#deposits Tech News.
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The latest deposits news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks deposits across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
StartupsPYMNTSabout 14 hours ago
As Credit Tightens, FinTechs Look to Deposits for GrowthFinTechs including SoFi, Nubank, LendingClub, Revolut, Varo, and Klarna are using high-yield savings accounts to attract deposits as a cheaper, more stable funding source for lending. The strategy reduces reliance on wholesale financing but risks margin pressure from above-market yields and less loyal rate-chasing depositors.
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