News Topic: Challenger Bank

The fintech startup, which originally helped users cancel duplicate subscriptions, now wants to encourage healthier financial practices. ... Read full article

Some customer fraud and a lack of cooperation from partners Huntington Bank and Dwolla prevented Beam Financial from returning funds to savers, says Aaron Du, the fintech's CEO. He says he’s trying to make things right, but Huntington and Dwolla are ... Read full article

Customers say the Beam savings app is down and the company isn't returning their money. The situation is putting third parties like Huntington and Dwolla in the firing line, though they say they're not at fault. ... Read full article

The challenger bank now offers small businesses checking, lending and payments services on one platform and can link them through Plaid to external bank accounts. ... Read full article

Renaud Laplanche's fintech will give borrowers cash back when they lower their loan balances. ... Read full article

Speculation is part of the reason for the growing differential in market capitalization between legacy financial institutions and upstarts. But one venture capitalist says it's "a call to action" for traditional banks to match fintechs' ... Read full article

The media company Urban One has launched a new account that includes a prepaid debit card and encourages customers to buy from Black-owned business and lets them donate their cash back to charity. ... Read full article

Clients of the challenger bank's robo-adviser are able to see one another's trades, add comments and watch a leaderboard of top investors. ... Read full article

Television executive Ryan Glover, rap star Killer Mike and civil rights icon Andrew Young have launched a digital bank for Black and Hispanic consumers called Greenwood Financial. ... Read full article

Harit Talwar, who is moving from CEO of the digital banking unit to chairman of consumer banking, says Marcus wants to add checking and investment products, embed its offerings in additional high-profile platforms, and grow far beyond its current 5 million ... Read full article

The app, dubbed One, allows users to save, spend, borrow and even share funds from a single account. ... Read full article

The company has acquired a federal savings association, Mid-Central Federal Savings Bank in Wadena, Minn., which is converting to a national bank. ... Read full article

The digital bank founded by a former Western Union president offers tools to help low and moderate income people. ... Read full article

"We can control our destiny," says Colin Walsh, CEO of the challenger bank, which spent more than three years seeking to become a full-fledged bank. ... Read full article

The accounting and payroll software provider’s QuickBooks Cash account is fee-free and integrates with other products the company offers small businesses. ... Read full article