Square’s Cash app downloads exceed Venmo’s in May
The peer-to-peer payments race is now more than a duel between bank-backed Zelle and Paypal-owned Venmo. According to a report...
Banking
Betterment moves into HSAs through United Healthcare partnership
Robo-adviser Betterment is growing its enterprise business with a new product for health insurers and their customers. The New York-based...
Point-of-sale lender Sunbit raises $26m in second fundraise
Sunbit, a point-of-sale lender that focuses on critical emergency services like auto repairs and dental work, has raised $26 million...
Inside Wealthfront’s lifelong customer loyalty strategy
Robo-adviser Wealthfront wants to become the center of its customers' financial lives. To do so, it's steadily added products beyond...
What MoneyLion learned from its augmented reality experiment
As consumer-facing brands roll out augmented reality and virtual reality tools to improve the customer experience, financial services companies are...
Digital-only First Internet Bank retains 90% of its original customers
As upstart digital-only banks face increasing pressure to acquire and retain customers, a 20-year-old online-only bank has managed to hold...
Nyca’s Sica: challenger banks poised to take market share from incumbents
As fintech moves beyond digitizing legacy systems to a focus on intuitive, customer-driven experiences, the field of startups competing for...
Australian point-of-sale lender Afterpay guns for U.S. market
Point-of-sale lender Afterpay reports it has 1.5 million U.S.customers, a milestone it's achieved by embedding itself into the payment platforms...
Why Chase decided to drop digital-banking app Finn
JPMorgan Chase's millennial-friendly digital banking app Finn is shutting down, just one year after it rolled out nationally. In an...
Digital customer migration leads U.S. Bank to close more Chicago-area branches
U.S. Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical...
