Tag: banking
When Is It Green Finance and Not Just Green Giving?
Financial institutions are pitching their eco-credentials as the coronavirus subsides. Clean energy commitments will matter most.
This article is...
Varo, Mobile Bank Backed by Bono’s Rise Fund, Adjusts During COVID-19...
The online bank is boosting partnerships with job platforms and putting an emphasis on processing customers’ relief fundsVaro Money expects approval to...
Bring Me His Head: JPMorgan Activist Shareholders Want Former Exxon CEO...
Climate wars are heating up at JPMorgan Chase, with activist shareholders pushing to oust former Exxon Mobil Chairman Lee Raymond from the...
Davos Day 3: FinTech Giants Take on Central Banks on the...
Tech giants and government officials brought their simmering dispute over the future of cryptocurrency to the World Economic Forum, arguing over whether...
Jack Ma, Dan Loeb Behind $2.6 Billion Fintech Deal Targeting International...
The latest fintech opportunity may be in international tourism.
With millions more people traveling internationally every year, heavyweight investors...
Millennial Customers Are The Real Target of Visa’s $5.3 Billion Plaid...
Visa wants to be everywhere that millennials want to be, and is spending big bucks to land those young, future customers.
U.K. Banks, Insurers to Face Stress Tests on How They Would...
U.K. banks and insurers will have to show how they plan to respond to the harmful effects of climate change under new...
Peter Thiel-Backed VC firm Invests in Mexican Neobank Albo as Demand...
Mexican challenger bank Albo nabbed an investment from Paypal co-founder Peter Thiel, in the latest indication that the government’s push for financial...
Bank of America Looks to Offer Broader, More Sustainable Portfolios to...
You may not immediately utter social impact and Bank of America in the same breath, but the giant lender kicked off its...
How This Fintech Startup is Advancing Conscious Consumerism with Transparency
This piece is brought to you in partnership with the Conduit Connect.
With tangible spending data, the statement “vote...
Google Said to be Eyeing Move Into Banking Despite Antitrust Probes
Google, as if daring the U.S. government to break it up, is eyeing another massive section of the U.S. economy for a...
HSBC, RBS Plan Digital Platforms to Compete with Fintechs
Key Takeaway: Large banks in the U.K. recognize the impact of digital...
SoftBank Curbs Excesses of Startup Founders After WeWork Debacle
SoftBank tightened the reins to curb the excesses of startup founders after the spectacular, multi-billion dollar failure of WeWork forced the tech...
Dire Warning: Investments Ignoring Changing Climate Can “Go to Zero Quickly,”...
Climate change is a risk not only to the planet -- it also threatens to blow up portfolios.
That’s...
Tech Titans Bet $120 Million on Israel’s First Digital Bank
Key Takeaway: Israel’s traditional banks are lagging behind fintech startups. Can two...
Carlyle Group’s Big Bets on Energy, Technology Help Propel Third-Quarter Profit
Private equity giant Carlyle Group completed a blockbuster majority stake acquisition in the energy sector and invested in a promising artificial intelligence...
Barclays Launches Impact Banking Unit as Investors Demand More Than Market-Beating...
British financial services giant Barclays has joined a host of global banking rivals ramping up efforts to find companies that will generate...
Europe’s Development Bank Punts Fossil Fuel Choice Amid Wider Climate vs....
The European Union wants to lead the world in fighting climate change, but its massive and influential investment bank, which funds energy...
World’s Biggest Banks Slowly Embracing Climate Initiative Championed by Carney, Bloomberg
Wells Fargo, Commerzbank and UniCredit are among the world’s biggest banks yet to sign on to a climate change initiative championed by...
Citi’s New Sustainability Chief to Lead Low-Carbon Transition, As Banks Push...
Citigroup, ready to meet a ten-year $100 billion sustainability goal four years ahead of schedule, named the executive in charge of the...
U.K.’s Revolut Halts Effort to Expand Digital Bank into Luxembourg
British digital bank Revolut withdrew its application for an e-banking license in Luxembourg, after a member of the country’s parliament questioned whether...
Russia’s Fintech Booms As Smartphone-Savvy Grandmas Go Cashless
Russians are increasingly using mobile wallets to pay for groceries and bills as cashless technologies disrupt the financial services industry, extending their...
Israel’s First Bank in Decades Looks to Help Low-Income Families
Israel’s first new bank in 47 years will be making interest-free and low-interest loans, continuing the social impact tradition of its successor...
Facebook’s Marcus Defends Libra’s Financial Inclusivity
This week, David Marcus, Facebook’s vice president of messaging products, addressed one of the prominent criticisms of the global electronic currency since...
OakNorth, U.K.’s Most Valuable Fintech, Is Lining Up Bank Deals
OakNorth, backed by SoftBank, inked a five-year deal with Dutch bank NIBC, as traditional lenders are eager to team up with innovative...
What Is Driving J.P. Morgan’s Global Fintech Ambitions
If J.P. Morgan Chase & Co.’s latest moves around the world are any indication, the world’s sixth-largest bank is getting anxious and...
After a Series of Disasters, Facebook Wants to Make Things Right...
Following a series of privacy and misinformation scandals and increasing regulatory probes, Facebook is keen to improve its image as a force...
The Promise and Risk of Bank-Backed Digital Coins
On Our Radar: Deals we are paying attention to, for their impact on industry.
Mitsubishi UFJ Financial Group Inc. (MUFJ), Japan’s largest bank, will roll...
Artificial Intelligence Lending Startup Upstart Network Raises $50M, Partners with Banks
On Our Radar: Deals we are paying attention to for their impact on industry.
Upstart Network, an artificial intelligence (AI) lending platform founded by ex-Googlers,...
Report: Italy’s UniCredit Preparing Bid for Commerzbank
On Our Radar: Deals we are paying attention to for their impact on industry.
Foot-dragging to the altar has plagued many a wedding, especially when...