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Varo drops goals feature from app, citing low user uptake

Bank Innovation

In a sea of sameness among digital-only banks, Varo is taking a bold move in pulling the plug on a feature that millennials supposedly hold dear: goals-based savings envelopes. ” […].

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PNB Paribas is banking on environmental responsibility movement

BankInovation

Eighty-five percent of Americans and 95% of millennials say they are interested in sustainable investment, according to Arnaud Auger, vice president of BNP Paribas and the deputy head of the innovation lab of BNP Paribas in San Francisco. The majority of Americans want to invest in environmental sustainability.

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Bento for Business Sets Big Goals with $9 Million in Funding

Bank Innovation

Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.

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Bank of the West Adds ATMs for Young Customers on the Move

Bank Innovation

Millennials, actually. The San Francisco-based bank said it has tripled the number of cash access locations for its customers in Denver, to 151, and nearly quadrupled the number of those locations […]. One target?

ATM 150
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Future Of Fintech Is Moving To San Francisco: Here’s What To Look Out For In 2020

CB Insights

In case you missed it, the 5th annual Future of Fintech (June 14-16) is moving west to San Francisco. Chairman of the Board, Santander Innoventures ; EVP and Chief Digital and Innovation Officer, Banco Santander (NYSE: SAN). And that’s not the only change. 50+ startup demos and hundreds of VCs on the hunt.

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Enticing Millennials With Experiences Using ?Neighborhood Goods?

PYMNTS

The old model of opening a retail store with merchandise as a main focus of the space may not appeal to today’s consumers – millennials in particular. And this new breed of retail seeks to learn from at least one of the retail mistakes of the past — remaining complacent and ignoring opportunities to innovate.

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New Products, New Retailers: Affirm is on a Roll

Bank Innovation

The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space. This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin.