Apps

Greenlight, developer of a digital banking app for kids and parents, launched a B2B product for financial institutions. Morgan Stanley and WaFd Bank are early partners.

Challenger banks and apps such as Zeta, Onward and Nerve are helping people manage complex financial relationships beyond simple joint accounts.

First United Bank in Oklahoma developed a personal finance platform with a fintech that appears to be driving a rush of new savings accounts at the bank.

The app, Magnusmode, includes illustrated instructions for depositing a check, using an ATM and more. M&T Bank was its first U.S. bank partner.

Onward, an app that recently raised a Series A from investors that include Citi Ventures, helps separated and divorced parents transparently share expenses and pay each other back in one spot.

The ability to pay with points, get virtual replacement cards and monitor data sharing are all on the list, according to Forrester Research.

The military-focused bank and insurance company has added more personalization and a search tool.

Acquiring the company, which has a namesake savings app, would allow the Silicon Valley lender to accelerate its plan to offer more consumer banking services. The deal comes less than six weeks after Oportun withdrew its application for a bank charter, which it plans to refile.

The Baltimore community bank is experimenting with fee-based checking accounts that bundle cellphone protection, roadside assistance and other perks with an app that makes such services easier to use. Early returns are promising.

Waiting for the SBA to sign off on PPP loan forgiveness; banks criticized for requiring balloon payments on loans in forbearance; how backlash over Scharf remarks affects Wells Fargo’s diversity push; and more from this week’s most-read stories.