Walmart, a US-based retailer, has expanded its existing relationship with financial services provider Green Dot to create an accelerator for the intersection of retail and consumer financial services.
The accelerator, Tailfin Labs, will help startups develop products built on top of Green Dot’s banking-as-a-service (BaaS) platform.
Steve Streit, founder and CEO of Green Dot, said: “The combination of Walmart’s unmatched retail ecosystem with Green Dot’s innovative and highly flexible BaaS platform, which enables the world’s largest technology and consumer brands to address their consumers with bespoke financial products and services, has the opportunity to create and bring to market many new and exciting innovations over the years to come.”
