JPMorgan Expands Branches to Compete with Neobanks for Low-Income Clients
JPMorgan plans 100 new branches in low-income urban and rural areas. Neobanks continue to attract customers through innovative digital services.…
Plumery Secures $3.3M Funding to Enhance Digital Banking Platform
Plumery raises $3.3M, bringing total funding to $7.8M. Funds will boost sales, marketing, and product development efforts. Plumery's platform enables…
PayPal Completes First Business Transaction Using PYUSD Stablecoin
PayPal used its stablecoin PYUSD for a business transaction with Ernst & Young. Stablecoins offer stability compared to volatile cryptocurrencies…
Klarna Rebrands Checkout Service to Kustom
Klarna rebrands its checkout service to Kustom for increased customization. Kustom partners with Stripe to expand payment options for merchants.…
Venmo Introduces Scheduled Payment Feature for Users
Venmo announces a scheduled payment feature for enhanced user convenience. It benefits Teen Account users, allowing parental control over transactions.…
FIS Launches New Digital Trading Storefront to Enhance Trading Experiences
FIS introduced its Digital Trading Storefront for financial institutions. The platform enhances real-time trading with personalized, scalable features. FIS aims…
UK Financial Regulator Fines Starling Bank £29 Million
Starling Bank fined £29m for lax financial screening controls. FCA found violations in opening accounts for high-risk customers. Bank initiates…
Is Chime’s SpotMe Revolutionizing Fee-Free Overdrafts?
Chime's SpotMe feature offers fee-free overdrafts up to $200. The service has provided $30 billion to users since 2019. Chime…
Can Open Banking Gain User Trust for Real-Time Payments?
Open banking enables personalized services through bank-FinTech collaborations. Strategic partnerships enhance global account verification processes. Consumer trust issues persist despite…
How Does Carmoola Plan to Impact Car Financing with NatWest’s Support?
Carmoola secures £100 million financing deal with NatWest for car finance. Partnership aims to provide direct-to-consumer car loans with competitive…
