Available to fintechs and consumer brands, the solution lets Q2 tap into a market with great potential and add to its breadth in banking-as-as-service (BaaS).
Boston Fed, MIT hit a digital-dollar research milestone: Their paper on Phase 1 of Project Hamilton explores technical challenges for a US central bank digital currency (CBDC).
Global climate-related fintech funding surged in 2021 to hit $1.2 billion, according to a CommerzVentures report.
Steve Smith talked with Insider Intelligence about how social media companies can build financial trust and what open banking can do for web3.
The expansion of Zelle’s bank-backed platform as well as the launch of Chuck may spell trouble for Venmo.
First it helped students with scholarships, now it’s branched out into debit cards. Fostering trust with Gen Zers and helping grow their financial literacy could pay off.
Monzo needs more features to be a stateside standout: The UK-based neobank just emerged from beta, but it’s playing in a crowded market with undifferentiated offerings.
US bill outlines survival strategy for non-bank stablecoin issuers: The legislation limits issuance to depository institutions and non-banking entities that comply with criteria for collateral.
Crypto exchange FTX has raised $400M with several returning investors. This will help sustain its growth despite lower trading volumes in 2022.
UK neobank’s exit is a preview of life without easy capital: Masthaven is withdrawing from the country’s banking market because it didn’t get enough funding to continue its growth. Challengers should prepare for leaner times by differentiating their products.
TD chips away some more at overdraft fees: Its latest actions include a $50 exemption figure and a 24-hour grace period, but its peers show that it can still go further.
CFPB is wary of unchecked AI usage in underwriting: Bureau officials have warned about potential abuse of the technology and are previewing a crackdown. Regulatory clarity will help banks to better navigate a growing market.