Bank of America customers sent $27 billion through Zelle in Q1
Bank of America customers are shifting toward digital tools. According to data released by the bank, supplementing its earnings call...
Strategy
PPP fraud risk could run to billions
Last week saw banks and fintechs scrambling to stand up platforms to process Paycheck Protection Program loans, and now the...
Smaller banks innovate ways to handle PPP volume in the ‘scramble’
The Small Business Administration launched its Paycheck Protection Program loans more than a week ago and banks have been racing...
Weekly Wrap: SBA loans, SoFi and Galileo take center stage
One week after the Small Business Administration launched its Paycheck Protection Program, banks and fintechs alike are still navigating best...
COVID-19 accelerates launch of contactless payments
Neobank Upgrade today debuted two product launches for contactless payment that were initially slated for fall release, prompted by the...
Banks retool customer service in the scramble for PPP loans
Banks are feeling the pressure of small businesses nationwide applying for Paycheck Protection Program loans. With the launch of the...
Will COVID-19 burst fintech’s funding bubble?
Fintechs will likely have a tough time securing funding as the coronavirus pandemic continues to shake up the U.S. economy, prompting investors to...
SBA loan platforms could be fintech’s ‘big moment’
A handful of fintech providers are bringing SBA Paycheck Protection Program loan platforms to market, a move that could be...
Better.com profits from low interest rates and recent layoffs
Laid-off hospitality workers can start new careers as loan officers with Better.com. The digital mortgage lender plans to hire 1,000...
SoFi to buy Galileo for $1.2B to broaden reach
In a year of major fintech acquisitions, SoFi today announced a $1.2 billion deal to acquire Galileo, a financial services...
