Fifth Third Bank Launches Digital Wills
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Fifth Third Bank is partnering with San Diego-based digital estate planning fintech Trust & Will to offer online estate planning services to its customers.
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Fintech News Stories
UK challenger bank Starling reports strong revenue growth during pandemic
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In a business update, U.K.-based digital banking startup Starling reported an annualized revenue run rate increase of more than 370% in wake of the pandemic, to £80M ($104.6M).
Read MoreCustomers Bancorp sells BankMobile to Megalith Financial Acquisition
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Customers Bancorp has agreed to sell subsidiary platform BankMobile to Megalith Financial Acquisition. The company would then merge with Megalith, change its name to BM Technologies, and go public.
Read MoreMixed fortunes for challenger banks
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The past week has been a mixed bag for challenger banks globally. U.S.-based Varo earned a national bank charter, clearing three years of regulatory hurdles and hefty investments; Australia’s DayTek Capital was granted a banking license, joining the likes of Xinja, Judo Bank and Volt; and U.K.-based Monzo posted $149M (£113.8M) loss for the year.
Read MoreGoldman develops M&A matching app for clients
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Goldman launched an app for clients called Gemini to help its clients find merger and acquisition prospects.
Read MoreRadius Bank Strengthens In-House PFM
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Radius Bank, a digital bank with $1.4B in assets, is incorporating goals-based saving into its app. Radius, which has partnered with many fintechs, is in the process of joining LendingClub upon the close of a $185M acquisition of the bank.
Read MoreFIS launches subscription-based model for community banks and credit unions
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Banking core technology provider FIS this week unveiled a flat-fee, month-to-month subscription model for community banks and credit unions called ClearEdge.
Read MoreHow Credit Unions Rapidly Utilized Fintech To Deliver The PPP
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How LoanStreet helped credit unions thrive during the pandemic
Read MoreChallenger Bank Klar, Overcomes The Pandemic With A Unique Approach To Credit
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Klar - the challenger you might not know...yet
Read MorenCino to go public despite incurring losses “for the foreseeable future”
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Cloud-based bank operating system nCino, filed to go public on Monday and is seeking to raise $100 million, despite no indication of when it plans to be profitable.
Read MoreOCC to Launch National Payments Charter
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The OCC is looking to launch nationally-applicable charters for payments companies this fall.
Read MoreCrowdsourcing to Achieve Innovation in Banking
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U.S. Bank has been at innovation for 10 years and has seven teams working on it. Stephanie Hammes-Betti heads up one of those groups, Innovation Design. She describes her work as the front end of innovation, looking for new ideas to bring to the bank to evaluate.
Read MoreSlow-and-Steady Might Be Paying off for Banks
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Are banks the tortoise in this financial-crisis-to-coronavirus-era race?
Read MoreBank App Customers Worry About Self-Inflicted ‘Fat Finger Error’
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What are the safeguards when Susie is standing in her kitchen attempting to transfer money between accounts using her bank’s mobile app?
Read MoreCitizens Bank Taps Employees and Fintechs in Its Drive for Innovation
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From an internal competition for innovative solutions to being a founding member of MassChallenge Fintech, Citizens Bank is looking to embrace change. Lamont Young, Executive Vice President and Head of Digital and Experience Design, shares how the bank looks for ways to improve the customer experience, reduce costs, and make paper processes digital.
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