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UK Digital Bank Monzo Crosses Pond To US

PYMNTS

shores, debuting with what is being termed a “limited rollout” of an app linked to a checking account and debit card. The company said it will be signing up consumers for its cards through the next few weeks at events slated to be held in cities including Los Angeles, New York and San Francisco. In the U.S.

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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

banking market through a partnership with Ohio-based Sutton Bank. It has already signed consumers up for its cards in cities including Los Angeles, New York and San Francisco and there is currently a waiting list. s FinTech-friendly regulatory environment.”. In June, Monzo started its move into the U.S. In the U.S.

Lending 161
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Installment Payment Platforms Can Solve Trade Credit Problems

PYMNTS

Analog processes present challenges for buyers and sellers looking to communicate AR issues, according to Craig O’Neill, CEO of FinTech VersaPay. AIG and FinTech FastPay have partnered to support advertising and media companies’ cash flows by providing loans in exchange for borrowers’ anticipated AR payments.

Payments 100
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Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

Wells Fargo also announced plans to sell 52 branches in Indiana, Ohio, Michigan and parts of Wisconsin to Flagstar Bancorp. The San Francisco-based bank had a total of 5,751 retail branches by the end of the second quarter, citing 114 branch consolidations during the first half. The bank reported 5,977 retail branches in the year-ago quarter.

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The 31 European Unicorns Ranked By Valuation

CB Insights

Combined, these 31 European startups have raised more than $21B in total funding, and operate across industries including fintech, e-commerce, healthcare, and more. Earlier this year, it launched a fintech subsidiary, Auto1 Fintech, with Deutsche Bank and Allianz. Check out our real-time Unicorn Tracker for a full list.).

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Finovate Alumni News

Fintech Labs Insights

Whiznews in Southeastern Ohio looks at a local deployment of SizeUp with the Zanesville-Muskingum Chamber of Commerce. Coinbase enables UK and Spanish customers to buy bitcoin using 3D Secure credit and debit cards. Around the Web. RedCloud names Katia Hilal as Vice President of Product. See RedCloud at FinovateFall 2015 in New York.

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California Bankers Association Selects Vantiv as EFT Processing Partner

Fintech Labs Insights

Ohio-based Vantiv announced this week it will serve as the payment processing partner of the California Bankers Association (CBA). CBA member banks have access to Vantiv’s payment processing solutions for credit and debit card payments, as well as ATMs.