Moody’s: I-Banks spend $72B annually to fend off fintechs
Global investment banks are making major digital investments to keep pace with fintechs, Moody’s Investors Service reported in a research ...
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Banking startup Chime reports it has 8 million customers
In Silicon Valley, entrepreneurs and venture capitalists are making big bets that the future of banking is digital, doesn’t have ...
YieldStreet launches Prism Fund in partnership with BlackRock
Alternative investment platform YieldStreet Tuesday launched the YieldStreet Prism Fund, a closed end fund sub-advised by BlackRock. The fund offers ...
HSBC reboot fizzles, sending stockholders looking for the exits
HSBC Holdings Plc Chairman Mark Tucker promised a strategy reboot. Investors got what some called more of the same -- ...
RBC fuses payments and messaging for business clients
Royal Bank of Canada is using digital money transfer service Interac to help corporate clients follow up with their customers ...
FIS touts client growth and loyalty partnership with PayPal
The modernization of core banking tools and loyalty point redemption mechanisms are key priorities for banking technology provider FIS. In ...
Why Peter Thiel’s $3.5B fintech is fleeing Britain
Defying the gloom around the financial services industry in post-Brexit Britain, the U.K. has maintained its edge in fostering the ...
With new funding, Nova Credit to expand auto finance and mortgage businesses
Nova Credit, a startup whose technology helps banks underwrite immigrants, is growing its auto finance and mortgage offerings. Nova Credit ...
Varo’s bank charter process a test for consumer banking startups
This week, digital banking startup Varo received approval from the Federal Deposit Insurance Corporation, a significant milestone in the company’s ...
Digital bank N26 to depart the UK amid Brexit upheaval
N26, the Berlin-based digital-only bank that has raised more than $670 million and gained 5 million users globally, announced Tuesday ...
