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US Inches Toward Open Banking With CFPB Notice

PYMNTS

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. Plus, the U.S. TrueLayer Launches in Australia.

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Revolut Adds Crypto To US Offerings With Paxos Deal

PYMNTS

European FinTech Revolut, which recently debuted in the U.S. Paxos will hold crypto assets for Revolut’s users in the U.S., while enabling Revolut to control “the user experience” and manage its “customer relationships.” In a Wednesday (July 15) press release, Paxos Trust Co. Revolut made its U.S.

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New Canadian Digital-Only Bank Banking On User Experience

PYMNTS

The challenge for the bank will be remaining competitive when the interest rate is ultimately dialed back and the offering itself – namely its features and user experience — need to steer the ship. The focus for us has to be customer experience,” Dickinson explained of the pause due to speed of growth.

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Citizens Bank sees digital mortgage tools as a way to expand relationships

Bank Innovation

Citizens Bank is generating one-third of its mortgage applications online, thanks to a suite of tools the company rolled early this year and a partnership with San Francisco-based fintech firm Blend.

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SMB Funding Embraces The Open Banking Way

PYMNTS

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. Visa Launches FinTech Collaboration Initiative In Europe. Poland's mBank Taps Treasury Pricing FinTech.

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Emailage: Prudent Fraud Prevention Is Key To Canadian FinTech Startups

PYMNTS

Phipps said that the expansion is “an opportunity for us to leverage the work that we’ve been doing with email at [the] core of our solution.”. Already, there are many new FinTech startups in a few of Canada’s major cities and the different tech hubs. Emailage can serve various verticals.

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Brex Notches $150M To Advance Expense Management Tools

PYMNTS

FinTech startup unicorn Brex has closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said in a statement on Tuesday (May 19). The new location has a 40-person workforce and will focus on software engineering and user experience processes. .

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