fdic News of 09/22/20
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 ...
The Intersection Of Small Business, Tech And Our Financial System Is More Important Than Ever
Ann Marie Mehlum Contributor Share on Twitter Ann Marie Mehlum serves on several boards, including Summit Bank, and is a senior advisor at FS Vector, Fenway Summer’s advisory affiliate. ...
Recommendations For Fintech Startups Navigating The Procurement Process
Marc Gilman Contributor Share on Twitter Marc Gilman is general counsel and VP of compliance at Theta Lake. He is also an adjunct professor at Fordham University School of Law. More posts by ...
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 ...
Upstart Banking Company Dave Is Now Worth $1 Billion, As Norwest Puts In $50 Million
Two years after the Los Angeles-based fintech startup Dave launched with a suite of money management tools to save consumers from overdraft fees , the company is now worth $1 billion thanks to a nascent banking practice that had investors lining up. ...
Robinhood’S 3% Interest Checking & Savings May Not Be Properly Insured
Robinhood’s new high-interest, zero-fee checking and savings feature seems to be too good to be true. Users’ money may not be fully protected. The CEO of the Securities Investor Protection Corporation, a non-profit membership ...