German digital bank N26 is getting into the insurance business and has its sights set on tackling some of the industry’s biggest players, CNBC reported on Tuesday (April 15). The FinTech is partnering with Berlin’s Simplesurance, a startup that facilitates mobile cross-selling in the insurance...
In today’s top news in digital-first banking, Citi announced that its application programming interface (API) connectivity platform has processed more than 1 billion API calls since its 2017 launch, while consumers increased their expectations for spending, inflation and home prices. Plus, Mastercard and Doconomy have...
Physician, heal thyself — financially. Student debt in times of financial stress can be a crushing burden. That’s especially true for individuals who have chosen careers in the medical profession, where the average medical school debt can top more than $215,000. It’s a different set...
In today’s top news in digital-first banking, Plaid has raised $425 million via a Series D funding round, while PSCU has expanded its reach in Hawaii. Plus, Brink’s has acquired PAI for $213 million. Plaid Raises $425 Million Series D At $13.4 Billion Valuation Plaid,...
By the official numbers, there are 33 million unbanked and underbanked consumers in the United States. Of those 33 million, a relatively small number — around 7 million or a little over 5 percent of the U.S. population — are fully unbanked, lacking both a...
In today’s top news in digital-first banking, Bank Negara Malaysia could issue up to five licenses for digital banks by the first quarter of 2022, while the Eastern Caribbean Central Bank (ECCB) has debuted its DCash digital currency on the heels of the launch of...
In today’s top news in digital-first banking, Peoples Bancorp and Premier Financial Bancorp will combine in an all-stock merger, while PSCU will provide credit processing support for Credit Union of Texas as part of an expanded partnership. And Alabama-based Citizens Bank & Trust has selected...
The pandemic has served as the biggest financial industry crisis since the 2008 recession, with social distancing guidelines, stay-at-home orders and the economic fallout, forming a triple threat that has rocked the sector. Thousands of bank branches across the U.S. have closed temporarily or permanently...
Loans have served as lifelines for SMBs during the pandemic, but accessing these funds often requires navigating legacy onboarding systems and friction-filled fraud-prevention measures. In this Digital-First Banking Tracker, Sam Sidhu, vice chair and chief operating officer at Customers Bank, explains how banks can leverage...
