Douugh looks to roll out neobanking in Australia with Railsbank’s help: This demonstrates its confidence in the country’s consumer neobanking space, which is poised to recover from recent tumult.
Just 7% of US adults are very likely to use buy now, pay later (BNPL) services this holiday season.
The insurtech is banking on its telematics, fast claims capabilities, and pro-environment and bundling incentives to drive sales.
Consumers were most comfortable when they felt their financial institution would protect their assets. Incumbents could have an outsized influence over consumers’ adoption of open banking.
Banks need to tailor digital outreach according to people’s tech styles: A survey finds that consumers have a range of attitudes toward digital banking, with preferences varying. Executives’ strategies are already moving toward greater personalization.
Moonfare’s expanded access to private markets has been rewarded by rapid AUM growth and a mega-round.
The age distribution of the Brazilian neobank’s customers is a lot younger than incumbents’, with years of future earnings potential still ahead if they remain loyal.
Railsbank aims to sell brands on financial ‘experiences’ for customers: The banking tech company wants consumer-facing brands to view financial services as embedded tasks running in the background. These brands could become early entrants in a space with huge growth potential.
U.S. Bank updates robo-advisor with customer growth at forefront: A lower minimum investment and simpler application process may help the bank add customers who previously weren’t eligible—and younger people are the most likely to respond.
Fintechs raised $31.1 billion across 1,185 deals in Q3 as record adoption fueled the investor flywheel.