About two-thirds of US consumers want to integrate at least two of their digital activities, according to PYMNTS. Western users also seem receptive toward a bundled experience.
As Dave’s public debut looms, it’s unclear how it will stand out: The US neobank’s expected to bag about $450M at its planned stock market debut in January 2022. The big challenge will be differentiating itself from other digital players.
Freelancer-services fintech cites user-growth plans for dropping neobanking: UK-based Coconut is pivoting from its current account to make other freelancer services more accessible. Open banking will offer other specialized fintechs this option.
In the US housing boom, small and midsize lenders trying to preserve slim profits are an opportunity for AI and machine learning solutions.
Even before business travel fully rebounds, SMBs are seeking out expense management solutions to track corporate costs and manage employees’ spending habits.
Confirming speculations, Meta is enabling P2P payments within WhatsApp through its digital wallet app, Novi.
The dominoes may already have fallen, based on the regulator’s conclusions about the controversial practice and the CFPB’s plans for “regulatory interventions.”
Westpac’s MoneyBrilliant deal will shore up its app: New features that will help keep the Australian bank’s app competitive in mobile include letting users view outside account details and search for higher interest rates.
Open banking among UK lenders is set to skyrocket: A survey from Credit Kudos shows that adoption will surge from 26% in 2021 to 70% in 2023—fueled by borrowers’ and lenders’ demand and regulatory steps to make the transition easier.
Incumbent wealth managers will quickly recognize the crypto investing opportunity—and crypto exchanges can also tailor their offerings to capture the lucrative high-net-worth-individual segment
Monzo follows a slew of its global peers in winning a big funding round. Now these players must make smart spending decisions that demonstrate their maturity to investors.