Columbus, OH

Starling Bank chief executive Ann Boden has expressed her opinion on the future of bank branches. She said: “Over time, I think that’s probably going to become the post office or a shared branch network. “I think in future it’s very, very unlikely that each of the big...

Starling Bank CEO Ann Boden:“very, very unlikely” big banks will all have branches on the high street in the future

Flagstone, the UK’s leading cash deposit platform*, has more than doubled the size of its Assets under Administration (AUA) since January 2023. The fintech business’s AUA now stands at £13.5 billion having consistently increased by more than £1 billion per quarter in the last 18 months.

Fintech Savings Platform Flagstone Doubles Customer Assets in 18 Months

Unlike its competitors, Starling Bank has achieved break-even this October and expects to be monthly profitable from here onwards on an operating profit basis. Boden has already predicted this during August: “Despite the coronavirus emergency leading to a drop in interchange income for several weeks, card volumes are back to pre-lockdown levels. This, combined with our lending and growth in other parts of the business, has resulted in a significant increase in our annualised revenue run rate, which now stands at £80m. We remain on track to reach break-even by the end of 2020, hitting the target we set a year ago.”

Starling Bank moves into profit according to Anne Boden

California State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

The Politicians

Not your average digital wallet and not your average financial transaction, PayPal headquartered in California is solidifying its position as a leader in the payment processing industry with a fresh perspective on online transactions.

Let’s Talk About If California Residents Interested in PayPal, Should Fear Apple Business Threat

JPMorgan Chase is already hearing from US lawmakers after declaring it may soon impose unprecedented fees on its 80 million-plus customers. In a letter to the banking giant obtained by Fortune, Democratic Senators Elizabeth Warren and Chris Van Hollen blast the bank’s flirtations with fee hikes, including charges for basic checking accounts and services.

JPMorgan Chase’s Plan to Charge 80,000,000 Customers for Basic Checking Accounts and Services Is ‘Outrageous,’ Say US Senators in Blistering Response to Banking Giant

Digital banking has been on the rise in recent years, and for good reason. Challenger banks like N26 and bunq have been shaking things up in the industry with their convenient features, low fees, and easy-to-use apps. Traditional banks, on the other hand, have been struggling to keep up with...

Digital Disruption: Comparing N26 and bunq’s Current Accounts

The recent failure of one of the top banks in the tech industry, Silicon Valley Bank, has led to concerns about a broader financial crisis that could have far-reaching consequences. The US Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have taken extraordinary steps to prevent such a...

Silicon Valley Bank Depositors to Have Access to “All of Their Money” Following Government Intervention

PayPal (NASDAQ: PYPL) and UKG have launched a payroll integration to enable access to payroll funds. U.S. employees whose pay is processed through UKG Pro can “now sign up for a PayPal Balance account and set up PayPal Direct Deposit1 through their employer’s payroll portal, and payroll funds may be available up to two days ahead of time.”

PayPal and UKG Launch Payroll Integration to Enable Access to Payroll Funds

Virginia State

Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. On July 28, 2024, a TikTok video posted by Erica W., known as @tasteofmelanin on the platform, garnered significant attention after she exposed disturbing racist decorations in an Airbnb rental. The incident occurred in a rental property that Erica had booked, although the exact location remains unspecified. The video has since gone viral, prompting widespread concern and leading to the removal of the listing from Airbnb's platform.

Airbnb Listing Taken Down After Black Woman Finds Hanging Monkeys and Cotton Used As Decor

Federal prosecutors have seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares owned by the FTX founder, according to a court filing revealed on Friday. John Ray, who replaced Bankman-Fried as CEO to guide FTX’s restructuring, is attempting to rescue...

Federal Prosecutors Seize $700 Million in Assets Connected to Sam Bankman-Fried

As Starbucks navigates through turbulent times, former Amazon (AMZN) executive John Rossman is sounding the alarm on the coffee giant’s recent strategic missteps. Former Starbucks (SBUX) CEO Laxman Narasimhan “diluted Starbucks’ brand by joining the value meal wars instead of leaning into its premium attributes to create a greater sense of exclusivity,” Rossman, now a managing partner at business consulting firm Rossman Partners, told Quartz in an statement.

How Starbucks can win, according to a former Amazon executive

Fox Business

Stock investors celebrated the best week of the year even with twists and turns on inflation, a CEO shake-up at Starbucks and nonstop news from the 2024 race for the White House.

Walmart wins, Starbucks boots CEO and Trump and Harris duel on economy

In the fast-paced world of modern commerce, convenience is king. One technology that’s been leading the charge in simplifying our payment experiences is the digital wallet, also known as an e-wallet. These digital marvels have been gaining popularity worldwide, and it’s not hard to see why. They offer consumers...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

London is a hotbed for fintech startups, and the three companies that come up most frequently in conversations are Monzo, Revolut, and Starling Bank. These companies are considered the most successful in the London fintech space, but which one is the best for aspiring fintech employees?. This article offers an...

Revolut, Monzo and Starling: Who will you be joining in 2023?

South Carolina State

Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

Ben Walter, Chase Business Banking CEO, joins 'Squawk on the Street' to discuss how AI is impacting small businesses, the easiest AI onramp for small business, and more.

Chase Business Banking CEO: Small businesses don't yet know what to do with AI

PYMNTS

In the global view, small businesses aren’t so small. They represent 90% of all businesses and more than 50% of employment globally. And in emerging markets, they are contributing 40% of GDP. Those stats from the World Bank underscore the need for these smaller companies — the sole proprietorships,...

Visa’s Koenigsberg Says Small Businesses Are Ready to Embrace BNPL

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Twenty years after its 2004 IPO, Google is worth more than $2 trillion and is so expansive that the Department of Justice may be looking to split it up. Google’s IPO helped cement the reputation of Morgan Stanley banker Michael Grimes as “Wall Street’s Silicon Valley whisperer,” and he calls the offering “momentous.”

Google IPO banker tracks two-decade journey from Silicon Valley upstart to $2 trillion

The past few years have shown that digital banking platforms are more suited to meet the requirements of 21st-century consumers, rather than traditional physical branch locations. These Fintech trends are expected to continue developing during 2023, with many more users expected to turn to digital banking solutions to manage their...

Digital Banking Platforms Expecting Many More Users in 2023

NewsBreak

What’s Going On with Adyen: Stripe’s Rival Facing Structural Challenges

The world of digital payments has been a lucrative realm, with companies like Adyen and Stripe dominating the landscape as efficient middlemen between merchants, banks, and...

What’s Going On with Adyen: Stripe’s Rival Facing Structural Challenges

Comments / 0