BlueVine taps ex-LendingClub president Steve Allocca as COO
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Small business lender BlueVine has hired Steve Allocca, former president of LendingClub, as the company’s first chief operating officer.
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Fintech News Stories
Neobanks let customers jump queue with early stimulus payouts
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With the approval of the coronavirus relief package, consumers anxiously await their stimulus deposits, an area where digital-only banking startups are pulling ahead of incumbent players.
Read MoreStripe eyes acquisitions as it secures mammoth $600M fund raise
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Stripe, a company whose tools allow merchants to accept payments, says it’s growing its European operations amid a $600M Series H fund raise.
Read MoreCFPB to enforce lending protections for LGBTQ customers
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The Consumer Financial Protection Bureau (CFPB) this week issued an interpretive rule clarifying that it will enforce a federal ban on sex discrimination in lending practices, which also applies to cases where discrimination is claimed on the basis of sexual orientation or gender identity.
Read MoreNot junk mail: As Covid relief bill passes, many will receive MetaBank-issued cards
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While the bulk of stimulus payment cards are going out through direct deposit, a significant number will be sent via MetaBank-issued prepaid cards.
Read MoreGreen Check Verified rolls out anti-money-laundering toolset for cannabis-focused banks
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Green Check Verified, a company that offers cannabis banking software and service solutions, today launched a suite of account monitoring and compliance tools to enable institutions to meet regulatory requirements more efficiently.
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SoFi buys bank to speed up bank charter journey
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In an apparent move to secure a bank charter as soon as possible fintech SoFi acquired California’s Golden Pacific Bancorp for $22.3M. SoFi offers banking, lending, and investing products.
Read MoreEquifax acquires transaction analytics company AccountScore as it enhances credit-scoring capabilities
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Credit bureau Equifax has acquired AccountScore, a 5-year-old U.K.-based company whose technology helps businesses obtain and understand bank transaction data. Terms of the deal were not disclosed.
Read MoreNeobanks N26 and Ellevest launch cash back rewards as loyalty drivers
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In a crowded market of digital-only banks and bank-type platforms, cash back rewards are seen as a way to keep customers engaged.
Read MoreCI Galaxy Bitcoin ETF to launch on Toronto Stock Exchange this week
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In a move reaffirming their openness to bitcoin in traditional markets, Canadian securities regulators approved a third bitcoin exchange-traded fund – the CI Galaxy Bitcoin ETF – that will launch Tuesday on the Toronto Stock Exchange.
Read MoreStarling Bank crosses 2 million accounts, achieves unicorn status
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Starling Bank, a 7-year-old U.K. neobank, crossed 2 million accounts on the heels of its biggest fund raise yet: $376M, led by Fidelity investments.
Read MoreMoneyLion acquires wealthtech firm to boost robo-adviser capabilities
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MoneyLion, a New York-based banking, investing, and lending platform, has acquired Wealth Technologies in an effort to bolster its in-house tech capabilities that help users plan their financial lives.
Read MoreInsurtech Hippo to go public via SPAC in $5B deal
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Hippo, a 6-year-old insurtech firm that focuses on home insurance, is merging with a special purpose acquisition company (SPAC), in a $5B deal that will take the company public.
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