Banks need to tailor digital outreach according to people’s tech styles: A survey finds that consumers have a range of attitudes toward digital banking, with preferences varying. Executives’ strategies are already moving toward greater personalization.
Moonfare’s expanded access to private markets has been rewarded by rapid AUM growth and a mega-round.
The age distribution of the Brazilian neobank’s customers is a lot younger than incumbents’, with years of future earnings potential still ahead if they remain loyal.
Railsbank aims to sell brands on financial ‘experiences’ for customers: The banking tech company wants consumer-facing brands to view financial services as embedded tasks running in the background. These brands could become early entrants in a space with huge growth potential.
U.S. Bank updates robo-advisor with customer growth at forefront: A lower minimum investment and simpler application process may help the bank add customers who previously weren’t eligible—and younger people are the most likely to respond.
Fintechs raised $31.1 billion across 1,185 deals in Q3 as record adoption fueled the investor flywheel.
Kids’ digital wallet hawks ‘superpower’ lingo to kids and a safety appeal to parents: If the themed marketing campaign for its Mazoola app helps build a user base, REGO gets a chance to keep the kids in its ecosystem as they grow up.
Australia responds to wave of branch closures: A government task force will look at the impact of banks closing non-urban branches and put forward potential solutions. Policymakers can look to the UK for ideas.
Strong growth in the key metric for the first nine months of 2021 could foreshadow success in the incumbent bank’s other targeted plays and keep it competitive with neobanks.
Facebook’s metaverse plans open up opportunities for fintechs to embed their solutions within this next iteration of the digital realm.