Technology

Truepic, which helps companies like banks and insurers fight fraud by verifying images, raised $26 million in a funding round led by Microsoft’s M12 venture capital arm.

Canapi Ventures — created by former comptroller of the currency Gene Ludwig and banker Chip Mahan — and other venture capital firms say Peach Finance stood out because, unlike so many other startups, it's not focused on loan originations.

Eligible users may trade bitcoin and ether through the company's app and also use bitcoin when completing debit card purchases. More cryptocurrency options will be offered in coming months.

As the need for easy-yet-secure mobile banking authentication escalates and consumers become used to logging in by looking into a camera, banks are taking the technology more seriously.

Stripe, the digital payments company last valued at nearly $100 billion, is in early discussions with investment bankers about going public as early as next year, according to people with knowledge of the matter.

The myWalgreens app functions as a hub for the retailer's growing range of financial products. It's designed to encourage consumers to use their Walgreens card accounts for deposits and payments.

The neobank, which posted losses and burned through capital in its first year, has received a huge funding boost. That's raising questions about the depth of Varo's struggles and whether regulators and investors hold challenger banks and traditional banks to different standards.

Merchants will be able to offer the interest-free installment product starting in October. One of Synchrony’s retail partners, Amazon, announced a buy now/pay later partnership with Affirm last month.

Acting Comptroller of the Currency Michael Hsu has appeared more circumspect than his predecessors about cryptocurrencies and other types of financial technology. Regulators are still seeking to understand the risks associated with these once-esoteric products, he says.

Aiia brings thousands of banks to the card network's global open-banking platform.