Making news this week was Stripe, Chime, ChatGPT, JPMorgan Chase, the CFPB, the OCC, PayPal, the European Central Bank, and more.
In 2016 JPMorgan’s corporate and investment bank user experience team consisted of 20 people, the team has since grown to...
Florida based Axiom Bank launched a new all digital account targeted at the unbanked; Axiom partnered with fintech company Malauzai to help design and launch their mobile app; "For many in our community, AxiomGo provides the first tangible banking experience that not only eliminates expensive fees, but also enables them to perform any banking transaction needed at any time of day,” says Ron Strand-Sorrell, the bank's chief operating officer, in a release reported by American Banker. Source.
Robinhood has become a buzzword in fintech and even on cable news programs with more day traders taking to the...
Alibaba’s Ant Group Plans Hong Kong IPO At $200B+ The Startup Movement Is Globalizing: New Report Proves It Global Digital...
One of the biggest benefits presented by fintechs is their ability to serve customers big banks normally would ignore; with...
Asset management divisions within big banks have always been a solid revenue source but recently they have taken on greater...
Fintechs have started to follow the Fed and slash rates on savings accounts by an average of 1 percent; the...
COVID-19 is leading to a 72% rise in the use of fintech apps in Europe according to the deVere Group;...
The continued push by Amazon into financial services could have a bigger effect on startups over banks; Nicolas Parmaksizian, global head of Capco digital, tells TearSheet, “If you combine an Amazon with a Capital One, you’re combining the amazing power of Amazon and Capital One’s data analytics, and that’s a challenging thing to compete with as a startup banking brand.”; digital only banks look to offer a better experience at a lower cost than the traditional banks, adding Amazon into the mix could drown out those startups before they ever get going. Source.