Varo Money gets new backers and closer to bank charter


The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.


Shopify unveils plan to offer banking services to merchants


The global e-commerce site is rolling out a suite of banking tools for its growing U.S. user base later this year that will help them bank and manage their businesses all in one spot.


Servicers get flak, Bisignano’s Fiserv play, lenders on PPP hook: Top stories of the week


Complaints to the CFPB hit an all-time high, with mortgage servicers getting much of the fire; Frank Bisignano details his priorities as Fiserv’s new CEO; lenders worry they could be stuck with billions in Paycheck Protection Program loans; and more from this week’s most-read stories.


U.K. challenger bank Monzo applies for U.S. banking license


The neobank, which has been operating in the U.S. since last year with partner Sutton Bank, hopes to get a bank charter within two years.


Challenger bank Revolut launches in the U.S.


The mobile-only bank offers many standard neobank features and some added payment options.


Can newcomer Level stand out in a sea of challenger banks?


The all-digital bank is hoping to win over consumers with above-average savings rates and more detailed analysis of their spending habits.


Nearly all age groups say they’d bank with tech giants


In every segment except people older than 64, a majority would consider banking with Apple, Google, Amazon or Facebook, a new survey finds.


How robo-adviser Wealthfront is becoming more like a bank


Andy Rachleff, the fintech's CEO, discusses the digital bank it's developing and the concept of "self-driving money."


N26 signs up 250,000 U.S. customers in first five months stateside


The German challenger bank says it has quickly attracted Americans from every state and various demographic groups to its mobile banking app.


Digit will help people pay their cellphone bills


Users of the challenger bank's app can automatically save money over the course of a month to cover their mobile charges.