Unlocking the information that technology companies have on consumers would benefit banks and society overall, the chairman of the Spanish banking giant said.
The two companies agreed to continue to collaborate on a prepaid card program until 2027. The deal holds particular importance for Green Dot, which relies heavily on revenue generated at the discount retail giant.
Startups are increasingly expanding into new areas with their bank partners in an effort to broaden their customer base and bring products to market faster.
American Banker Capitol Hill reporter Neil Haggerty shares how the D.C. community reacted to Mark Zuckerberg’s congressional testimony and how they look at the project now.
The company has recruited bankers from Wells Fargo, Deutsche Bank and smaller firms to expand its corporate banking team that serves financial technology clients.
Newcomers to the U.S. tend to have a hard time getting credit cards because they lack credit history here. Amex has deployed technology from a fintech, Nova Credit, that could change this.
