But financing directly from its balance sheet may prove harder to scale than using investors via a marketplace, like Pipe.
A tweet from Jack Dorsey outlined Square’s ambitions to launch a wallet device that’d reduce reliance on third-party crypto custodians by giving consumers greater control over how they store and spend their Bitcoins.
Simmons First National Corporation wants to buy a pair of smaller banks in Tennessee for a quick path to an expanded branch footprint and larger deposit base to fund digital investments.
Compliance will be key to promoting user trust, and fintechs should expect more regulatory scrutiny in the near future as the FCA aims to make the crypto sector safer for consumers.
Judges toss New York’s fintech charter challenge: An appeals court panel overturned a ruling that let the state’s Department of Financial Services challenge the Office of the Comptroller of the Currency’s special-purpose charter—a credential that would permit tech giants to offer banking services.
The event will feature experiences and perks across a variety of categories, which should help Amex increase customer engagement and expedite travel & entertainment volume recovery as the US reopens.
Yieldstreet lets users invest in alternative assets conventionally reserved for institutional investors, and other investment platforms may follow suit with similar offerings.
Temenos Virtual COO—which incorporates explainable AI, to help its banking clients’ business customers make financial decisions—lets banks use the technology for complex operations.
PrimaryBid partnered with Euronext to offer French retail investors early access to IPOs, but fintechs should ensure users understand that these present potentially highly risky investments.
Wefox has raised a $650 million mega-round following strong revenue growth in 2020. And doubling down on further European expansion will tap into the growth of the European insurtech space and drive profitability.
The pandemic paradoxically helped pad consumer’s bank accounts—and banks now face the reckoning that fees are unlikely to return to historic levels.
Telehealth contributed to higher consumer satisfaction with health plans amid the pandemic, per new J.D. power data—but long-term adoption of the tech remains uncertain as congress has yet to make pandemic-era telehealth regulations permanent.
Neobanks, the digital disruptors of the fintech world, will see the number of US account holders reach 20.2 million by the end of 2021, more than double the number just two years ago, according to our inaugural Insider Intelligence forecast for digital-only banks. Neobank Chime, which was founded in 2013, is well ahead of its competitors. It will hold steady as the industry leader, but there will be a shift this year for the No. 2 spot.
On today's episode, we discuss what the world will look like in 2030. Who will be the digital ad giants, how much shopping will we do online, will bank branches disappear, and more. Tune in to the discussion with eMarketer vice president of forecasting Monica Peart, senior director of forecasting Shelleen Shum, and directors of forecasting at Insider Intelligence Cindy Liu and Oscar Orozco.
Acorns is going public via a $2.2 billion SPAC to accelerate its user acquisition growth–and this won't be the last investing app going public this year.
When US neobanks will hit 40 million clients
US insurance giant Geico has selected Tractable to expedite its repairs assessment and claims processing. This marks a big win for Tractable that the UK insurtech will likely seek to repeat with additional US incumbent partnerships.