Fintech Nexus Newsletter (June 7, 2024): US Bank and Greenlight team up for for teen bank accounts
Greenlight has been a leader in helping young children and teenagers develop financial skills. Its app is used today by more than six million parents and children.
While the company was traditionally focused on a direct-to-consumer model, it is increasingly developing partnerships with large banks to accelerate its growth.
Yesterday, we learned of another partnership, this time with a top-ten bank, U.S. Bank. The bank’s clients who have eligible accounts will receive complimentary access to Greenlight’s debit card and app.
Today’s kids have the opportunity to be more financially savvy than any generation before them. As the parent of two teenagers, I can say with confidence that apps like Greenlight help teach young kids sound financial habits.
My kids already know way more about managing than I did at their age and that is in large part because of these apps.
I applaud U.S. Bank for taking the initiative here and making this free for their customers. This is another example of fintech making a difference.
Featured
> U.S. Bank partners with Greenlight Financial Technology
U.S. Bank has partnered with Greenlight Financial Technology, a family fintech company that aims to help parents raise financially literate children.
From Fintech Nexus
> From CoDi to DiMo: Mexico’s second shot at growing digital payments
By David Feliba
DiMo turns one year in Mexico. With this new digital payments initiative, the central bank wants to move on from CoDi´s unsuccessful experience.
Podcast
Jane Larimer, President & CEO of Nacha, on operating the largest payments network
The largest payments network in the US is the ACH network. It is probably the most important fintech infrastructure ever…
Also Making News
- Global: Curve Appoints USA CEO, Board Member to Drive US Growth
Digital wallet provider Curve has appointed Nancy Yaffa as its USA CEO and Reeta K. Holmes as its new board member. These appointments come at a time when Curve, which is active in 31 markets across the United Kingdom and the European Economic Area (EEA), is looking to build its presence in the United States.
To sponsor our newsletters and reach 180,000 fintech enthusiasts with your message, contact us here.
