Challenger Bank

Douugh launches with AI to help the affluent improve financial habits

11/17/20

The challenger bank will start by recommending how much users should allocate toward savings and spending, and will later transfer those amounts automatically.

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Truebill secures $17M to enhance its personal finance app

11/12/20

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

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Beam chief says there’s another side to story of deposit mishandling

11/04/20

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 taking the dispute to court.

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Beam Financial vanishing act a cautionary tale for partners of fintechs

11/02/20

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.

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BlueVine expands into business checking

10/29/20

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.

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Challenger bank Upgrade will reward credit card holders for repaying debt

10/29/20

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

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Should banks be worried about skyrocketing fintech valuations?

10/26/20

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' all-digital, customer-friendly services.

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A debit account that rewards users for shopping at Black businesses

10/22/20

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.

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SoFi launches social network for investors

10/14/20

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.

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A 'platform built by us and for us': Black leaders start neobank

10/08/20

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.

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