Wells Fargo gets carrot and stick from federal regulators: Hit with a $250 million fine from the Office of the Comptroller of the Currency (OCC), the banking giant also got a pat on the head for improvement as a Consumer Financial Protection Bureau (CFPB) decree ended.
The UK neobank is the latest to join the hot and crowded installment-payments space—and cross-promotion to its 5 million users could ramp it up quickly.
ING is closing its PFM app Yolt to focus on B2B open banking platform YTS, a welcomed focus as other players bet on consolidation.
Volt’s crypto deal seizes space that Aussie incumbents shun: The neobank will offer embedded bank accounts with BTC Markets, entering an up-for-grabs market as the country’s Big Four players eschew doing business with crypto companies.
The etailer is working on a new point-of-sale solution for non-Amazon merchants with features like contactless enablement, customer analytics, and inventory management.
Lloyds dangles £100 for account switchers, but how will it keep them? The UK bank is aiming to grab new customers for a pair of accounts via a bonus it’s offering through October. Convincing them to stick around is the real challenge.
Marshmallow joins Zego and Tractable in surpassing a $1 billion valuation thanks to its data-driven and flexible coverage, highlighting that changing driver behavior and expectations during the pandemic are here to stay.
PayPal signed an agreement to buy the Japanese BNPL provider, which can help it gain a stronger foothold in Japan’s budding installment lending market and overall digital payments space.