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Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards

CB Insights

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. turning Digital p2p payments into debit cards.

Cards 71
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Mobile Payments: What’s In It For Me?

PYMNTS

NanoPay is finding that for mobile payments to take off, even among early adopters, using a phone to pay must be much more rewarding and convenient than tapping a card. Vodafone is the third-largest mobile operator in the U.K. Meanwhile, consumers in Asia have no such qualms, while the U.S. is mired in cybersecurity anxieties.

Mobile 100
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Envel is the New Simple Bank (Fintech Startup of the Week)

Fintech Labs Insights

Sure they had great tech, refreshing UX and a talented team. But, I think we have another strong contender with the latest challenger, Boston-based Envel. On the banking side, the startup is working StoneCastle for deposits and Kansas City-based nbkc bank to power banking services, including a soon-to-be-launched debit card.

Fintech 15