Fintech
Fintech
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Cullen/Frost Bankers will allow customers to access deposits two days early as traditional lenders look to drum up business by mimicking their financial-technology rivals.
July 9 -
Bliss, which is part of a suite of apps under development by the mobile technology company Euphoria.LGBT, is working with Jiko to offer a tailored savings account for transgender individuals preparing for their transition.
July 8 -
The company angered hundreds of customers when its software flagged their accounts as suspicious and suddenly cut them off, according to a ProPublica report. The episode illustrates the challenge shared by fintechs and banks of rooting out scammers without being overzealous.
July 7 -
The fintech company Wise rose in its debut following a direct listing on the London Stock Exchange, in the largest such deal ever, bolstering Brexit Britain’s capital-market hopes.
July 7 -
As the popularity of health savings accounts grew, the Chicago bank decided it needed a more competitive product that tracks spending and uses artificial intelligence to maximize benefits. The high-tech Lively will help BMO soup up its offering.
July 6 -
Europe has encouraged adoption with rules that put consumers in control of the way their data is shared among banks, fintechs and third-party vendors. Whether the U.S. can make similar progress without its own rules is unclear.
June 30 -
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The robo advisor for socially conscious investors will benefit from becoming part of the largest U.S. bank, but "we also want to maintain the dynamic ... that made OpenInvest what it is," one of its co-founders says.
June 30 -
The deal follows JPMorgan’s recent takeover of 55ip, a fintech that focuses on helping investors cut their tax liabilities.
June 29 -
Dozens of digital tools are billed as democratizing finance. But a number of entrepreneurs still see massive gaps.
- AB - Technology
The now-defunct neobank was famous for its ability to help customers ensure their balances were adequate to cover upcoming bills or savings plans. Digit and others have started offering their own variations on this feature.
June 28 -
Upgrade, a lending startup that counts Banco Santander SA and SVB Financial Group’s Silicon Valley Bank as investors, is seeking to triple its valuation in a fresh funding round, according to a person with knowledge of the matter.
June 25 -
U.S. regulators blocked the card network's attempt to buy Plaid last year for antitrust reasons. Its bid to acquire Tink, a similar company based in Sweden, may have a better shot given European officials' desire to promote open banking.
June 24 -
Visa Inc. has agreed to buy Swedish open-banking platform Tink AB as the payment giant looks to expand beyond its card network.
June 24 - AB - Technology
Majority, a startup with a mobile app that combines a bank account with other benefits such as global remittances and international calling, began by serving the Cuban and Nigerian communities in Florida and Texas. Now it’s available in all states and will use $19 million in seed funding to accelerate its growth.
June 23 -
How technology is enabling new types of payment transmission and what this means for banking.
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The bank's holding company, CRB Group, has acquired PeerIQ, an online lending marketplace data provider backed by the former CEOs of Morgan Stanley and Citigroup. It's said it wants more deals like this one.
June 23 -
The fintech specializes in lending to dentists, veterinarians and other solo providers looking to grow or establish their own practice.
June 22 -
Beauty shops must handle transactions for multiple employees and contractors operating under one roof. Tech companies are customizing software and transaction processing services for this niche.
June 21 -
A growing number of companies like Klarna, Sezzle and Circle let consumers split large purchases into smaller transactions paid over time. But they say they need to offer more than one product to set themselves apart and build customer loyalty.
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