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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”. Brex also announced Katie Biber has been named chief legal officer.

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Data Dive, Milestone Edition: Gig Payments, Affirm And Contactless March On

PYMNTS

Card Payouts is a card-based, front end user experience that integrates with treasury banks’ existing infrastructure. A hundred forty-five years after money was first moved by wire transfer using the telegraph, money still travels relatively slowly – a surprise given all of the innovation that surrounds it.

Data 100
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37 Corporate Innovation Labs In Finance

CB Insights

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

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A First Look at What’s Coming to the FinDEVr Stage this October

Fintech Labs Insights

The event will take place October 6 & 7 at the UCSF Mission Bay Conference Center in San Francisco ( check out our event brochure ). Here’s a preview of what you’ll experience at the event. The instant availability of financial transaction and account data unlocks fintech innovation and improves security.

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Finovate Debuts: Nexmo Brings Seamless Multifactor Authentication to Mobile Banking Apps

Fintech Labs Insights

On the other hand, however, too much friction quickly turns user experiences into user ordeals. Headquartered in San Francisco, California. Key investors include Sorenson Capital, NHN Capital, and Initial Capital. ” Company facts: Founded in January 2010. Employs more than 160.

Mobile 12
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AppsFlyer Unifies Mobile Marketing Attribution, Sees $56M Series C

PYMNTS

The remaining triple-digit deal in the period came as Banco Bilbao Vizcaya Argentaria invested in Atom Bank with as much as $101 million, part of continued capital raising since the latter months of the last year. Looking at the regional breakdown, the U.S. held sway with 83 percent of the investments for the week.

Mobile 108
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242 Startup Failure Post-Mortems

CB Insights

But overpriced, over-hyped hardware products weren’t the only “innovations” we said goodbye to: we also recently witnessed the deaths of startups working in mobile AR, e-commerce, digital media, and more. Read on for post-mortems on 10 of the latest startups to bite the dust. Three notable excerpts: First Attempts : Blin.gy

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