Payments News

On The Web

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Providers

Fintech startup SoFi gets preliminary approval for U.S. bank charter

“Financial technology company Social Finance Inc has received preliminary, conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) over its application for a national bank charter, the company said on Wednesday. The application for “SoFi Bank, National Association”, which was filed in July, still needs to be reviewed by the Federal […]
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Domains

Pandemic creates big audience for wage access fintechs

“The pandemic has unleashed a boom in US fintech start-ups offering workers early access to their wages, even as questions mount about the impact their business models have on consumers.  So-called earned wage access programs vary in nature, but usually offer workers the option to receive some of their wages outside of the two-week pay […]
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Global

Colombian Fintechs Fill Latin American Banking Gaps

“When it comes to smartphone apps, banks in Latin America have been behind the curve. Movizzon, a Colombian fintech company, is helping them change that. The company buys thousands of smartphones into which it installs two apps: its own, and that of its bank clients. Movizzon’s app then takes control of the dummy phones, logging […]
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Providers

German Fintech Deposit Solutions Launches in the US

“Deposit Solutions, a Germany based Fintech unicorn, has announced its launch in the US market. According to a release, its consumer savings portal SaveBetter connects American banks digitally with savers, targeting the $16 trillion U.S. deposit market. Prominent US entrepreneur and investor Peter Thiel is a backer of Deposit Solutions.”
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Providers

PayPal and Capital One Alums Launch Bundled Banking App

“One, a banking app that launched to the public on Tuesday, is trying to take many of the products one might find at different fintechs — from spending to saving to borrowing — and bundle them into a single account and debit card. The effect of accumulating those features in one place, its founders hope, […]
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Providers

Currencycloud and Tribe Payments Collaborate on Banking as a Service Product

“Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company…The two companies explain that the partnership has been developed to give Tribe Payments partners access to real-time, wholesale FX rates. Tribe Payments will also offer unique, named virtual accounts in 35 currencies, […]

On The Wires

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Providers

Galileo Partners with Dave to Power Digital Banking Account

“Galileo , the API standard for card issuing and digital banking, announced today that it’s powering Dave Banking, an app-based spending account and debit card from Dave. Launched in 2017 as a way to help avoid overdraft fees, Dave was recently named the 26th most disruptive private company in the world. Dave helps its more […]
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Companies

Visa Fintech Partner Connect launches in Europe to enable next generation of digital payment experiences

“Visa today announced the launch of Visa Fintech Partner Connect, a new initiative that will provide financial institutions and merchants in Europe with a suite of enhanced capabilities combining Visa’s own capabilities with those of carefully selected fintech partners. Fintech Partner Connect will help Visa’s clients meet their customers’ demand for new digital payment experiences […]
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Providers

i2c Joins Visa’s Fintech Fast Track Program As New Enablement Partner

“i2c Inc. , a leading provider of digital payment and banking technology today announced that it has joined Visa’s Fintech Fast Track program as a new enablement partner in the US, Canada and CEMEA region, speeding up the process of integrating with Visa and allowing fintechs to more easily leverage the reach, capabilities, and security […]