Cushion wants to negotiate bank service fees on your behalf thumbnail

Cushion wants to negotiate bank service fees on your behalf

Out-of-network ATM fees. Monthly service fees. Card replacement fees. Foreign exchange fees. Wire transfer fees. Overdraft fees. Check fees. Fees, fees, fees, fees, fees. Oh and interest, of course. Banking used to be built on a simple economic premise: tuck money away from customers into deposit accounts that pay interest, and then lend that money…

T-Mobile's Next Big Move Is... a Checking Account? thumbnail

T-Mobile’s Next Big Move Is… a Checking Account?

I appreciate how clearly the Money app labels how much interested you are earning. Photo: Sam Rutherford (Gizmodo)While it’s not quite a pivot, it seems more and more tech companies are straying out of their lane and into the finance world. T-Mobile has decided to join the collection of startups and legacy tech players that…

Singapore is exploring virtual banking licenses thumbnail

Singapore is exploring virtual banking licenses

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. The Monetary Authority of Singapore (MAS) is evaluating whether it should allow fintech companies to operate in the city under a virtual banking license, according to the…