Payments News

On The Web

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Tech

Standard Chartered Bank Doconomy Carbon Consumption App

“Standard Charetered has signed a contract with Doconomy of Sweden to provide customers with digital tools to track carbon dioxide emissions and freshwater consumption of goods purchased using bank credit and debit cards. The Doconomy application uses the Åland Index, introduced in 2016, to provide financial institutions with a carbon footprint calculation for all transactions. […]
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Tech

Goldman to Launch Marcus UK Robo-adviser Early Next Year

“Goldman Sachs (GS.N) will launch an app for UK users of its digital bank Marcus over the following weeks and plans to offer automated investment management to clients in the country by the first quarter of next year. The U.S. bank has attracted just over $30 billion in UK deposits since launching a savings account […]
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Tech

New Generation of Digital Banks Bets on Minority Markets

“Daylight estimates there are 30 million Americans who identify as LGBTQ. It is among a cohort of new digital banks in the United States targeting communities where many people say their needs have not been met by mainstream lenders. Such startups include First Boulevard and Greenwood, both focused on serving Black Americans, Cheese Financial aimed […]

On The Wires

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Tech

Atomic and Welcome Tech Launch Digital Banking Partnership for the Hispanic Community

“Atomic , the market leader in payroll APIs for direct deposit acquisition, and Welcome Tech , the largest financial services platform for the multigenerational immigrant community, today announced a partnership that extends financial services available to millions in the Hispanic community, a community that is often overlooked, yet vital to U.S. prosperity. The tactical partnership […]
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Companies

Visa Unlocks Digital-First Banking and Payment Experiences for Clients

“Visa (NYSE:V), the world’s leader in digital payments, today announced the expansion of Visa Fintech Partner Connect —a program designed to help financial institutions quickly connect with a vetted and curated set of technology providers. By streamlining the discovery process, Fintech Partner Connect can help Visa’s issuing partners create digital-first experiences without the cost and […]
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Deals

Zeta Raises $250M From SoftBank Vision Fund 2 for Its Omni Stack for Banks

“-Zeta, a banking tech startup, announced today that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. This is one of the largest single investments in a banking tech startup globally. Founded by London based serial entrepreneur, Bhavin Turakhia along with Ramki Gaddipati, […]
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Tech

Mission Lane Acquires Honeydue to Expand Debit and Digital Banking Capabilities

“Mission Lane, a purpose-driven financial technology company, today announced the acquisition of Honeydue (incorporated as WalletIQ), a financial technology company providing digital applications and banking services to help consumers manage their finances and develop stronger financial literacy and habits. Mission Lane provides better products and experiences for people trying to build or rebuild their credit […]
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Deals

Q2 Holdings Makes Digital Account Switching Fast and Easy With Acquisition of ClickSWITCH

“Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced its acquisition of ClickSWITCH, a patented digital account switching software-as-a-service (SaaS) solution that has transformed how financial institutions and financial technology companies (fintechs) attract and retain new primary account holders. The acquisition reflects Q2’s ongoing mission to build […]
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Tech

Walgreens Announces Further Expansion of Its Financial Services Business Strategy With InComm Payments

“Walgreens today announced an agreement with InComm Payments , a leading global payments technology company, to provide convenient and accessible financial services options for its customers. Together, the companies will launch a new bank account offering for its customers to be established at MetaBank* with a Mastercard debit card that will serve Walgreens shoppers both […]