We’ve been obsessed with new fintech products since before the term was invented. This constantly updated article tracks the biggest and most important new products released worldwide by financial technology companies, along with banks, credit unions, investment advisors, insurance companies, credit card issuers and payment providers. We’ll also link to important demos, podcasts and YouTube videos. And since we can’t resist a good metric, vanity or otherwise, we’ll include customer, dollar or other significant milestones. However, we’ll refrain from listing funding rounds since they are covered widely online.

February 2024

  • 20 Feb: Bellwether Community CU launches comprehensive cashback program | Press release | USA | PrizeoutPrizeout launched CashBack+, a suite of cash-back products for credit unions. This initiative enables members to earn instant cash back from purchases, enhancing non-interest income for credit unions by up to 3% per transaction. The program integrates seamlessly with credit unions’ systems, offers cash back from over 450 national and thousands of local brands, and serves as a risk-free customer acquisition tool for brands. It’s aimed at helping credit unions compete with larger banks and benefit their members financially. It is in production at Bellwether Community Credit Union.

 

  • 20 Feb: PostFinance launches crypto exchange | FintechNews  | Crypto | Consumer | SwitzerlandPostFinance is launching a new cryptocurrency service on 21 Feb 2024, allowing customers to buy and securely store 11 types of cryptocurrencies and set up crypto savings plans. This initiative, a first for a systemically important bank in Switzerland, aims to democratize the crypto market with user-friendly, transparent offerings and a low entry threshold of 50 USD. It represents a significant milestone for PostFinance and its partnership with the FINMA-regulated crypto bank, Sygnum.
Summary Company Date Product Sector Source Market/HQ
PostFinance launches crypto exchange PostFinance 20 Feb Crypto Consumer FintechNews Switzerland
Garanti BBVA about to launch card with built-in fingerprint reader Garanti BBVA 19 Feb Cards All The Paypers
Perenna launches interest-only mortgage geared at retireess Perenna 17 Feb Mortgage Consumer The Fintech Times UK
Revolut testing a low-fee crypto exchange with select customers Revolut 16 Feb Crypto Consumer Coindesk
Google Lab’s “Talk to a live representative” could be a valued feature for digital banking customers Google 15 Feb All All 9to5Google All
Subscribed.fyi is a new company helping SMBs track their SaaS subscriptions Subscribed.fyi 14 Feb Spend SMB ProductHunt
India’s Federal Bank introduces savings account packaged with a insurance, wellness benefits, eco-card and more Federal Bank 14 Feb 2024 Savings Consumer Mint India
13 Feb Security All Fintech Business Weekly All
Update on Dutch SMB challenger Finom which has raised nearly $100M in the past 2 years Finom 12 Feb Banking SMB Techcrunch Europe
Neon Money Club launches dating app for members with good credit Neon Money Club 12 Feb Credit Consumer Techcrunch USA
One Zero Bank rolls out AI21-powered AI assistant Ai21 12 Feb Service All Company Israel
Bankwell Bank testing AI co-pllot for SMB customers seeking loans Bankwell Bank 8 Feb Credit SMB
ABSA Bank launches WhatApp chat-based banking, which does not require a bank account ABSA 8 Feb Banking Unbanked Techpoint Africa South Africa
HSBC launches Zing, an FX/remittance service to take on Wise and others HSBC 6 Feb Remittances Consumer Bloomberg UK
Suma Wealth hits 1 million users Suma Wealth 6 Feb PFM Consumer Techcrunch USA
WiseAlpha launches white label solution for investing in fractional bonds WiseAlpha 2 Feb Investing Consumer FT
Finvest launches Treasury Bills investing service Finvest 31 Jan 2024 Investing Consumer Techcrunch
Apple Card reports 12 million users Apple 30 Jan 2024 Credit cards Consumer MacRumors Worldwide
Upgrade grows to 5 million customers after aquistion of Uplift Upgrade 30 Jan 2024 Lending Consumer American Banker USA
Klarna launches subscription service at $7.99/mo Klarna 24 Jan 2024 BNPL Consumer CNBC
Bilt Rewards doubles valuation to $3.1B Bilt Rewards 24 Jan 2024 Credit cards Consumer Techcrunch USA
Klarna is first BNPL serices with subscription ($7.99/mo) Klarna 24 Jan 2024 BNPL Consumer Techcrunch
American Express rolls out small business checking nationwide American Express 24 Jan 2024 Checking SMB Tearsheet
Tandem launches couples personal finance app Tandem 17 Jan 2024 PFM Consumer Techcrunch USA
Citi adds browser extension for shopping discounts powered by Wildfire Citibank 17 Jan 2024 Credit cards Consumer Finextra USA
CFPB wants to limit banking’s cash cow, capping NSF/OD fees from $3 to $14 17 Jan 2024 Checking All
N26 launches ETF trading N26 17 Jan 2024 Investing Consumer Techcrunch Germany
Varo adds free tax filing Varo 17 Jan 2024 Banking Consumer American Banker USA
Insurtech Zego launches insurance line covering non-delivery business vans Zego 17 Jan 2024 Insurance SMB Altfi UK
Current launches in-app tax filing powered by Column Tax Current 16 Jan 2024 Tax prep Consumer Company

Source: FintechLabs, 20 Feb 2024


2024 featured launches:

20 Feb 2024
Bellwether Community Credit Union | Prizeout | Rewards | USA

Prizeout launched CashBack+, a suite of cash-back products for credit unions. This initiative enables members to earn instant cash back from purchases, enhancing non-interest income for credit unions by up to 3% per transaction. The program integrates seamlessly with credit unions’ systems, offers cash back from over 450 national and thousands of local brands, and serves as a risk-free customer acquisition tool for brands. It’s aimed at helping credit unions compete with larger banks and benefit their members financially. It is in production at Bellwether Community Credit Union. Press release is here.

20 Feb 2024
PostFinance | Sygnum | Crypto | Switzerland

PostFinance is launching a new cryptocurrency service on 21 Feb 2024, allowing customers to buy and securely store 11 types of cryptocurrencies and set up crypto savings plans. This initiative, a first for a systemically important bank in Switzerland, aims to democratize the crypto market with user-friendly, transparent offerings and a low entry threshold of 50 USD. It represents a significant milestone for PostFinance and its partnership with the FINMA-regulated crypto bank, Sygnum. Read the full article here.

 

17 Jan 2024
Tandem | PFM | Spend Management

Tandem is a fintech app for couples to jointly and individually manage finances, addressing financial co-management without requiring joint accounts. Launched in August 2023, it offers financial planning, saving, and spending tools to automate and streamline financial tasks for partners. The app has seen significant engagement and investment, highlighting a demand for financial solutions for contemporary relationships.
Full article here.