NCR offers to buy Cardtronics for $1.73B

NCR offers to buy Cardtronics for $1.73B

Reuters reports that NCR Corporation, an Atlanta-based company that makes ATMs and self-service payment kiosks for the retail and hospitality industries, has offered to buy Cardtronics for $1.73B in cash.

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How Green Dot is disrupting challenger banks

How Green Dot is disrupting challenger banks

Green Dot, a bank holding company and banking-as-a-service provider behind more than 100,000 retail brands, launched GO2bank, a digital banking brand for low-to-moderate income customers.

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Industry takes stand against violence in Washington, D.C.

Industry takes stand against violence in Washington, D.C.

Several prominent financial industry leaders condemned the actions of a group of President Donald Trump’s supporters who stormed Capitol Hill on Wednesday, January 6.

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DoorDash launches banking platform for delivery workers

DoorDash launches banking platform for delivery workers

Food delivery platform DoorDash, which this month went public at a $60.2B valuation, is rolling out a banking solution for its workers that includes a prepaid visa card and mobile banking app.

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Canadian banks double down on personal finance assistants

Canadian banks double down on personal finance assistants

TD Bank and CIBC this week announced enhanced capabilities for their AI banking assistants, in a bid to drive engagement and keep customers in their ecosystems.

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SoFi reportedly exploring possibility to go public via SPAC

SoFi reportedly exploring possibility to go public via SPAC

Personal finance company SoFi, which in October got preliminary approval for a banking charter from the OCC, is exploring possibilities to go public through a merger with a special purpose acquisition company (SPAC), according to a report from Reuters.

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Banking app Step raises $50M Series B, crosses half a million users in two months

Banking app Step raises $50M Series B, crosses half a million users in two months

Step, a banking platform for teens, raised $50M in Series B financing led by Coatue, with participation from a range of known venture capital firms that are returning investors, alongside fintech executives from Visa, Venmo, Square, and Facebook. Celebrity investors include Dreamers VC (led by Will Smith), Tiktok star Charli D’Amelio, Justin Timberlake, The Chainsmokers, Eli Manning, and others.

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Digital banking startup Current crosses 2 million customers, raises $131M

Digital banking startup Current crosses 2 million customers, raises $131M

Current, a New York-based digital banking startup, has picked up $131M in Series C funding, following a year of “exponential growth” for the company.

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Starling Bank breaks even thanks to strong customer growth

Starling Bank breaks even thanks to strong customer growth

Growth in consumer accounts and a rush of revenue have propelled U.K.-based challenger bank Starling to break-even status, a feat few challenger banks have managed to pull off. The company reported an operating profit of £0.8M ($1M) for October, or £10M ($13.3M) on an annualized basis.

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Daylight, a challenger bank for LGBT+ customers, launches in the US

Daylight, a challenger bank for LGBT+ customers, launches in the US

Daylight is a mobile-first digital banking platform launched to support LGBT+ people as they navigate their financial challenges.

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PNC to buy BBVA’s US operations for $11.6B

PNC to buy BBVA’s US operations for $11.6B

PNC Bank plans to buy Spanish bank BBVA’s U.S. operations in an all-cash deal valued at $11.6B. The deal will create the fifth-largest U.S. bank by assets.

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PayPal rides digital adoption wave with user uptick and product growth plans

PayPal rides digital adoption wave with user uptick and product growth plans

PayPal reported third quarter earnings this week, in which it reported strong user growth and future plans for its digital financial product suite.

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Lawmakers introduce bill to create national public banking system

Lawmakers introduce bill to create national public banking system

Democratic lawmakers Alexandria Ocasio-Cortez (N.Y.) and Rashida Tlaib (Mich.) last week introduced the Public Banking Act, which would allow for the creation of federally chartered and supported public banks.

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Goldman releases software to allow clients to embed banking services into their products

Goldman releases software to allow clients to embed banking services into their products

The banking-as-a-service ecosystem got a big boost this week through the release of APIs that allow clients’ programmers to build on top of the bank’s platform.

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Rate of unbanked households hits ten-year low

Rate of unbanked households hits ten-year low

The Federal Deposit Insurance Corporation reported that in 2019, 5.4% of American households were unbanked, the lowest rate since 2009.

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