BBVA’s acquisition of Simple, the first neobank, was closely watched as a possible model for others in the industry. But the shutdown last week of Simple has again stirred a debate about whether upstarts and traditional players can ever fit together. ... Read full article
The decision to shutter the digital bank comes just weeks after BBVA USA announced it was selling itself to PNC Financial Services Group for $11.6 billion. ... Read full article
With money flow suddenly stifled for millions of customers, demand for money management tools has skyrocketed. ... Read full article
The digital banking provider Simple has been part of BBVA for five years, and its reputation as an easy way to handle and transfer digital money has only grown in that time frame through the addition of faster payments and P2P services. ... Read full article
Among David Hijirida's lessons learned at the online giant: Companies are often so focused on competitors that they neglect their own customers. ... Read full article
Several banks saw significant changes in leadership as the year comes to a close. ... Read full article
The online-only bank hopes new leadership can help it overcome its rocky past three years. ... Read full article
CIT Bank and Simple recently started offering higher yields on the condition that customers make regular contributions to savings. The offers are designed to help the banks avoid rate wars, but some analysts question whether they will appeal to enough ... Read full article
Shamir Karkal said his startup will allow fintechs to develop ACH processing for their companies without having to partner with banks. ... Read full article
Customers are sprinkling symbols into their texts, and it's a challenge for banks to fine-tune systems to support the use of the cartoon code in communications. ... Read full article
Petal is using machine learning in its new card program to make the most of the scant financial data available from young consumers. ... Read full article
The fiasco may hold a valuable lesson for fintechs and banks alike about the need for closer integration. ... Read full article
