It led a $50M round in Aumni to scale its investment analytics capabilities in private markets, and we expect the incumbent will seek more targets in H2 to power its digital transformation.
Matt Turner, an industry-hopping head of digital, sees the future of banking as hyper-personalized services embedded in customers’ daily lives.
The UK neobank wants to broaden its presence in Australia, including adding the ability to receive deposits. It’s got a decent shot at breaking through, but it needs to offer its full product suite to impress consumers.
PNC picks self-serve for routine banking, humans for complex stuff: The bank’s hybrid branches will give customers tools to conduct routine transactions and retain people to assist with complicated ones like mortgages—a format that tracks consumers’ preferences.
Both companies introduced customer-facing solutions and merchant tools and expanded partnerships to make their products more attractive as economic tailwinds die down and competition heats up.
Brex may get loyal customers from its jump into venture debt: The neobank is offering debt to businesses in growth sectors—and the product, designed to reduce reliance on equity funding, could produce loyal business customers and cross-selling opportunities.
Revised rule guidelines mean online merchants and payment gateways won’t be allowed to save card details, limiting the ability to market products to consumers and potentially adding friction for customers—but it could benefit UPI and mobile wallets.