NAB’s Citigroup deal bulks it up further as Afterpay/Square looms: The Australian banking giant’s unsecured loan book will get a big boost from the proposed deal. That and a platform upgrade adds even more heft to NAB in any face-off against Afterpay and Square.
Are neobanks on the verge of hitting consistent profitability? The UK challenger bank Atom has reached its first monthly operating profit. Neobank milestones like this suggest that the challengers are starting to find solutions to the profit problem.
If your friends all jumped into the same neobank, would you? The UK fintech Kroo has raised $24.5M and plans to push for a banking license. Its product suite focuses on transactions among friends—but it’s going to have to differentiate its offerings from Revolut’s to succeed.
Retail loyalty programs—the most prevalent type in consumers’ wallets—help brands develop lasting customer relationships through easy, accessible, and appealing incentives. Co-brand credit cards—issued as partnerships between major brands, banks, and card networks— have long been a key piece of that puzzle.
In submitting its IPO plans, TypTap joins a wealth of fellow insurtechs also going public during another banner year for insurance IPOs.
The number of Medicare Advantage plans offering social health-focused benefits increased three-fold over the past year, but their members aren’t using them—we explore how tech from SDOH startups like Papa can boost uptake.
The card network enabled support for WEX Pay Cards, and its cardholders can now make instant transfers from Apple Cash—two moves that can help the issuer capitalize on rising retail spending as legislators mull new fee restrictions.
BofA’s Life Plan hits company adoption record: The bank’s digital personal finance tool has passed 4.4 million users since its October 2020 launch. This success points to strong customer demand for such products—and BofA can kick it up another notch by adding app features like outside subscription cancellation.
Greenwood’s content arm pushes financial empowerment to pull in customers: The US neobank, which caters to Black and Latino communities, unveiled a studio arm that could help build anticipation for its 2022 launch. Its financial literacy programming could also help Greenwood stand out from similar neobanks.
Asset management apps’ 200% crypto boost
Allegations of greenwashing threaten to derail the rapid growth of ESG investing strategies, but AI-powered fintech data solutions have the power to allay fears.
Mexican corporate card provider Clara has neobanking potential: The fintech’s new payment solution gives businesses access to its credit line and lets them schedule as many as 100 payments at once. It’s another building block that Clara could use to become a neobank.
Santander says cashflow app will help UK SMBs’ pandemic recovery: The bank’s app, in partnership with fintech Tomato Pay, lets small and medium-sized businesses (SMBs) view activities from all of their accounts in one spot and settle payments instantly.