Many Americans saw their financial health decline in 2022, according to the Financial Health Network's Financial Health Pulse report.
Global payments partner Anita Boomstein from Manatt Phelps & Phillips shares the latest in what is happening when it comes...
Equifax, Experian and TransUnion are making sweeping changes to how they report medical debt in collections beginning this summer.
As the world watches war unfold in Ukraine, the last several days since our inaugural FinTech IPO Tracker have been volatile, to say the least. PYMNTS breaks it down.
A look back at the most popular fintech stories, podcasts and cartoons of 2023.
There are many fintech companies who are getting significant traction in changing financial services industry; Business Insider has curated a list of 11 startups that are each worth over $1 billion and shares what each company does; list includes: Clover Health, Kabbage, Robinhood, Avidxchange, Coinbase, Apttus, Avant, Oscar, Credit Karma, SoFi and Stripe. Source
Motif provides an investment trading platform with themed investment portfolios for retail investors; the company has now introduced Motif Impact Portfolios for socially responsible investing; the Motif Impact Portfolios will feature companies focused on one of three social values: sustainable planet, fair labor or good corporate behavior; the portfolios were developed through a partnership with MSCI ESG Research; in comments regarding the announcement, Hardeep Walia, founder and CEO of Motif, noted that the introduction of the Motif Impact Portfolios will extend the company's commitment to innovative, accessible and fully-transparent financial products. Source
A proposed settlement in the Madden vs Midland case has been filed that would provide $9.8 million in cash and debt...
SBI Group, owner of SoftBank is investing into the mobile-first bank; SBI Group will also get a seat on Moven's board and the companies plan to form a joint venture in Japan; Moven is also splitting its business in two; one side is the software provider that powers digital banking software and the other is the neobank, MovenBank; Moven also announced that it is in the process of purchasing a US bank. Source
Budgeting app Moven is planning to buy a small bank so they can become a more direct competitor in the banking space; the company’s new partner, SBI Holdings, is investing in Moven to create two entities MovenBank and Moven Enterprise; “We’ll do a digital direct challenger bank without having to run branches,” Moven CEO Brett King said to TearSheet. “That was really the thing we were waiting to see if we could solve because we’re just not interested in doing branch banking.”; the company will look continue allowing banks to leverage their technology with Moven Enterprise then use MovenBank to be a true digital bank alternative. Source.