Neobank

Dave Inc. (NASDAQ:DAVE) reported a strong fourth-quarter, with its AI-driven underwriting platform CashAI v5.5 powering a 50% year-over-year increase in ExtraCash originations and improving the 28-day past due rate to just 1.89%.  DAVE stock is moving. See the chart and price action here....

Tim Chen, Global Head of Strategy at Mantle (CRYPTO: MNT), addressed retail investors' concerns about fragmented liquidity and gas fee confusion in Layer 2 (L2) ecosystems, emphasizing their growing importance. In an interview with Benzinga, Chen likened L2s to retailers serving niche markets,...

Block Inc (NYSE:SQ) shares were trading lower after Morgan Stanley analyst James Faucette downgraded the stock from Equal-Weight to Underweight and lowered its price target from $62 to $60. Benchmark analyst Mark Palmer reiterated a Buy rating on Block while raising his price target to $99 from $89...

Revolut, the UK-based neobank that offers crypto trading as part of its financial app, may have its application for a banking license rejected by the Bank of England, according to a report in The Telegraph. The BOE has told the UK Treasury that it's planning to reject Revolut's application...

Dave Inc (NASDAQ: DAVE), the Los Angeles-based neobank targeting demographics ignored or charged excessive fees by bigger banks, just logged a 50% or so rise in revenues during the fourth quarter of 2022. Though the company’s fourth-quarter EPS came in negative and worse than expected, the...

Banks and credit unions face the same challenges every year. Some trends affect almost all financial institutions, including brick-and-mortar banks, unions, and even neobanks. Bancography provided its annual 52 pages banking industry analysis for 2022. Let’s summarize and analyze the trends...