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Oval Money app launches its investment products for millennials

Back in April Oval Money launched with the idea of combining expense tracking, saving, and investing into one app, while also adding a social element by enabling its community of users to share tips a

Betting consumers are tired of bad bank behavior, Aspiration raises $47 million for its alternative

A who's-who of celebrities, investors and celebrity investors have come together to invest $47 million into Aspiration, the company launched by a former speechwriter for President Bill Clinton to chal

SoFi held acquisition talks with Charles Schwab

SoFi, the online lending giant, held conversations with Charles Schwab about a potential acquisition by the brokerage firm, according to a source with knowledge of the discussions. The M&A talks 

This startup is bringing Alipay-style QR code payments to Indonesia

The growth of digital payments and banking in China, where it has become mainstream and spawned numerous on-demand industries, is inspiring companies to pursue similar opportunities across. Indonesia

Global risk analysis gets an artificial intelligence upgrade with GeoQuant

The global risk analysis used by big banks, hedge funds, and governments to inform their decision-making around everything from foreign currency investment to foreign aid is getting the machine learni

Simple’s new kind of shared bank account targets unmarried partners, roommates & more

Online banking service Simple today is launching a new type of banking product aimed at a younger generation of customers who want to be able to collaborate on finances with others, but aren’t

TalkBank lets you chat with your bank

As a fan of banks – I like the lollipops they give out – I’m slightly disturbed by services like TalkBank. This Russian company replaces one-on-one teller interaction with a chatbot

Albert raises $2.5 million for its finance app that helps you save money

Everyone knows the basics of how to improve their financial health: put money into savings, track your spending, reduce your debt, look for ways to save on your monthly bills, and make smart investmen

NSF may shut down West Virginia’s Green Bank Telescope and people aren’t happy

Tight budgets have forced the National Science Foundation to consider shutting down and deconstructing the Green Bank Telescope, the largest steerable telescope in the world. This consideration has ca

N26 announces a premium Black card with Allianz travel insurance

What’s missing from N26? The company has been slowly but surely building a new bank account from the ground up. This time, the company is trying to recreate the insurance product that you typically

Zelle p2p payments push to compete with Venmo now has 19 US FI backers

The US finance industry might finally be getting its ducks in order to compete with the likes of PayPal-owned social payments platform Venmo. Today bank network operator Early Warning announced it has

Number26 is now a true bank as it now has a full banking license

Berlin-based startup <a target="_blank" href="https://n26.com/">Number26</a> is trying to reinvent the bank. This might sound crazy, and that's why the startup has processed step by step. After p

Blackmoon launches in the US to match investors with balance-sheet lenders

It was only a matter of time before Tinder for balance-sheet lenders and debt investors became a thing. Financial matchmaking platform Blackmoon launched this week in the United States. The platform

Stellar Partners With Oradian To Bring Instant Money Transfer To Nigeria

Stellar, the Stripe-backed open-source payment network, has launched its first major integration in the form of a partnership with Oradian, a company that sells cloud-based software to micro finan

Opportunities In The Risk Business Abound As Insurance Is Ready For Disruption

Whether medical, automotive, life, residential, or commercial, the value proposition of smoothing out potential cash flow outlays often makes sense. Pretty cool. But on any chart highlighting relative

J.P. Morgan, OnDeck And The Future of Alternative Lending

Earlier this month, J.P. Morgan announced a strategic partnership with OnDeck Capital to originate, underwrite, and distribute loans targeted specifically at small businesses. As evidenced by a 28%

Aspiration, A “Merrill Lynch With A Conscience,” Gains Traction

As consumers, we can probably agree that bank profits are, well, gross. In the second quarter of this year alone, U.S. lenders wrung a record $43 billion from their customers. It’s the kind of sta

Spare5 Raises $10M Series A Round For Its Mobile Mechanical Turk Service

Spare5 lets businesses outsource menial tasks like tagging and describing images, cleaning up data and classifying content to smartphone users who want to earn a few cents while standing at the bus st

Capital One Acquires Oakland-Based Design And Development Firm Monsoon

Capital One has now made another acquisition aimed at improving its product design capabilities with today’s announcement that it has bought Oakland, California-based Monsoon, a design studio,

Your Bank Should Be More Like Your Waiter And Less Like Your Landlord

The financial services industry in America is locked into a business model of exploitation. For far too long, this has gone largely unchecked and unquestioned, even when advances in technology mean it
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