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.
Data from devices like leak detection sensors can improve insurers’ risk assessments, and their alerts can strengthen customer relationships.
Temenos-Microsoft cloud plans could help banks build ESG records: The banking software provider’s work with Microsoft on “Green Cloud Initiatives” could eventually expand to offering ESG solutions to other clients.
Letting users pay directly from their bank accounts minimizes their reliance on cards, which could mean less volume and revenues for issuers.