Remove Capital Remove Digital Banking Remove Marketing Remove Millennials
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Millennial-Focused Digital Bank Empower Finance Raises $20M

PYMNTS

San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The company, which was founded in 2017, is run by a former Sequoia Capital partner named Warren Hogarth.

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Capital One Joins Effort to Educate Seniors About Online Banking

Bank Innovation

Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way.

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The Race For Singapore’s Digital Banking Licenses

PYMNTS

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. billion ($1.1 Grab + Singtel .

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NEW REPORT: Visa On Arming CUs To Win The War For Millennial Talent

PYMNTS

But recently, lawmakers from opposite sides of the aisle came together on an initiative aimed at helping the credit union market. for assistance with its “Digital 2x” initiative. The program aims to accelerate the integration and deployment of digital banking technologies and to improve member experiences. The good news?

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Stackin’ Scores $4M In Funding, Adds Digital Banking Features

PYMNTS

The $4 million in funding was led by Experian Ventures, Dig Ventures and Cherry Tree Investments, along with participation from new and existing investors including Social Leverage, Wavemaker Partners and Mucker Capital, Stackin’ said in a press release. UPROXX Media was acquired by Warner Music Group, the press release said.

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Challenger Banks Raise Record Funds To Take On Traditional FIs

PYMNTS

Digital banking startups are popular in Europe, dangling low fees and mobile apps to attract more customers. Challenger banks have raised $100 million worldwide in the second quarter and are the fastest-growing FinTechs, Lindsay Davis, a senior intelligence analyst at CB Insights, told the FT. .

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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

FICO

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. What can financial institutions learn from TikTok?