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.
Aspiration’s Clippers arena sponsorship follows sustainability trend: The environmentally conscious neobank has added sustainability initiatives to its sponsorship deal which could promote its “green” image to a broader audience.
Nearly half of US survey respondents uninterested in banking primarily through a digital-only bank cited data security as a concern, according to a PYMNTS-Optherium report.
Coinbase seeks customer loyalty through direct deposit feature: Accepting direct deposits from users takes the crypto exchange a step closer to banking and could lead to their using other services within its ecosystem.