Posts filtered by tags: Fintech[x]


 

Stripe announces embedded business banking service Stripe Treasury

Fintech startup Stripe has announced an ambitious new product today called Stripe Treasury. The company is partnering with banks to offer a banking-as-a-service API. In other words, Stripe clients will be able to provide bank accounts to their customers — the service is invite-only for now. This is part of a bigger trend called embedded finance. Essentially, instead of separating banking services from other services that you use, embedded finance products provide financial services as close a...
Tags: Startups, Finance, Tech, Goldman Sachs, Citibank, Stripe, Fintech, Shopify, Evolve Bank, Shopify Balance, Stripe Treasury, Stripe Treasury for Shopify Balance If a Shopify, U S Eventually Stripe, Barclays Stripe


Dealmaking on a hot streak — Fintech-as-a-service — DoorDash's IPO paperwork looks off

Traders and company executives gather for the Uber Technologies Inc. IPO on the trading floor of the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. Brendan McDermid/Reuters Almost the weekend!The timeline for a coronavirus vaccine is speeding up considerably, with a new outline for the US government's Operation Warp Speed released on Wednesday.Meanwhile, financial dealmaking remains at a fever pitch. Macquarie Group's asset management arm announced plans to acquire Waddell ...
Tags: New York, US, Trends, Opec, SEC, Nice, Nasdaq, Fintech, David Boies, Los Angeles Times, Erika Girardi, Macquarie Group, New York Stock Exchange NYSE, Morgan Asset Management, Alex Morrell, JPMorgan Asset Management


Revolut launches early salary feature in the UK and web app

Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users — not just business users. Second, in the U.K., Revolut has partnered with Modulr to let you receive your salary a day early. Revolut has historically focused its efforts on its mobile app. If you have a business account with Revolut, you know that you can see your past transactions and access your account from a regular web browser. But the company’s 13 million customers co...
Tags: Startups, Europe, UK, Finance, Tech, Fintech, Revolut, Challenger Bank, Modulr, U K Revolut


Longtime investor and operator Adam Nash says he just launched a new fintech startup

Adam Nash, a Silicon Valley-born-and-bred operator and investor, is back at it again. Today, on his personal blog, he announced that he has started a consumer fintech company that has already garnered initial funding from Ribbit Capital, along with other “friends and angels” who appear to have also pitched into the round, including Box CEO Aaron Levie, Mighty Networks founder Gina Bianchini, Superhuman founder Rahul Vohra, and Amy Chang, who sold her startup Accompany to Cisco in 2018. Nash d...
Tags: Apple, TC, Twitter, Europe, John Sculley, Ebay, Stanford, Boston, San Francisco, Linkedin, Tech, Cisco, Nasa, Venture Capital, Silicon Valley, North America


Floww raises $6.7M for its data-driven marketplace matching founders with investors, based on merit

Floww – a data-driven marketplace designed to allow founders to pitch investors, with the whole investment relationship managed online – says it has raised $6.7M / £5M to date in Seed funding from angels and family offices. Investors include Ramon Mendes De Leon, Duncan Simpson Craib, Angus Davidson, Stephane Delacote and Pip Baker (Google’s Head of Fintech UK) and multiple Family Offices. The cash will be used to build out the platform designed to give startups access to over 500+ VCs, acceler...
Tags: TC, Europe, Business, London, Entrepreneurship, Massachusetts, Tech, Ceo, Companies, Private Equity, Mayfair, Fintech, Head, CRM, Cto, Startup Company


Yes Bank plans to pick up stake in NUE applicant So Hum

Yes Bank Ltd is in discussions to acquire a 9.99% equity stake in So Hum Bharat Digital Payments Pvt Ltd, a payments industry-led entity which will apply for a license from the Reserve Bank of India (RBI) to operate as a New Umbrella Entity (NUE) for retail payments, according to a press statement. So Hum, which is led by Navin Surya, Chairman Emeritus of Payments Council of India and Chairman of Fintech Convergence Council, is one of the first entities to be set up specifically for the NUE lice...
Tags: Travel, News, Bank, Fintech, Reserve Bank of India RBI, Reserve Bank of India, Tata Group, Digital Payments, Medianama, Surya, National Payments Corporation of India, Bank Ltd, National Payments Corporation of India NPCI, Payments Council of India, New Umbrella Entity, New Umbrella Entity NUE


Nordigen introduces free European open banking API

Latvian fintech startup Nordigen is switching to a freemium model thanks to a free open banking API. Open banking was supposed to democratize access to banking information, but the company believes banking aggregation APIs from Tink or Plaid are too expensive. Instead, Nordigen thinks it can provide a free API to access account information and paid services for analytics and insights services. Open banking is a broad term and means different things, from account aggregation to verifying accou...
Tags: Startups, Europe, Finance, Tech, Api, Fintech, Nordigen, Open Banking, PSD2, Rolands Mesters


7 Major Payment Trends that Will Shake Up Banking in the Year Ahead

COVID has squeezed traditional revenues and accelerated digital pay choices, forcing incumbents to modernize to stay competitive. The post 7 Major Payment Trends that Will Shake Up Banking in the Year Ahead appeared first on The Financial Brand.
Tags: Credit Cards, Finance, Customer Experience, Fintech, Debit Cards, P2p, Big Tech, Payments Strategies, Mobile Channel, Featured Content, Lending Strategies, POS finance


N26 launches mid-tier subscription plan for €4.90 per month

Challenger bank N26 is adding a third subscription product called N26 Smart. N26 Smart is designed to be a mid-tier subscription plan with advanced banking features but without a travel insurance package. In Europe, in addition to the free plan, N26 already provides two subscription tiers called N26 You and N26 Metal. N26 You costs €9.90 per month and comes with higher limits, such as five free ATM withdrawals instead of three and free withdrawals in foreign currencies. With an N26 You accoun...
Tags: Startups, Europe, Finance, Tech, Fintech, Challenger Bank, N26, N26 Metal, Neobank, N26 Smart


United States: 2020 NASAA Fintech And Cyber Security Symposium – A Download Of Key Comments - McGuireWoods LLP

On October 27, the North American Securities Administrators Association held its 2020 symposium on Fintech and Cybersecurity.
Tags: News, United States, Fintech, NASAa, McGuireWoods LLP


The world's largest wealth manager breaks down 4 sectors that will disrupt the technology industry and become major investment themes over the next decade

First Solar  UBS said that investors will benefit from buying fintech, healthtech, greentech, and 5G stocks as these 4 sectors will disrupt the technology industry and become the dominant investment themes throughout the next decade. These themes will dominate the market as last decade's leaders—technology and consumer discretionary—lag behind. UBS added that the coronavirus pandemic triggered a permanent shift towards telemedicine and contactless payments, two investment themes with upsid...
Tags: Japan, US, Trends, Investing, Markets, Renewable Energy, Eu, Ubs, Fintech, Green Energy, 2021, Healthcare Stocks, Stock Market Analysis, Long-Term Investing, Emily Graffeo, Investing advice


Payments Banks May Convert To Small Finance Lenders In Three Years: RBI Working Group

https://www.bloombergquint.com/business/payments-banks-may-convert-to-small-finance-lenders-in-three-years-rbi-working-group RBI recommends that payments banks looking to convert to small finance banks can apply to do so after three years or operations. “The RBI’s original licensing guidelines had required that payments banks must have a five year background in the payments space to be able to apply for a license. This means that these entities are not new entrants in the payments space and have...
Tags: Business, News, Fintech, RBI, R Gandhi, Paytm Payments Bank, RBI Working Group


#‏AbuDhabi's ADGM, Israeli Bank Hapoalim collaborate on FinTech development and innovation | ZAWYA MENA Edition

‏ Abu Dhabi's ADGM, Israeli Bank Hapoalim collaborate on FinTech development and innovation | ZAWYA MENA Edition Abu Dhabi Global Market, ADGM, and Bank Hapoalim have signed a Memorandum of Understanding, MoU, to jointly promote and develop financial technology (FinTech) innovation, ecosystems, and market opportunities that will support the digital transformation of the financial services landscape and connect the economies in the UAE and Israel.Founded almost 100 years ago, Bank Hapoalim is Isr...
Tags: Travel, Israel, Middle East, Abu Dhabi, Fintech, Uae, Rupert Neil Bumfrey, Bank Hapoalim, ADGM Israeli Bank Hapoalim, ADGM Registration Authority, ADGM Abu Dhabi


A top Goldman dealmaker is jumping ship — Affirm gears up for an IPO — Hedge fund pay

  Happy Saturday!Bankers have been plenty busy as they work on big tie-ups and look to get IPOs across the line before the end of the year.Here's a recap of some of the big news this week:PNC announced its planned purchase of BBVA US, the US-based arm of the Spanish lending giant BBVA, for $11.6 billion. Reed Alexander talked with insiders to learn more about how one of the biggest bank deals since the financial crisis came together. You can read the full story here. The buy now, pay later lende...
Tags: Google, Europe, Microsoft, US, Trends, Paypal, Getty Images, Michael Dell, Goldman Sachs, Seattle, Morgan Stanley, Max Levchin, Goldman, Fintech, ADP, Bbva


A fintech startup was rapped by the UK's financial watchdog

The UK's financial watchdog warned Wednesday fintech Lanistar wasn't authorized to operate. Lanistar claims its upcoming debit card is "the world's most secure card," and can link up to eight bank accounts. The Financial Conduct Authority (FCA) said Lanistar "is targeting people in the UK," and advised consumers to "be especially wary of dealing with this unauthorised firm." Lanistar rejected the FCA's statement, saying: "Legal and regulatory compliance are central to Lanistar's business." It w...
Tags: UK, Money, Instagram, Finance, Trends, Startup, Tech, Fca, Bank, Credit Card, Scam, Fintech, Mastercard, Debit Card, UK s Financial Conduct Authority FCA, The Financial Conduct Authority FCA


Fintech startup Lanistar was rapped by the UK's financial watchdog

Gurhan Kiziloz, founder and CEO of Lanistar Lanistar The UK's financial watchdog warned Wednesday fintech Lanistar wasn't authorised to operate. Lanistar is gearing up to launch the "world's most secure" bank card. The Financial Conduct Authority (FCA) said Lanistar "is targeting people in the UK," and advised consumers to "be especially wary of dealing with this unauthorised firm." Lanistar rejected the FCA's statement, saying: "Legal and regulatory compliance are central to Lanistar's bu...
Tags: UK, Money, Instagram, Finance, Trends, Startup, Tech, Fca, Bank, Credit Card, Scam, Fintech, Mastercard, Debit Card, Financial Conduct Authority FCA, UK s Financial Conduct Authority FCA


Pre-seed fintech firm Financial Venture Studio closes on debut fund to build on legacy of top investments

Fintech has come into its own the past few years. Once an area of investment widely derided and avoided by VCs due to its regulated nature and entrenched incumbents, fintech has now emerged as one of the most popular categories for investment, buttressed by multiple, multi-billion dollar exits in just the past year like Plaid, CreditKarma, and Galileo. Yet, building fintech apps and systems still requires a lot of finesse. There are those pesky regulations that make a cold start difficult for a ...
Tags: Finance, Tech, Dave, United States, Venture Capital, Fintech, Griffin, Silicon Valley Bank, Roger, Tom Brown, Tyler Griffin, FSL, Falvey, Center for Financial Services Innovation, Financial Venture Studio, Ryan Falvey


Affirm just made its IPO filing public, providing the first detailed look inside the breakout 'buy now, pay later' fintech startup's finances

Affirm CEO Max Levchin. Drew Angerer/Getty Images Affirm, a fintech startup that enables consumers to pay for online purchases as they go, publicly revealed its initial public offering documents on Wednesday. The company reported a net annual loss of $125.8 million for its latest fiscal year, which ended in June, down 6% from 2019 — while its annual revenue nearly doubled year-over-year to $509.5 million. Affirm, founded and headed by PayPal alum Max Levchin, confidentially filed to go pub...
Tags: Finance, Ipo, Trends, Markets, Adidas, Paypal, Barclays, Max Levchin, Wall Street Journal, Fintech, Affirm, Business Insider, Levchin, Peloton, Tech Insider, Brooklinen


Affirm files to go public

Affirm, a consumer finance business founded by PayPal mafia member Max Levchin, filed to go public this afternoon. The company’s financial results show that Affirm, which doles out personalized loans on an installment basis to consumers at the point of sale, has an enticing combination of rapidly expanding revenues and slimming losses. Growth and a path to profitability has been a winning duo in 2020 as a number of unicorns with similar metrics have seen strong pricing in their debuts, and wi...
Tags: Fundings & Exits, Startups, Ipo, San Francisco, Tech, Paypal, Airbnb, Public, Max Levchin, S-1, Fintech, Affirm, Peloton, GMV


What China’s fintech market can teach the world

If you want to know what the future of finance looks like, head east, where it’s already been laid down in China. Digital payments through mobile phones are ubiquitous, and there is incredible innovation around lending, investments and digital currencies that are at the vanguard of global financial innovation. Take the cover photo of this article: At Alibaba, facial recognition software identifies customers at the employee cafeteria, while visual AI identifies foods on their tray and calculates ...
Tags: Apps, Asia, Finance, Government, China, Tech, Alibaba, Tencent, Alipay, Baidu, Fintech, Peterson Institute for International Economics, WeChat Pay, Martin Chorzempa, Ant Group, China Digital


#Israel, #AbuDhabi markets regulators agree to cooperate on FinTech | Reuters

Israel, Abu Dhabi markets regulators agree to cooperate on FinTech | Reuters The securities regulators of Israel and Abu Dhabi said on Wednesday they would cooperate in innovation and financial technologies, the latest collaboration after Israel and the United Arab Emirates agreed to normalise relations in September.Under the memorandum of understanding, the Israel Securities Authority (ISA) and Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) said they would undertake...
Tags: Travel, Israel, United Arab Emirates, Abu Dhabi, Fintech, Reuters, Rupert Neil Bumfrey, Israel Securities Authority ISA, Israel Abu Dhabi


Stock Trading App Robinhood May Hold an IPO in Just a Few Months

Stock trading app Robinhood is seeking financial advisers to help it go public as soon as the spring of 2021, Bloomberg reported on Tuesday.Read more...
Tags: Apps, Science, Technology, Finance, Wall Street, Bloomberg, Stocks, Stock Market, Robinhood, Fintech, Late Capitalism, Stonks


Credit cards add new source of revenue for payment apps

Several of the top payment companies have launched virtual and physical credit card products in the last few months in a bid to grab a bigger share of their consumers’ spending. While payment companies are not authorised to lend credit on their balance-sheets, they are slowly entering the credit market with co-branded credit cards and partnerships with banks and non-bank lenders. Earlier this month, Paytm announced a co-branded credit card partnership with SBI Cards and Payments Services. MobiKw...
Tags: Travel, Google, Credit Cards, News, India, American Express, Citibank, Fintech, Flipkart, UPI, Grant Thornton, Axis Bank, Iyer, Taku, Digital Payments, Medianama


Mike Volpe of Lola.com: We Never Thought of Quitting, Even After Losing 97% of Revenue Due to COVID-19

I’ve known Mike Volpe for well over a decade, going back to his days as HubSpot’s first chief marketing officer. And I’ve spoken with him a few times over the years for the series, the last time being when he became the new CEO of Lola.com a little over two years ago. As a refresher, Lola.com is focused on making business travel easier for the travel manager and the traveler. Being that business, it’s not surprising that the pandemic has had a major negative impact on Lola. But even that would ...
Tags: Google, Facebook, Asia, New York, Interviews, Boston, US, Sales, CMO, Italy, Fintech, HubSpot, Lola, Nps, Netsuite, Mike


Fintech VC keeps getting later, larger and more expensive

The venture capital market appears to be getting later, larger and more expensive. As a result, fintech — one of its hottest and most-funded sectors — is evolving in a similar manner. For late-stage fintech companies, it’s great news. But for smaller players, is the shift towards bigger, more mature rounds undercutting their ability to attract capital and reach scale? The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter ever...
Tags: Fundings & Exits, Startups, Europe, Finance, US, Tech, United States, North America, Fintech, PitchBook, The Exchange


Are subscription services the future of fintech?

Joshira Maduro Contributor Joshira Maduro joined the LendingTree team in April 2020 and uses her background in market research and branding to write about credit card news and better ways to spend. Subscription services are on the rise. During the pandemic, Americans have been spending more time at home and more money on the digital products that make navigating our new normal easier. More than ever, Americans’ lives are aided by companies like Netflix, Instacar...
Tags: Amazon, Startups, TC, Ecommerce, Column, Hbo, Finance, Disney, Tech, Patents, Financial Services, Fintech, Subscription Services, Lendingtree, Financial Technology, Leimer


PayPal says all users in US can now buy, hold and sell cryptocurrencies

PayPal announced today it’s dropping the waitlist to buy, hold and sell cryptocurrency in the U.S. With the move, all customers in the U.S. will be able to purchase cryptocurrency directly from within their PayPal accounts. U.S. customers will also be alerted to the new feature through both an email and a push notification in the coming days, the company says. The feature was already partially available in the U.S. before today, but PayPal had been onboarding interested customers via a waitli...
Tags: TC, Money, US, Tech, Paypal, Bitcoin, Payments, Cryptocurrencies, Ethereum, Fintech, Cryptocurrency, Paxos


The RBI hints at working on a framework for regulating fintechs

In the last five years, fintech companies in India have improved access to financial services by solving several bottlenecks that existed within the Indian banking system. However, this rise of fintechs has been accompanied with concerns surrounding the implications on financial stability as well as data privacy and security, all of which require regulatory guidance and oversight. The Reserve Bank of India (RBI) on its part has been regulating the fintech space either through the Department of ...
Tags: Travel, News, India, Regulation, Fintech, Reserve Bank of India RBI, RBI, Reserve Bank of India, ASSOCHAM, NBFC, NBFCs, Shaktikanta Das, National Payments Corporation of India, Fintechs, Department of Payment and Settlement Systems, Board for Financial Supervision However


Understanding Africa’s $180 billion internet economy future

Genetic scientists study human DNA to better understand medical conditions and how to treat diseases. But their research is often based on samples that don’t actually reflect the world’s population. Around 80 percent of the human DNA used in genetic studies is from people of European descent. This means that researchers are often unable to study and address conditions that affect global ethnicities. In January 2019, Abasi Ene-Obong, a young tech engineer from Nigeria, founded 54gene with the aim...
Tags: Google, Nigeria, Africa, Egypt, Ifc, Ethiopia, Tunisia, Fintech, Young, Visa, Lagos, Sub Saharan Africa, Interswitch, International Finance Corporation IFC, Google in Africa, Abasi Ene Obong


This fintech startup raised $7 million in the middle of a pandemic. CEO Raja Palaniappan shares how it's tackling the last digital frontier in banking

Raja Palaniappan, CEO and cofounder of Origin Markets Origin Origin Markets, a digital finance startup based in London, just closed a Series A round with Deutsche Börse and the Luxembourg Stock Exchange as primary investors. CEO and cofounder, Raja Palaniappan, sat down with Business Insider and gave us his thoughts on how the coronavirus pandemic has forced digital transformation in outdated trading processes and his outlook on the industry compared to the financial crisis i...
Tags: Europe, London, Microsoft, China, Trends, United States, Fintech, Robert Taylor, Western Europe, Lehman, Lehman Brothers, Us Federal Reserve, DLT, Palaniappan, Portia Crowe, Luxembourg Stock Exchange