Fintech MoneyLion, which began as a lending and personal-finance platform and more recently added banking and investing, is pursuing a financial “super app” strategy to grow its customer base.

In its second-quarter earnings report, PayPal’s net income dropped 23% year-over-year (YoY), which is partially attributable to “short-term drag” associated with eBay transitioning away from PayPal to its own solution, a shift that’s been underway over the past couple of years.

In an eleventh hour announcement, brokerage platform Robinhood, which is set to begin trading on the Nasdaq this week, has disclosed that it’s under investigation by regulators again.

M1 Finance, a Chicago-based financial app that includes investing, lending, and banking, launched an Owner’s Rewards Card that offers up to 10% cash back for users when they shop at select companies whose stock they own.

Current, a New York-based digital banking fintech, announced that it’s partnering with The Bancorp Bank to offer an “enhanced suite of services across its entire product line, including its basic, premium and teen accounts.”

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) – a cross-border payment network owned by a consortium of global banks – launched a low-value cross-border payment solution called SWIFT Go.

Zip, an Australia-based ‘buy now, pay later’ (BNPL) firm, is on course to launch crypto trading to its Australian customers and U.S. users. Zip acquired U.S.-based Quadpay last year in a bid to expand its North American footprint.

Tether, a prominent stablecoin operator, is reportedly under criminal investigation over prior actions from its early days, including whether or not the company concealed from banks that transactions were linked to crypto.

HMBradley, a neobank aimed at savers, is moving to an invite-only model amid “explosive demand,” the company said. HMBradley went from zero to $375M in deposits since March 2020.

In its second acquisition of the year, Visa will acquire Currencycloud in a deal valued at $963M.