Weekly Wrap: Banner week for fintech acquisitions
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 21, 2020. In this...
Retail Banking
With CardWorks, Ally gains tools to broaden customer reach
On Tuesday, Ally Financial announced plans to acquire CardWorks, a non-prime card and consumer finance lender, for $2.65 billion, a...
Fiserv dives into cashierless checkout
With the growth of smartphone use and online shopping, merchants are increasingly adding cashierless checkout options. This includes the Amazon...
Banking startup Level enters the high-yield savings race
Level, a digital banking startup based in San Francisco, is trying to hook customers with a 2.1% savings account annual...
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...
LendingClub breaks ground with Radius Bank acquisition
LendingClub, the publicly traded digital-lending marketplace, announced Tuesday that it is acquiring Boston-based Radius Bank, which has $1.4 billion in...
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...
How messaging allows a one-branch credit union with global reach to serve its members
The Dow Chemical Employees’ Credit Union, which has 68,000 members around the globe and only one branch, is using in-app...
Facing pressure, HSBC rethinks US strategy
HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it...
TipYo pitches digital tipping for hotel staff
There may no longer be an excuse for stiffing hotel staff who ferry bags to guest rooms. TipYo, an Alexandria,...
