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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). Brex said the new funding would be used for engineering and design to advance its tools for expense management and procurement.

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Galileo, Plaid Integrate To Streamline ACH Transfers

PYMNTS

The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. The price of the service was not disclosed. “In

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Even with Fair’s Job Cuts, Car-Sharing Keeps Racing Forward

PYMNTS

We’ve been working with him over the course of this year, and given our renewed focus on our acquisition and financing approach, now was the right time to ask him to step in to manage our upstream banking relationships and the fleet management.”. Big Changes. That’s hardly all.

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Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward

PYMNTS

We’ve been working with him over the course of this year, and given our renewed focus on our acquisition and financing approach, now was the right time to ask him to step in to manage our upstream banking relationships and the fleet management.”. Big Changes. That’s hardly all.

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Xero Partners with Expensify for In-House Expense Management

Fintech Labs Insights

Xero’s decision to use Expensify’s software for in-house receipt and expense management is the latest product of the strategic partnership the two fintechs announced last year. ” Founded in 2008 and headquartered in San Francisco, Expensify demonstrated Expensify Invoices at FinovateSpring 2013.

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Advisor Software Launches Robo-Advisor Platform, ASI Digital Advisor

Fintech Labs Insights

The technology , announced at the TD Ameritrade National LINC conference in Florida, makes it easier for wealth managers and financial advisors to begin providing their clients with automated digital investment advice. ” “Competitive platforms often ask advisors to make too many compromises,” Rudd said.

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Xero TaxTouch is Tinder for the Gig Economy’s Taxes

Fintech Labs Insights

The app, Xero TaxTouch aims to help self-employed workers track business expenses and manage their business-related tax deductions. In the Tinder-like user experience, freelancers separate their expenses by swiping right to file a business expense (see image on left) and swiping left to file a personal one. million U.S.

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