Financial Services

Banking execs lag behind neobanks in eyeing niche outreach: A Temenos survey of senior banking leaders shows interest in serving underserved groups. But niche neobanks have already gotten there ahead of them.

The UK-based personal finance management app seeks to raise $128.2M in two years to go global. Expanding to less mature markets can help it its rapid user growth.

The UK neobank’s banking as a service offering could open up a promising business line—helping nonbanks to offer banking products that interest consumers.

Scotiabank’s Google Cloud deal will use AI and machine learning for greater personalization: The Canadian bank’s agreement—the latest involving a major North American banking player this year—aims to enhance its customer experience.

Truist progresses toward key date for BB&T transition: The consolidation of its legacy systems is on track for October. Its customer-experience-focused approach could become a model for other post-merger plans.

Coalition raised $205M to combat cyber attacks within companies—and its expansion plans will help it cross-sell more policies.

Credit unions launch digital co-op to cut racial, economic banking gaps: Bank Dora caters to Americans who lack access to typical banking services. With so many neobanks catering to specific demographic segments, it’s getting harder to stand out.

Swan gets $18.7M to offer localized solutions across Europe: The banking as a service (BaaS) provider works with other companies to power their products. Its strategy of addressing specific services by market could help it stand out.

New insurance features and an added subscription tier could help Monese expand into more profitable lines of business.

Twitter has leaped ahead of Reddit and Facebook in using crypto to boost engagement—its users can now tip fellow tweeters with Bitcoin.