Grasshopper Bank advances inclusion, stamps out ‘pattern matching’

January 27, 2020 at 06:30AM New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank. Jeremy Shure, global head of Grasshopper’s early-stage practice, told Bank Innovation that the company serves … Continue reading Grasshopper Bank advances inclusion, stamps out ‘pattern matching’

Catalyst Fund raises $15m from JPMorgan and UK Aid for emerging market fintechs

January 27, 2020 at 06:00AM Catalyst Fund, a Boston-based accelerator for early-stage technology start-ups, has raised $15 million with its long-term backer JP Morgan and UK Aid to back 30 fintech start-ups founded across South Africa, Kenya, Nigeria, India and Mexico over the next three years. The US and UK-backed accelerator offers mentorship and non-equity … Continue reading Catalyst Fund raises $15m from JPMorgan and UK Aid for emerging market fintechs

Seattle Credit Union targets renters with personal loan offering

January 27, 2020 at 05:01AM While consumers often turn to financial institutions for mortgages, Seattle Credit Union is expanding the field of real estate related credit products by offering a loan product for renters.   Richard Romero, president and CEO of Seattle Credit Union, said renters are a customer segment that often requires assistance. High credit scores are not a prerequisite. With the rental loan, Seattle … Continue reading Seattle Credit Union targets renters with personal loan offering

Part two: Who is best positioned to provide marketplace banking?

January 27, 2020 at 01:00AM Following last week’s analysis on marketplace banking, Oliver Mitchell, CEO at Moneycado, explores how fintech products can compete in the marketplace, and how the revenue models may work for marketplace providers. Oliver Mitchell, CEO at Moneycado. If marketplace banking is the future, then any fintech product that isn’t a core … Continue reading Part two: Who is best positioned to provide marketplace banking?

[Discussion] Low/no fee checking accounts – thoughts on BBVA?

January 26, 2020 at 06:09PM After repeated experiences with absurd fees for the most banal activities with Chase on both my personal and business accounts ($8 check fee for getting a single check cut from a checking account with almost $60k in it?!?), I am looking to make a move and was considering BBVA. I've … Continue reading [Discussion] Low/no fee checking accounts – thoughts on BBVA?

[Discussion] Hello!!! Will send someone Venmo funds if can help with question

January 26, 2020 at 06:30AM Sooo... I’m a personal banker at citizens bank (11th day on the job) and was wondering if anyone else on this sub works there? I just opened a savings account and the person deposited $202,500 into my very first created savings account. Any idea how I can figure out how … Continue reading [Discussion] Hello!!! Will send someone Venmo funds if can help with question