2019 Digital Banking FDIC Fintech 
PYMNTS
APRIL 24, 2020
Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. however, funding for FinTechs actually increased to $3.7 B2B FinTech investments appear to be relatively strong, too. As an FDIC insured bank in the U.S.,
Gonzobanker
MAY 4, 2020
All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. SoFi/Galileo: This $1.2
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PYMNTS
NOVEMBER 9, 2020
million households lacked access to bank accounts as of 2019. Becoming unbanked also means losing access to other credit products or the ability to receive digital payments or disbursements via traditional channels, further reducing the money these individuals can save in an attempt to bolster their financial standing.
CB Insights
JANUARY 5, 2021
In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. Source: FDIC. Source: PwC. The unbanked/underbanked.
PYMNTS
JANUARY 7, 2021
In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Green Dot Introduces GO2bank To Help Cash-Strapped Consumers.
PYMNTS
DECEMBER 16, 2018
Robinhood , the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from that, removing any mention of checking and savings from the product.
Fintech Labs Insights
NOVEMBER 10, 2023
Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.
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