Weekly Wrap: Varo gets FDIC approval, as Curve prepares for US launch
Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 14, 2020. In this...
Retail Banking
Klarna creates global ‘Consumer Council’
Point-of-sale lender Klarna, which has a banking license in Europe and partners with banks in other markets, is creating a...
Wells Fargo Gateway hits 1.5B API interactions in 2019
Wells Fargo Gateway processed more than 1.5 billion digital interactions in 2019 between the bank’s customers and third-party apps. The Gateway, established...
Herman Man, BlueVine chief product officer, to speak at Bank Innovation Ignite
Herman Man, chief product officer at the small business lending company BlueVine, will speak on a panel at Bank Innovation...
Revolut automates compliance workflows to fuel expansion
U.K.-based digital banking startup Revolut is expanding at a rapid clip. The company boasts more than 8 million customers across...
With new funding, Nova Credit to expand auto finance and mortgage businesses
Nova Credit, a startup whose technology helps banks underwrite immigrants, is growing its auto finance and mortgage offerings. Nova Credit...
S&P: US banks relying less on big-box stores to house branch locations
The growth of mobile and digital banking is driving in-store branch numbers down. In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway. As of January,...
Varo’s bank charter process a test for consumer banking startups
This week, digital banking startup Varo received approval from the Federal Deposit Insurance Corporation, a significant milestone in the company’s...
Digital bank N26 to depart the UK amid Brexit upheaval
N26, the Berlin-based digital-only bank that has raised more than $670 million and gained 5 million users globally, announced Tuesday...
Wells creates new digital innovation group as part of organizational overhaul
As part of a comprehensive organizational overall, Wells Fargo & Co. has created a group to focus on strategy, digital...
