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The Future of Banking Is … You’re Broke

The Future of Banking Is … You’re Broke

The latest wave of tech-based financial start-ups have a new angle on the banking sector: They’ll assume that everyone is out of money, then try to monetize their broke-ness.So-called neo-banks, or challenger banks, have been all the rage in Europe and Australia for the last few years. Now they’re starting to get attention here in…
Microsoft is banking Cortana’s success on the idea of a multi-assistant world – VentureBeat

Microsoft is banking Cortana’s success on the idea of a multi-assistant world – VentureBeat

In the competitive landscape of virtual assistants, Cortana has struggled to find its place. It lags behind competitors like Google Assistant, Alexa, and Siri in the delivery of satisfactory responses to questions, and with no smart speaker or mobile operating system, it lacks native access to two of the most common devices people use to speak…
TrueLayer, the open banking API provider, discloses investment and partnership with Visa

TrueLayer, the open banking API provider, discloses investment and partnership with Visa

TrueLayer, the London startup that’s built a developer API platform for fintechs and other adjacent companies to utilise open banking, has agreed a strategic and commercial relationship with Visa. The partnership sees Visa also take a minority stake in TrueLayer as part of the company’s $35 million Series C funding announced in June. The round…
Mobile banking app Current raises $20M Series B, tops half a million users

Mobile banking app Current raises $20M Series B, tops half a million users

Mobile banking app Current, which began as a teen debit card controlled by parents, expanded to offer personal checking accounts earlier this year. Now the company says it has grown to host over 500,000 accounts on its service and has closed on $20 million in Series B funding to further its growth. The round included…
Upstart banking company Dave is now worth $1 billion, as Norwest puts in $50 million

Upstart banking company Dave is now worth $1 billion, as Norwest puts in $50...

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. The company used its overdraft protection service and money management display to shift customers’…
European banking app Monese partners with deposits marketplace Raisin

European banking app Monese partners with deposits marketplace Raisin

Monese, the European banking app aimed at customers with a ‘thin’ credit file or those who have moved country, is launching “Monese Savings” in partnership with fintech Raisin. The new feature sees Monese customers gain access to Raisin’s cross-border deposits marketplace so that they can shop around for a competitive interest rate via the various…

The Risk of Weak Online Banking Passwords

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. This story is about how crooks increasingly are abusing third-party financial aggregation services like Mint, Plaid, Yodlee, YNAB and others to…
Banking startup N26 raises another $170 million at $3.5 billion valuation

Banking startup N26 raises another $170 million at $3.5 billion valuation

Fintech startup N26 is raising $170 million a few months after raising $300 million. While it’s technically structured as a new round, the company considers today’s new funding as an extension of the Series D round. N26 has only reached out to existing investors. All the investors in the Series D round are investing again,…

The British Banking Dynasty That’s Even Older Than the Rothschilds

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Best Sonos speakers starting at $100 – CNET

Sonos was already fairly robust, with features such as Amazon Alexa and Google Assistant, Apple AirPlay 2 and support for the biggest number of music-streaming services, including apps like Spotify. But with the release of Ikea's Symfonisk speakers, the number of products that include Sonos music streaming onboard has meant the system is more diverse than ever. But as the number of Sonos…

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