PayPal highlights Venmo profit strategy
PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability. In a fourth-quarter earnings report Wednesday, PayPal...
Retail Banking
University of Toronto launches fintech bootcamp to meet local labor demand
With nearly 200 startups, five major banks, 19 venture capital firms and representation from large tech companies like Google, Facebook,...
Texas digital-only bank offers miles instead of interest
As digital banks strive to lock in customers, a Texas-based newcomer to the industry is betting on travel miles as...
Industry consortium on financial data sharing adds 25 new members
The Financial Data Exchange, an nonprofit industry consortium dedicated to unifying the financial industry around a common standard for secure...
Inside Joust’s subscription model for freelancers
Joust, a digital banking startup geared toward freelancers, is differentiating itself by offering faster access to earned income. Joust's banking...
Beneficial State Bank to revise auto loan collection practices as defaults mount
Beneficial State Bank, founded by 2020 presidential candidate Tom Steyer, is updating its collections policies on the heels of 1,800...
N26 crosses 250,000 US customers, grows product suite
Berlin-based digital banking startup N26 has 250,000 U.S. customers, the company confirmed to Bank Innovation on Monday. The company, which...
Why a community bank in Missouri is investing in core banking startup Neocova
For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth, a Missouri-based community bank with $150 million in assets,...
Grasshopper Bank advances inclusion, stamps out ‘pattern matching’
New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in...
New FICO scoring to lower risks for lenders
FICO is updating its credit scoring system to rely more on debt-to-income ratio, with consumers scoring below 600 to feel...
