Radius Bank in Boston has been partnering with fintechs for the last few years in an effort to build relationships for the long term that benefit the bank and fintech company; “We’ve built a culture inside this company that believes in the future of virtual banking, and the demands clients are going to put on us to be an Amazon-like experience for them,” says Radius CEO Mike Butler to American Banker; the bank is looking to use fintech companies to build this experience as they are unable to build all of this in house. Source.
Chris Tremont, head of Radius’ virtual bank, joined the Tearsheet podcast to talk about how the bank has used fintech...
German based savings marketplace fintech Raisin has acquired US software company Choice Financial Solutions to help the startup launch in...
There has been a number of ransomware attacks recently on bank vendors including Finastra, Diebold Nixdorf, Cognizant and Pitney Bowes;...
Rapyd is a fintech as a service startup and announced that they had raised $40 million which was co-led by...
In this week’s PeerIQ Industry Update they cover the uncertainty from the recent Fed meeting about whether or not there...
RateSetter is reportedly exploring a sale, merger or additional fundraising due to a current funding squeeze; Sky News reports that...
On CNBC's Squawk Box Ray Dalio, the founder of the world's largest hedge fund spoke negatively about bitcoin stating "It's not an effective storehold of wealth because it has volatility to it, unlike gold. Bitcoin is a highly speculative market. Bitcoin is a bubble."; he went on to say that it could be a currency and work conceptually but the speculation going on hurts it. Source
RBC shared during an earnings call last week that they intend to launch a direct-to-consumer bank in the US in...
Embattled UK bank Royal Bank of Scotland, a name it has gone by for 300 years, is rebranding to NatWest...