Digital banking platform HMBradley is moving its checking account to invite-only, a press release says. HMBradley’s checking account pays consumers up to 3.5 percent APY. The company said existing accounts won’t be affected. “We launched HMBradley a little over a year ago because there is...
Business banking is being reimagined by FinTechs, in an interconnected way – one that, conceptually, creates a one-stop shop for enterprises to accept payments, interact with supply chains and tap working capital in order to finance growth. Nowhere might that be more readily apparent than...
In today’s top news in digital-first banking, banks expect having higher expenses and lower revenue, while U.S. Treasury Secretary Janet L. Yellen is convening financial markets advisers and watchdogs to talk about stablecoins. Plus, Enterprise Financial Services Corp. announced that its acquisition of First Choice Bank...
Valuation is a curious business. A company goes and raises capital — to grow, to invest, to put in the till for the proverbial rainy day — and with that capital comes an implied “worth” of the company in question. The higher the worth, rendered...
In today’s top news in digital-first banking, Blend Labs, Inc. launched its initial public offering (IPO), while the People’s Bank of China (PBOC) is examining use of the digital yuan for cross-border payments. Plus, United Community Banks and Reliant Bancorp are merging in a $517 million...
In today’s top news in digital-first banking, Revolut notched $800 million at a $33 billion valuation, while Transcard launched a Smart Disburse product for companies, banks and FinTechs. Plus, the European Central Bank (ECB) has started the investigation phase of its digital euro program. Revolut...
In today’s top news in digital-first banking, Railsbank notched $70 million as it keeps growing its FinTech-as-a-Service platform on an international scale, while N26 is reportedly in fundraising talks that would value the firm at between $8 billion and $11 billion. Plus, FinTech Propel launched...
In today’s top news in digital-first banking, Better will be purchasing Trussle, while Carol Grunberg has been named head of Strategic Partnerships and Innovation for Citi’s treasury and trade solutions (TTS) unit in its Institutional Clients Group. Plus, Computer Services Inc. (CSI) launched its CSI...
In today’s top news in digital-first banking, U.S. consumers seem to be regaining their appetite for auto loans and leases, while SWIFT rolled out a service that lets banks check a recipient’s account information prepayment. Plus, the Visa U.S. Spending Momentum Index (SMI) registered a June...
