Truist to move out of the 401(k) business through a series of acquisition deals
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Truist Financial is selling off its 401(k) unit, the company announced on Wednesday, January 6. Terms of the transactions were not disclosed.
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Fintech News Stories
Rent-A-Center to acquire Acima Holdings in $1.65B deal
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Rent-A-Center, a retailer that offers home furnishings, appliances, and electronics, on a lease-to-own basis, is planning to acquire digital lease-to-own provider Acima Holdings in a $1.65B cash and stock transaction.
Read MoreSocial payments app Meemo launches custom digital gift card platform
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Meemo, a payments app that tracks user transactions and offers merchant rewards, launched a website where users can create personalized gift cards.
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TransferWise is said to be planning a 2021 IPO
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TransferWise, the U.K.-based cross-border payments fintech that’s reportedly valued at $5B, is preparing to go public in the new year, according to Sky News.
Read MoreRobinhood to pay $65M civil penalty to settle SEC charges
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Brokerage Robinhood this week agreed to pay a civil penalty of $65M over charges from the Securities and Exchange Commission that it was misleading customers.
Read MoreIslamic fintech Wahed acquires banking app Niyah
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Wahed, a U.S.-based Islamic fintech that offers a compliant investment management platform, has acquired Niyah, a British company that runs a banking app designed for Muslim communities. Terms of the deal were not disclosed.
Read MoreCredit Karma taps Progressive for auto insurance discount program
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Consumer technology platform Credit Karma, widely known as a credit monitoring tool, is boosting its data-focused strategy through a behavior-based auto insurance discount program offered in partnership with Progressive.
Read MoreQuontic Bank launches Bitcoin rewards checking account
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In a holiday season that’s seeing Bitcoin’s value rise, a New York-based community bank is allowing customers to earn Bitcoin rewards through a traditional checking account.
Read MoreGoogle Pay launches merchant cash back rewards, supported by Fidel API
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Google Pay launched merchant cash back rewards through a partnership with U.K.-based startup, Fidel.
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Wealthfront and Betterment prepare for next phases of growth
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Betterment and Wealthfront, two early robo-adviser startups that ushered in a wave of automated investment tools more than a decade ago, are preparing to expand their market share and scale more quickly.
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