March 28, 2024

Web and Technology News

No SSN, no problem, says Maza, a fintech startup aimed at undocumented immigrants

There are many fintech companies offering digital banking services to a variety of demographics, but one segment of the population has been underserved more than others: the undocumented immigrant.

No SSN, no problem, says Maza, a fintech startup aimed at undocumented immigrants by Mary Ann Azevedo originally published on TechCrunch

Daylight, the LGBTQ+ neobank, calls it quits

Daylight, an LGBTQ+ banking platform, is shutting down. Its operations will cease on June 30, according to embattled co-founder and CEO Rob Curtis.  The announcement comes months after NY Magazine published an explosive feature on the neobank. The article honed in on Daylight, whose seed and Series A fundraises TechCrunch had covered here and here, […]

Daylight, the LGBTQ+ neobank, calls it quits by Mary Ann Azevedo originally published on TechCrunch

Onyx Private believes affluent professionals need their own bank, so it’s building one

The company provides private banking and investment services specifically tailored to high-earning Millennials and Gen Z.

Onyx Private believes affluent professionals need their own bank, so it’s building one by Christine Hall originally published on TechCrunch

Hatch Bank says hackers used Fortra bug to steal 140,000 customer Social Security numbers

Hatch Bank, a digital-first bank that provides infrastructure for fintech companies offering their own brand credit cards, confirmed hackers exploited a zero-day vulnerability in the company’s internal file transfer software that allowed access to thousands of customer Social Security numbers. The vulnerability in Fortra’s GoAnywhere file-transfer software came to light on February 2 after security […]

Hatch Bank says hackers used Fortra bug to steal 140,000 customer Social Security numbers by Carly Page originally published on TechCrunch

India launches 75 digital banking units across rural areas in financial inclusion push

India on Sunday launched 75 digital banking units in villages and small towns across the country in a move that it said will help bring financial services and literacy to more citizens. The digital banking units, set up in collaboration with over 20 public and private banks, are brick-and-mortar outlets that are equipped with tablets […]

India launches 75 digital banking units across rural areas in financial inclusion push by Manish Singh originally published on TechCrunch

With $67M in new capital, NorthOne is doubling down on SMBs as some fintech companies pull back

It’s common knowledge, especially to those who work in financial services, that the COVID-19 pandemic dramatically increased demand for digital banking globally. A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. And then there were those companies that existed well before the […]

With $67M in new capital, NorthOne is doubling down on SMBs as some fintech companies pull back by Mary Ann Azevedo originally published on TechCrunch

Brazilian fintech infrastructure company Dock closes on $110M in funding, now valued at over $1.5B

If there’s one area that has thus far felt insulated from the global venture downturn, it’s infrastructure. Companies that offer banking as a service and help other businesses offer their own financial services and products in particular continue to rake in the dollars. The latest such company in Latin America is São Paulo-based Dock, which […]

Stripe flexes its fintech muscle with Financial Connections to pull banking data automatically

Stripe, the payments behemoth valued at $95 billion a year ago and now reportedly inching closer to an IPO, today announced a new product that fills in some significant gaps in its play to be the financial services layer for merchants and other businesses whose models are based on enabling transactions. It’s taking the wraps […]

Fintech NovoPayment raises first venture round in 15 years to expand its full-stack banking API platform

The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. Banking-as-a-service (BaaS) products like Synapse, Unit, and Bond have helped fuel the shift by allowing companies to quickly spin up new financial services using APIs. NovoPayment is a global BaaS startup based in Miami that has largely been focused […]

Fintech NovoPayment raises first venture round in 15 years to expand its full-stack banking API platform

The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. Banking-as-a-service (BaaS) products like Synapse, Unit, and Bond have helped fuel the shift by allowing companies to quickly spin up new financial services using APIs. NovoPayment is a global BaaS startup based in Miami that has largely been focused […]

Digital bank Umba raises $15M, plans to expand into three new African markets

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked. We’ve covered a […]

Digital bank Umba raises $15M, plans to expand into three new African markets

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked. We’ve covered a […]

Lunar, the Nordic neo-bank, raises $77M at a $2B valuation and launches crypto trading platform and B2B payments

Challenger banks have become, collectively, a force to be reckoned with in the world of financial services for consumers, and today one of the big players out of the Nordics — Lunar — is announcing growth funding along with two new services to continue filling out its ambition of providing a one-stop super app for […]

American Express launches its first all-digital consumer checking account

American Express has launched its first all-digital consumer checking account, the company announced on Tuesday. The new offering, American Express Rewards Checking, is currently available for eligible U.S. Consumer Card Members. The launch comes as the emergence of digital banking services is causing traditional banks to enhance their digital strategies and offer more competitive banking […]

American Express launches its first all-digital consumer checking account

American Express has launched its first all-digital consumer checking account, the company announced on Tuesday. The new offering, American Express Rewards Checking, is currently available for eligible U.S. Consumer Card Members. The launch comes as the emergence of digital banking services is causing traditional banks to enhance their digital strategies and offer more competitive banking […]