Canadian banks double down on personal finance assistants
/
TD Bank and CIBC this week announced enhanced capabilities for their AI banking assistants, in a bid to drive engagement and keep customers in their ecosystems.
Read More
Fintech News Stories
Northern Trust and Standard Chartered partner on crypto custody solution
/
Standard Chartered Ventures, the innovation unit of Standard Chartered, is partnering with asset servicer Northern Trust to launch Zodia Custody, a crypto custody business.
Read MoreU.S. Bank taps Canadian startup Vouchr on Zelle e-greeting card launch
/
Zelle, the bank-backed peer-to-peer (P2P) payments network, is going social through the introduction of e-greeting cards. The feature was launched by U.S. Bank this week, and promises to add a ceremonial touch to peer-to-peer transactions.
Read MoreJPMorgan Asset Management acquires fintech 55ip
/
JPMorgan Asset Management this month acquired 55ip, a Boston and Mumbai-based fintech that offers tax automation technology for financial advisers. Terms of the deal, expected to close by the end of the year, were not disclosed.
Read More
‘Buy now, pay later,’ solution for health care PrimaHealth Credit launches
/
PrimaHealth Credit, a Newport Beach, Calif.-based lender, is taking the popular point-of-sale shopping model for retail and applying it to elective medical procedures.
Read More
Carta to launch private stock market in 2021
/
Carta, a $3.1B Silicon Valley startup that helps private companies manage equity, will roll out a private share-trading market called CartaX in January, the company said this week.
Read More
Insurtech Bestow to acquire Centurion Life Insurance Company from Wells Fargo
/
Dallas-based digital life insurance provider Bestow will acquire Centurion Life Insurance Company, an Iowa-based insurer with licensing in 47 states and the District of Columbia. Terms of the deal were not disclosed.
Read MoreBanking app Step raises $50M Series B, crosses half a million users in two months
/
Step, a banking platform for teens, raised $50M in Series B financing led by Coatue, with participation from a range of known venture capital firms that are returning investors, alongside fintech executives from Visa, Venmo, Square, and Facebook. Celebrity investors include Dreamers VC (led by Will Smith), Tiktok star Charli D’Amelio, Justin Timberlake, The Chainsmokers, Eli Manning, and others.
Read MoreLibra renamed Diem as it seeks regulatory approval
/
Libra, the Facebook-backed digital currency, is now called Diem, the latin word for “day”. The Libra Association, the Switzerland-based international body that oversees the currency, will now be called the Diem Association.
Read More
