Even before business travel fully rebounds, SMBs are seeking out expense management solutions to track corporate costs and manage employees’ spending habits.
Confirming speculations, Meta is enabling P2P payments within WhatsApp through its digital wallet app, Novi.
The dominoes may already have fallen, based on the regulator’s conclusions about the controversial practice and the CFPB’s plans for “regulatory interventions.”
Westpac’s MoneyBrilliant deal will shore up its app: New features that will help keep the Australian bank’s app competitive in mobile include letting users view outside account details and search for higher interest rates.
Open banking among UK lenders is set to skyrocket: A survey from Credit Kudos shows that adoption will surge from 26% in 2021 to 70% in 2023—fueled by borrowers’ and lenders’ demand and regulatory steps to make the transition easier.
Incumbent wealth managers will quickly recognize the crypto investing opportunity—and crypto exchanges can also tailor their offerings to capture the lucrative high-net-worth-individual segment
Monzo follows a slew of its global peers in winning a big funding round. Now these players must make smart spending decisions that demonstrate their maturity to investors.
The tool makes it easier for desktop shoppers to use Klarna’s service and take advantage of rewards—but it could raise some flags.
Kabbage’s SMB credit lines could take off due to Amex backing: The US neobank’s new lending product has its parent company’s support and could be used to monetize deposits from a recently launched checking account.
Chase dials back overdraft-fee risk, but won’t part with the revenue: Recent measures will reduce customers’ chances of incurring the charges, with more planned. But Chase is later to the trend than its competitors—and just a few steps ahead of potential regulation.
Fintech companies worldwide raised $94.7 billion in funding over the first three quarters of 2021, almost as much as the two prior years combined.
Nova Credit transfers immigrants’ credit histories into the US financial system so Amex can reach a hard-to-tap consumer segment.