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.
Kids’ digital wallet hawks ‘superpower’ lingo to kids and a safety appeal to parents: If the themed marketing campaign for its Mazoola app helps build a user base, REGO gets a chance to keep the kids in its ecosystem as they grow up.
Australia responds to wave of branch closures: A government task force will look at the impact of banks closing non-urban branches and put forward potential solutions. Policymakers can look to the UK for ideas.
Strong growth in the key metric for the first nine months of 2021 could foreshadow success in the incumbent bank’s other targeted plays and keep it competitive with neobanks.
Facebook’s metaverse plans open up opportunities for fintechs to embed their solutions within this next iteration of the digital realm.
Fiserv notched $3.96 billion in revenues—and recent partnerships this quarter can help it shake off losing one of its processing partners.
The bank can offer products to a new base of small and medium-sized business (SMB) customers via the insurer’s agents and stay competitive with digital challengers.
BRL$135M-richer BaaS provider Swap could enhance Brazil’s banking landscape: The new haul will help expand its operations and provide financial services to non-banking companies. Its success could add competitors to the country’s banking space.
Pandemic hardens mobile’s place as top US banking channel: The pandemic has brought over even more customers to mobile, the most frequently used banking channel. Banks need to prioritize the quality of their digital account-opening experiences.
Zip’s preholiday shopping event clocked stellar numbers, but diversification and increased credit card use might challenge BNPL growth.