HMBradley, a neobank aimed at savers, is moving to an invite-only model amid “explosive demand,” the company said. HMBradley went from zero to $375M in deposits since March 2020.

Square, a company that has long been associated with nifty card readers, just took a leap into a broader financial services product potpourri with its latest rollout of banking products.

Digital banking startup Chime has hired 10 new lawyers this year as industry watchers attempt to read the tea leaves on the company’s possible IPO plans.

In a sweeping executive order signed Friday, July 9, President Joe Biden set forth a number of measures aimed at restricting anti-competitive practices.

Walmart, which offers a debit card issued by Green Dot Bank named Walmart MoneyCard, is adding demand deposit account (DDA) capabilities, transforming the Walmart MoneyCard from a prepaid card to a full-suite checking account.

Wireless provider Verizon this month rolled out an app to allow children to try out banking and personal finance management – with the oversight of their parents.

Revolut, a digital banking platform that operates in more than 30 European countries, Australia, Singapore, Switzerland, Japan, and the U.S., reported a £168M ($234M) loss for 2020, up 57% year-over-year, but Revolut’s adjusted annual revenues (which take into account crypto) were also up 57% at £261M ($364M).

Dave, a California-based challenger bank, personal finance app and earned-wage access provider, announced plans to merge with VPC Impact Acquisition Holdings III, Inc., a special-purpose acquisition company sponsored by Victory Park Capital.

Square is quickly expanding its territory beyond payments. The firm, which obtained a bank charter in March, is reportedly on the cusp of offering checking and savings accounts for its small-business customers.

Eco, a personal finance app that takes deposits and offers savings accounts paying 2.5-5% interest, appears to undertake a lot of banking activities without positioning itself as a bank or a cryptocurrency firm.

Wells Fargo is launching a 10-year initiative to bring unbanked and underbanked Americans into the financial system.

Investors are making serious bets on digital banking apps for young people. This week, three major companies in this space secured investments: Greenlight, which focuses on kid-friendly accounts

Till, a fintech founded by dads Tom Pincince, Taylor Burton, and Brian Chemel, markets itself as the first collaborative financial platform specifically built for families.

Goldman Sachs, whose Marcus digital banking brand in the U.K. recently reopened savings accounts deposits after a nearly 8-month pause, is investing £50M ($69M) in neobank Starling, barely a month after Starling closed a $381M funding round.

Marcus by Goldman Sachs, which likens itself to a fintech startup operating inside a large bank, is these days looking more like a legacy bank unit facing a flight of talent – the latest being head of product Sonali Divilek.