the disabled as part of financial inclusivity.
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.