Northwestern Mutual commits $150m to startup investments
Northwestern Mutual has launched a second venture fund to support startups working in financial services. This builds on the $43...
Banking
BofA launches hybrid human-digital investment product
Bank of America has added a human-assisted option to its digital wealth management product. With the launch of Merrill Edge...
TAB Bank turns to data analytics firm to improve SME loan process
TAB Bank is tapping into the services of a data analytics firm to streamline small business loan application processes and...
PayPal invests $11.2m in Swedish open banking platform Tink
Online payments giant PayPal is a strategic investor in Stockholm-based open banking platform Tink, the companies announced today. A spokesperson...
Varo’s FDIC application tests uncharted territory
Varo Money has been striving to get a banking charter for three years. On Aug. 31, 2018, the digital-only challenger...
Why digital-only Grasshopper Bank chose Temenos’ cloud-native T24 core
New York City-based Grasshopper Bancorp, a newly-launched digital-only bank targeting startups, was built from scratch with its sights on global...
U.S. Bank’s Dominic Venturo to speak at Bank Innovation Build 2019
Dominic Venturo, executive vice president and chief innovation officer at U.S. Bank, will participate in a fireside chat at Bank...
Fifth Third Bank has applied for a national bank charter
Cincinnati-based Fifth Third Bank has applied for a national bank charter as it expands its suite of products and services....
Goldman is quickly expanding its digital retail bank Marcus
Marcus by Goldman Sachs, Goldman's digital-only retail bank, is quickly becoming a full-service financial platform -- a threat to both...
Startup Brex is raising money at a valuation above $2 billion
Just two years after it was founded, Brex Inc. is close to securing new funding at a valuation north of...
