Western Union alum starts digital bank for low-income Americans
Rellevate, founded by Stewart Stockdale, will offer pay advances, fast bill pay payment and international remittances for consumers who live paycheck to paycheck. ... Read full article
Rellevate, founded by Stewart Stockdale, will offer pay advances, fast bill pay payment and international remittances for consumers who live paycheck to paycheck. ... Read full article
The German challenger bank says it has quickly attracted Americans from every state and various demographic groups to its mobile banking app. ... Read full article
The financial wellness fintech focused initially on building an app that helped people understand their financial picture, CEO Jon Schlossberg says. ... Read full article
The investment bank's new CashPlus Account comes with a mobile banking app, a debit card, online bill payment and other banklike features. ... Read full article
Users of the challenger bank's app can automatically save money over the course of a month to cover their mobile charges. ... Read full article
Adam Dell, founder of Clarity Money and now head of product at Marcus by Goldman Sachs, the design theory behind the new app. ... Read full article
The bank was burned by a core replacement project that failed in 2011. This time, it's using its PurePoint unit as a test lab and co-developing the software. ... Read full article
Wells was ordered to pay USAA $102.8 million for infringing on its mobile deposit patents. It follows a separate lawsuit loss in November also related to patents. ... Read full article
The bank is investing in a new authentication platform because password-based security systems have too many weaknesses, says Juan Francisco Losa, BBVA’s global head of security architecture. ... Read full article
Thirty-seven years after the release of Quicken desktop software, the company is launching a streamlined app to reach a new demographic. ... Read full article
"To wake up one day and assume everyone in America is going to be above average at math and above average rational is crazy," says Ethan Bloch, whose app is designed to help people achieve financial health. ... Read full article
The new Karma Points card donates 10% of revenue to charitable funds established by the company that help people living on the street. ... Read full article
In trying to adapt and survive in an increasingly tech-dominated world, banks may unintentionally give up their most valuable commodity — their relationship with the consumer, and the data that comes with it. ... Read full article
Werner Loots, the bank’s first head of transformation, is helping the bank redesign how work is done, then streamlining and digitizing as much as possible. ... Read full article
Quontic Bank is offering high-interest, digital-only savings like others, but it says its secret sauce is homegrown technology that optimizes deposit prices. Financial bloggers have taken notice. ... Read full article
Digital banking will become less visible because it will be embedded in other daily activities with the help of AI, voice interfaces and other emerging technologies. ... Read full article
Jason Gardner, founder and CEO of the card issuer Marqeta, discusses his experiences in starting up multiple fintechs and makes predictions for the new year. ... Read full article
Still trying to figure out whether to build gateways to your bank's data and systems? Here’s why you should transition. ... Read full article
PNC, Plaid and Venmo have been blamestorming over customer data-sharing issues of access, security and consent. ... Read full article
It's no longer enough to conduct traditional demographic analysis of customers. TD bank wants to know what is going on with individual consumers at any given moment and respond accordingly. ... Read full article