JPMorgan Chase is considering buying a stake in Yapily, a financial technology startup that's seeking to raise fresh funds, people familiar with the matter said.

Singapore country head Shee Tse Koon describes the bank's push to create a massive marketplace that offers everything from hotel reservations to health care.

After the Office of the Comptroller of the Currency cracked down on a $2.8 billion-asset bank, industry observers expect more scrutiny of the ties between banks and financial technology startups.

Technology designed to direct more consumers online can create difficulties for groups that rely on branches and other in-person services, according to Janis Bowdler, a racial equity counselor with the Treasury Department.

Fintech and cryptocurrency firms competing with banks but subject to fewer regulations are "getting away with murder," said Eugene Ludwig, a former comptroller under the Bill Clinton administration. 

The Los Angeles fintech, which hosts a marketplace where people lend to one another, is moving forward and working to set up a "lending DAO" as it deals with questions about its tipping model.

Officials say the decision to call off the acquisition, first announced in January, was mutual.

The company told consumers they were pre-approved for credit cards. For some such offers, a third of applicants were denied, according to the FTC.

Marcus and Upstart are two companies that got high marks for customer satisfaction from J.D. Power but rely on digital methods to reach and underwrite borrowers.

Zepz Group, the U.K. financial technology startup and parent of the payments company WorldRemit, has named Mark Lenhard as its new chief executive, replacing Breon Corcoran.