Tag: fdic
Mobile-first bank Simple is shutting down
One of the first-ever mobile-first banks is shutting down. After an email notice started to circulate on Twitter earlier in the day, a spokesperson for BBVA confirmed to Engadget the company plans to shutter Simple. The move is part of an ongoing eff… Source
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Betterment adds checking and savings products
Betterment, the New York-based automated advisory service for wealth management, is adding FDIC-insured checking and savings account services through partnerships with several banks. “It’s the culmination of something we’ve been working on for a long time.,” says Betterment chief executive and founder, Jon Stein. While the money management services company…
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The intersection of small business, tech and our financial system is more important than ever
Ann Marie Mehlum Contributor Ann Marie Mehlum serves on several boards, including Summit Bank, and is a senior advisor at FS Vector, Fenway Summer’s advisory affiliate. Previously, she was associate administrator of Capital Access at SBA. Javier Saade Contributor Javier Saade serves on several boards, is venture partner at Fenway…
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Recommendations for fintech startups navigating the procurement process
Marc Gilman Contributor Marc Gilman is general counsel and VP of compliance at Theta Lake. He is also an adjunct professor at Fordham University School of Law. The expanding scope of fintech has been well documented in these digital pages. Payments, investing, financial planning and lending often spring to mind…
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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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