Goldman double-clicks on BNPL product with Apple: The bank will be the lender for Apple’s installment payments product—growing its loan-book and gaining know-how that it can apply to its own nascent BNPL offering, MarcusPay.
The top 3 buy now, pay later platforms
The insurance comparison marketplace is eyeing a SPAC merger as it diversifies its product suite—yet another insurtech taking this route to enter the public markets.
China could be ready to launch the digital yuan in early 2022, and India is building a CBDC framework while also warming up to Bitcoin.
A rising Tide gets $100M for overseas moves: The funds will propel the UK-based neobank’s growth abroad, including India—and the size of its business customer base suggests Tide’s race against fellow domestic challenger players Starling and Revolut is heating up.
JPMorgan ups advisors by over 300: The bank’s client advisor headcount was up by over 300 in Q2 2021 compared to the same period last year. It’s pushing to make financial advice a key feature of branch banking, even as customers flock to digital channels for routine services.
Are crypto users ahead of the payments curve?
Crypto exchange Bullish will go public via the SPAC merger by year’s end even though it’s yet to launch, leaving it little to go on to entice investors beyond its high-profile backers.
Lunar lands €210M to fuel growth: The new proceeds will fund the growing Nordic neobank’s product lineup, along with future mergers and acquisitions—its roadmap will continue the flight path it embarked on earlier this year.
The White House called on the Consumer Financial Protection Bureau (CFPB) to move ahead with data-sharing regulation— its adoption would make it easier for neobanks to become customers’ primary banks and help all banking players partner with fintechs.
CIBC bolsters Microsoft cloud connection: Deepening its Microsoft relationship, the Canada-based bank will use Azure software as its cloud platform—the latest partnership of its kind for a bank seeking to cut data center costs and improve analytics.