Erica shines in BofA’s Q3 digital stats: The bank’s AI-powered assistant posted quarter-over-quarter (QoQ) growth that outpaced performance in other important digital metrics. With more product integrations, it could help with customer retention.
Dimon’s remarks should worry BNPL companies: To compete with the installment-payment providers, JPMorgan Chase is willing to spend whatever it needs to. The bank’s heft and varied playbook for different spaces make it a force to be reckoned with.
See where US consumers want to earn rewards
Now that nine in 10 US consumers use fintech tools, heightened competition will push fintechs to offer tailored products to specific segments to stand out.
N26 nears $800M in funding—right behind peers hitting their own milestones: The German neobank’s planned funding includes an $8B valuation—another sign of the mounting 2021 trend of big challengers landing big rounds.
TD Bank, Lance add to US SMBs’ collections options: New features from a big incumbent and a niche neobank are meant to make it easier to get paid—pointing to a more dynamic SMB-banking landscape, more like the UK’s.
Green Dot’s Temenos cloud deal could enhance consumer ties: Features the partnership enables in Green Dot’s direct bank and its banking as a service (BaaS) business could strengthen its bonds with low- to-moderate-income consumers.
New-age primary care startups are catering to today’s consumer—who wants their entire healthcare experience to be hyper-convenient and personalized—and to burned-out physicians facing unprecedented levels of pressure from the pandemic.
The credit score startup is in talks to raise funds at a $5.5B valuation. Expanding its platform will enable it to exploit surging credit card adoption in the country.
Latest Monzo offerings are designed to cut SMBs’ payments hassles: Features such as links and its Stripe partnership will let businesses accept card-based payments. This helps Monzo keep up with—but not get ahead of—competitors that already offer them
Oportun's bank charter withdrawal is indicative of the increased regulatory scrutiny surrounding fintechs’ broader banking ambitions—and may also make other neobanks stop and think.
Columbia and Umpqua to form West Coast powerhouse: The tie-up could produce a more resilient bank with diverse products and deposits and greater tech resources for keeping up with big incumbents and digital-only players.
Last week’s global outage will further tarnish its reputation and ramp up regulatory pressures, hindering its fintech plans.