Groww is in talks for a new raise that would triple its valuation to $3B as investors eye huge user acquisition opportunities for local fintechs.
The banking giant will buy fintech GreenSky in a deal worth about $2.24 billion, broadening the line of products available to consumers through its direct bank unit.
UK banks accused of blaming fraud victims: A consumer watchdog publication reports that banks aren’t adhering to their industry code’s threshold in disputes on fraudulent payments. The report may hurt banks’ reputations and help competitors woo away customers.
The BNPL provider will let merchants accept Bitcoin payments and plans to launch a crypto trading feature—which may help it stand out as other BNPL providers opt for more traditional feature enhancements.
Wells Fargo picks both Google and Microsoft as cloud providers: The banking giant has settled on partnering with multiple companies for cloud services a few months after other large banking players struck their own cloud provider deals.
Intuit and Mailchimp team up to help small and medium-sized businesses: The two combined will provide ecommerce, marketing, customer management, and financial services for those merchants.
In an exclusive Q&A with Insider Intelligence, Dontá Wilson talks about why he sees “digital transformation” as a misnomer—and how “client transformation” is a better term for guiding banks’ digital strategy.
Add Capital One to the growing list of banks wading into BNPL: The bank will pilot the payment option with a group of familiar merchants, following other recent announcements by banking players that also plan to compete in the space.
Lemonade added a preventative pet insurance package for younger pets amid strong premium growth—but we expect the insurtech to prioritize providing one-stop-shop insurance coverage