MoneyLion to use $160m funding to add savings, stock trading products
Personal finance app turned challenger bank MoneyLion, which has more than 5 million users, is seeking to lock in customers...
Strategy
Citizens boosts tech spend, attacking back office and point-of-sale lending
Citizens Bank is accelerating its tech investments to speed up migration to the cloud, as well as to support new...
Libra not a threat, ‘still playing out,’ Remitly CEO Oppenheimer says
Matt Oppenheimer co-founded Remitly eight years ago after working in Kenya and experiencing the pain of transferring money across borders...
TD Ameritrade launches in-car investment ‘experiences’ using voice, AI
With average commutes in the U.S. lasting around 27 minutes and with millions commuting for at least an hour per...
eBay accelerates payments push
eBay is pushing forward with efforts to move payments in-house instead of relying on PayPal. The company is taking a...
Truist, the combined BB&T-SunTrust bank, looks to defend its turf
BB&T isn’t worried about losing market share during its pending merger with SunTrust Banks to form Truist Financial, nor is...
Varo files FDIC application, announces $100m Series C funding
Varo Money, the 4-year-old digital banking startup with 750,000 users and $600 million in deposits, has applied for a banking...
BofA: Zelle peer-to-peer transaction volume grows by 79%
Consumers who send money to family and friends are converting to digital peer-to-peer payments in droves, if Bank of America's...
BNY Mellon to increase tech spend as cost savings materialize
Bank of New York Mellon expects to continue pouring money into technology in search of efficiencies for the foreseeable future,...
JPMorgan Chase’s Dimon: Finn app was not a failure
JPMorgan Chase's now-defunct millennial-focused banking app, Finn, was not a failure, CEO Jamie Dimon said Tuesday during the bank’s second-quarter...
