Fintechs, Big Tech, and neobanks will give consumers more control with AI and real-time data to automate financial journeys. In the coming year, FIs and fintechs will focus on building products and services that address financial and social equity. Vanguard will acquire at least one wealthtech provider as it pushes deeper into personalization.

Given the significant amount of funding each has at its disposal, following SoFi’s strategy of scooping up a smaller bank could greatly accelerate their banking ambitions in the US. And nonbank fintechs aren’t the only ones attempting to carve out a piece of this market: Tech companies—including Apple and Google—have been dipping their toes into banking as well.

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 news: The UK credit-scoring fintech raised the mega-round from US fund Invus Opportunities, valuing it at £503 million ($645 million), per Sky News. Clearscore says it will use the funding to grow its product suite and staff. What does it do? Clearscore enables 14 million consumers across the UK, Australia, and South Africa to check their credit score for free.

New technology will promote bank and fintech integration and aid free trade across the continent. Cross-border settlement enhancements will spur innovation as well as greater involvement between payments providers.

Today it is best known for connecting startups seeking funding with venture funds. SVB’s core target audience remains innovative startups, although it has also expanded into private banking. Besides its US presence, the bank also operates in countries including the UK, Israel, Canada, and Denmark.

How effective was the PPP at getting stimulus funding to areas that needed it? Which banks were the most active PPP lenders? Did PPP funding get targeted effectively at industries that needed it? WHAT'S IN THIS REPORT?

For a deeper dive into Revolut’s global plans and products, see our story on the outlook ahead beyond its Series D funding.

The bigger picture: To prevail in the crowded residential lending solutions market, Maxwell will need strong partnerships and additional funding to spur innovation. Its biggest competitor, Blend, says it processes on average more than $5 billion in loans daily. Blend reached a $3.3 billion valuation in April.

Earlier this year, neobank Koho raised C$210 million ($167.5 million) in its Series D funding round and announced it had amassed more than 500,000 users.

To propel its growth, Better.com should target fintech startups looking to add a mortgage offering. Better.com is already partnering with banks to digitize their mortgage processes, but increased consumer demand for digital mortgage solutions could entice fintechs to add this offering as well, presenting new partnership opportunities for Better.com.

BMO’s chief digital officer on how banks can pick up the pace of digital innovation: In an exclusive Q&A with Insider Intelligence, Mathew Mehrotra talks about the need to re-examine everything from mindsets, funding models, and legacy processes to bring about digital transformation.

It also raised $650 million in funding in September 2020 at a $10.65 billion valuation, making it the most valuable European fintech at the time and giving it ample funds to build out its business. Differentiating Factors. Klarna’s three distinct financing offerings and broad financial ambition could win over consumers.

With its neobanking debut, Kabbage can market the checking account to lending customers—the company’s Kabbage Funding product offers SMBs credit lines of between $1,000 and $150,000. Conversely, Kabbage can use the new account with its generous interest rate and lenient terms as a way to acquire customers, and then sell lending products to them to grow its bottom line.

On the eve of Halloween weekend, we share the trends that are spooking fintech startups and could keep them up at night over the next year.

Fintech Futures. Fintech Singapore. Gartner. GM. Intuit. Javelin. JPMorgan Chase. Juniper Research. Klarna. McKinsey. MineralTree. Modern Retail. MoneyGram. NFCW. Northridge Group. NRF. Payments Journal. PayPal. Paysafe. PR Newswire. PYMNTS. Reuters. Stripe. TechCrunch. TrueLayer. Venmo. Visa. Voice of America. Zelle.

How effective has the PPP been so far at getting stimulus funding to areas that need it? Which banks have been the most active PPP lenders so far? How effective has the PPP been so far at getting stimulus funding to industries that need it? WHAT'S IN THIS REPORT?

How effective has the PPP been so far at getting stimulus funding to areas that need it? Which banks have been the most active PPP lenders so far? How effective has the PPP been so far at getting stimulus funding to industries that need it? WHAT'S IN THIS REPORT?

As the European insurtech space heats up, wefox’s timely new funding gives the insurtech an opportunity to scale across Europe. Several European insurtechs that enjoyed strong customer growth in 2020 reaped large funding rewards.

Chip’s expansion abroad lets it capitalize on growing fintech activity in less mature markets. For example, although fintech ecosystems in France and Germany are burgeoning this year, they still trail far behind the UK.

Its customers include high-profile names like Co-op and Capital One, as well as fellow fintech Curve. And future growth will likely stem from increased awareness and employees demanding better benefits:.