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.
Clearco raised $215 million following a host of fellow alt lenders also securing significant rounds and expanding globally. The crowded market could lead to a drop in fees.
Credit card appetite is growing in tandem with retail sales—what are issuers doing to make the most of this comeback?
Monese mulls over hopping on crypto bandwagon: If the UK-based neobank opts to offer crypto, it would become the latest challenger financial institution to do so—which could help it acquire customers and keep them engaged.
The banking giant will drop existing lines to simplify its product offerings—which could help its bid to shuck the federally mandated asset cap, but hurt retention by driving off impacted customers.