Virgin Money enters a hot field with its expense-management collab: Partnering with fintech Expend to offer an expense-management feature to small and medium-sized businesses (SMBs) puts Virgin Money in a space that’s attracting businesses and investors.
The UK-based neobank’s founder and CEO Anne Boden outlined plans to offer banking as a service globally in 2022, giving Starling a potential opening into embedded finance.
We expect Bitcoin’s price to rise as rocketing consumer adoption increasingly forces FIs to get in on the act
The offering gives small merchants an affordable digital payments tool and could complement existing POS tech for large businesses.
Federally insured credit unions can team up with third-party digital asset providers and keep members who want to explore this asset class within their ecosystem.
Revolut adds Singaporean commodities trading to its wealth management lineup: The Monetary Authority of Singapore (MAS) will let the UK-based neobank’s customers trade gold and silver. Revolut’s wealth management capabilities are growing across multiple markets.
Chase’s return to suing credit card customers isn’t a good look for it: The banking giant halted controversial litigation in 2011 and has filed thousands of new complaints since 2020. Though Chase claims to have improved the process, it looks familiar.
ACH payments rose as card payments made a surprising drop, and consumers tried out new payment types.
Mexican neobank succeeds through in-person outreach: Bankaya has made progress with the country’s unbanked by setting up physical kiosks—suggesting a hands-on approach can build digital trust with the underserved.
Digital currencies are coming soon to a country near you: Mexico introducing a plan to launch a Central Bank Digital Currency is only the latest development in the fast-developing market for digital currencies.
How PFM tools boosted engagement and sales for BBVA: An increase in users and interactions with tools designed to help people with their personal finances led to greater satisfaction and engagement—driving sales in the Spain-based bank’s home market.
Chainalysis’ crypto crime report found that illicit transaction activity reached all-time high in value—but an all-time low as a share of all crypto activity.