Last week, neobank Varo announced that it had been granted a national bank charter by the OCC, with additional approval from the FDIC and Federal Reserve to open its own retail bank.
While Google and its partners should benefit from the collaboration, a successful move by Google into banking could spell disaster for US neobanks.
Today, about 90% of public SaaS companies and the 2019 Forbes Cloud 100 have subscription-based revenue models. Now new fintech infrastructure companies have made it possible for SaaS businesses to add financial services alongside their core software product.
Anil Lulla is the co-founder and COO of Delphi Digital, a research firm dedicated to advancing the development of the crypto market.
Financial services innovators are at risk of losing access to data that’s critical to their businesses if Congress passes a proposed data privacy bill or one of several like it.
Dubbed as “challenger banks” not that long ago, the digital banks N26 and Revolut have acquired over 15 million registered users (10 million for Revolut and 5.5 million for N26) as of the first quarter of this year, putting both on a hyper-growth track.
By definition, blockchain technology cuts out middlemen. In relying on networks of users and collective trust, it reduces the need for centralized networks and data storage.
Finance services is an industry that has been particularly male-dominated, with women holding less than 10 percent of senior positions.
Fintech has been a major factor on the financial market for a while now, and it’s becoming quite hard to ignore its presence and wide sweeping effects.
Sync., a multicurrency bank account aggregation and personal financial management service founded by Revolut's former head of product design and strategy, has closed a £5.5 million seed round as it prepares to launch in Europe.
Mangot recently joined the online payments giant as operating partner of PayPal Ventures, according to people with knowledge of the move.
After nearly a decade of business ownership gains for both women and identifiable minority business owners, the recession following COVID-19’s arrival is set to devastate that growth.