New funding raises N26’s valuation to $3.5B
The challenger bank startup will use the new cash to double its U.S. headcount. ... Read full article
The challenger bank startup will use the new cash to double its U.S. headcount. ... Read full article
The company has created GoFundMe-like pages for users to petition friends and family to help them pay the charges assessed by banks. ... Read full article
Google explored the OCC's fintech charter, then walked away; the biggest changes in digital banking could be just ahead; 'Truist' rebrand prompts lawsuit by N.C. credit union; and more from this week's most-read stories. ... Read full article
The new digital-currency unit at Facebook has a logo that's nearly identical to that of challenger bank Current, which has been around since 2015. ... Read full article
Community bank executives, payments officials and others said Libra faces an uphill battle amid heavy competition and regulatory scrutiny. ... Read full article
The Dutch company is no longer a bank in some countries, but more of a digital matchmaker between consumers and financial products provided by third parties, explains innovation chief Benoit LeGrand. ... Read full article
Both companies want money to be "programmable." But how to go about it is a matter of dispute. ... Read full article
Monzo has been adding roughly 200,000 users a month in the U.K., and is hoping to replicate that success as it launches in the U.S. ... Read full article
The investment firm is launching a company called Akoya that it says will help ease the technical aspects of data sharing, as well as disputes and liability issues, for banks, fintechs and data aggregators. ... Read full article
Manulife Financial, Canada's largest life insurer, is taking on the country's large lenders with a new package of banking products designed to win over digitally savvy millennials. ... Read full article
A trio of big deals in the payments and financial service provider area and continued bank and venture capital interest in fintech investments are creating expectations for a banner year. ... Read full article
The bank launched Finn in an effort to attract millennials. But there were problems with how it implemented the digital-only brand, experts said. ... Read full article
Suspense builds on what the new name of merged BB&T-SunTrust will be; JPMorgan Chase CEO Jamie Dimon says Wells Fargo 'irresponsible' for lack of CEO plan; how APIs are being used at Citi, BBVA and other leading banks; and more from this ... Read full article
The Apple co-founder offered advice on how to create successful products, why he craves privacy and why companies should value engineers and inventors. ... Read full article
The data aggregator plans to help U.S. fintechs expand into the U.K. and vice versa. ... Read full article
Jury's out on whether BB&T-SunTrust will serve the community or Wall Street; 'we were willing to shock historical norms,' says Otting on OCC's makeover; is it too late for Congress to stop CECL?; and more from this week's ... Read full article
As CFPB mulls privatizing database, consumer complaints are on the rise; an argument for continued human oversight of artificial intelligence; how some banks are luring talent from big tech; and more from this week's most-read stories. ... Read full article
A digital challenger bank is relying heavily on artificial intelligence to provide low-cost banking to low-income people and small businesses. ... Read full article
Exploring the rise of the next-gen bank CEO; backlash over JPMorgan's snarky tweet; TD Bank's calculated shift to the cloud; and more from this week's most-read stories. ... Read full article
The move is an extension of a pilot project begun in the fall. T-Mobile says it sought to give customers a better deal on digital banking and stand out from its rivals. ... Read full article