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Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
A new UK-based fintech, FROST, is set to launch on 4 May, according to a statement from the start-up. The firm’s app will allow users to open a digital e-money account and will offer features such as spend management tools to track spending and service switching options to compare and switch utilities, insurance, and mortgage providers. Frost will also enable foreign exchange and cross-border payments with transparent fees. In February, the fintech became the latest in a string of companies to join the Visa network, allowing it to issue debit cards to users.
JUST IN:
Evolve Bank & Trust and Bond Financial Technologies, Inc. are pushing the boundaries of embedded finance to bring innovation to companies that want to offer financial products to their customers. Together, Evolve and Bond enable entrepreneurs to build and launch innovative financial solutions at scale.
ALSO:
GoHenry, a neobanking fintech that offers prepaid cards for children aged 6-18, has said it is dumping plastic cards in favour of a biodegradable alternative.