Tag: Bank
African turns to mobile payments as a tool to curb COVID-19
Africa is using digital finance as a means to stem the spread of COVID-19. Governments and startups on the continent are implementing measures to shift a greater volume of payment transactions toward mobile money and away from cash — which the World Health Organization flagged as a conduit for the…
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Goldman Sachs predicts brutal second quarter as unemployment spikes above 2 million
Even as the Trump Administration calls for states to not release unemployment data for the month of March, Goldman Sachs on Thursday issued its own predictions on the jobs market and the broader health of the U.S. economy on Friday. The financial services giant is predicting unemployment claims to spike…
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Credit Sesame launches a digital banking service focused on improving credit scores
Credit Sesame is getting into digital banking. The credit and loans company, first launched at TechCrunch Disrupt in 2010, has since grown to 15 million registered users and, in 2016, achieved profitability. To date, its focus has been on helping consumer achieve financial health by taking steps to consolidate debt…
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Could lessons from the challenger bank revolution kick-start innovation on the climate crisis?
Now that the world is swimming in data we may be able to address the climate and environmental risks to the planet. But while there is plenty of capital to invest in things like ClimateTech, a lot of the data that’s needed to tackle this big issue is badly applied,…
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Level launches a mobile banking app offering 1% cash back on debit purchases, 2.10% APY
A number of startups are taking on big banks with new apps that offer modern, mobile banking experiences, innovative features, and reduced or even zero fees. Entering this now-crowded market is Level, a challenger bank and banking app with advantages like 1% cash back on debit card purchases, 2.1% APY…
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Remitly launches Passbook, a neobank aimed at immigrants, to expand beyond money transfers
Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer base. Today, it’s taking the wraps off a new product that puts paid to that plan: it’s launching Passbook, a new bank…
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