The neobank is seeking to cash in on a rebound in overseas travel with a booking product that includes 10% cashback—the launch will also let the company promote existing travel offerings and drive engagement with its app.
Yapily bags $51M to power European expansion: The open-banking provider aims to play in more European markets after closing a Series B round—its geographic growth could position it as the de facto technical standard for an area that lacks an official one.
U.S. Bank reopening of damaged branches hastens hybrid switch: The bank has been revamping Minneapolis branches damaged during last year’s civil unrest to offer self-service for transactional services and personal attention for complex ones. The redesign is consistent with US consumer preferences amid the digital-banking shift.
Its record revenue growth could crescendo in one of the year’s highest IPOs—but the recent dip in trading volume will likely slow the pace at which digital brokers reach new milestones.
Afterpay to take neobanking plunge with app: The Australia-based buy now, pay later (BNPL) provider will roll out a deposit-accounts app in October. The company’s user base will give it plenty of room to grow—and so will the country’s wide-open consumer-side neobanking space.
Issuers’ pursuit of clear value propositions and forays into next-gen credit building services offer a window into their plans to attract customers and combat competition.
The addition of checking and savings accounts offers US small and medium-sized businesses (SMBs) a robust suite of banking products—and the fintech’s vast merchant network could help it acquire new customers.
Blockchains make it far more challenging for beneficiaries to retrieve cryptos after the owner’s death than it is to access traditional assets. Here’s how the industry will respond.