News for Fintech Marketers

Aloha, Toaster Readers! 🤙

This week's edition is coming to you straight from a beach chair in Kauai. As you might guess, we're running on island time, so this issue is a little lighter than usual.

You'll also notice it's primarily text-only. The ocean was calling, and honestly, it was a much better offer than photo editing.

We're taking next week off to fully recharge (at least for our news edition), but we'll be back in your inbox the week of August 18th with lots to share.

Now, let's dive in!

(Toaster Podcast) E029 - Income Verification, With Kirill Klokov, CEO at Truv

We asked Truv CEO Kirill Klokov how to master income verification, from choosing a provider to reducing borrower drop-off. He also explains why payroll data is key to fighting AI fraud and how new "pay-when-it-closes" models benefit lenders.

(Cards) Citi Launches the Citi Strata Elite Credit Card / Citi Charges $595 for ‘Strata Elite’ Credit Card to Rival Amex, Chase Citigroup has introduced the Citi Strata Elite, a new premium credit card aimed at competing with high-end offerings from American Express and JPMorgan Chase, carrying a $595 annual fee. The card offers substantial rewards, including 12x points on certain Citi Travel bookings and 6x points on air travel and weekend dining. It also features over $700 in potential annual credits for hotels, specific "splurge" brands like Best Buy and Live Nation, and Blacklane chauffeur services, alongside American Airlines lounge passes. [Citigroup.com] [Bloomberg]

(Partnerships) JPMorgan Chase and Apple Near Deal on Credit Card Partnership JPMorgan Chase is reportedly close to finalizing an agreement to become the new issuing partner for the Apple Card, taking over the portfolio from Goldman Sachs. Negotiations, which began earlier this year after Goldman sought to exit the partnership due to losses, have accelerated recently. [The Wall Street Journal]