Thursday, March 28, 2024

SoFi buys Zenbanx to launch banking product

SoFi is expanding into banking with the acquisition of mobile-banking startup Zenbanx. The company will pay around $100m for the startup. Read more: www.fintechroundup.com

Dave pockets $3m to help users stay out of their overdraft

Spending tracking app Dave has secured $3m in funding from backers including serial VC Mark Cuban. Read more: www.fintechroundup.com

The effect of Robo-advisory on next level independent advice

Aided by robos, advisors will become more like today’s doctors, analyzing information and reviewing the platforms' recommendations and helping clients implement them. Read more: www.thinkadvisor.com

Building a digital bank — from scratch

Varo Money CEO and Cofounder Colin Walsh, says that the future of banking, for millennials in particular, lies not in branches but in bots who become money coaches. Read more: www.pymnts.com

Scaling a challenger bank from the back to the front

Challenger banks start from a pretty grim position – most of them don’t have any customers. So how are they scaling? Read more: www.bankinginnovation.com

FinTech makes it easier than ever to protect our wealth

Imagining a future where money doesn’t need the involvement of central banks or legal tender laws. Read more: www.irmagazine.com

Kid-friendly banking app Current picks up $3.6m

Mobile banking and payments platform Current has closed $3.6m in a seed funding round from Expa and Human Ventures. Read more: www.fintechroundup.com

Epam wins $300m UBS deal

The world's largest wealth manager, UBS, has inked a $300 million-plus, multi-year deal with technology firm Epam Systems as it seeks to put IT at the heart of its cost reduction programme. Read more: www.finextra.com

Japan’s Money Forward grabs $11m

Local banks love Money Forward in Japan. The personal finance company now has four million users and another $11m for its war chest. Read more: www.techinasia.com

Banks are killing the password, and they can thank the iPhone

Many distinct entities are looking to kill the password, or replace it with better, more secure ways of logging into several online services. Banks are among them, and it’s easy to understand why. Read More: bgr.com

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