FinTech

Digital payments alone could become a $100 trillion industry, according to PwC. And that’s just one component of the global Fintech industry. This channel tackles the lenders and buyers, the obstacles and achievements, and the trends and trend makers leading the ongoing technological evolution in global finance.

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Ant Financial Looks to Inject $1 Billion into Asian Tech Startups

Ant Financial has started raising $1 billion for a fund focused on Southeast Asia and India. The fintech arm of Alibaba is looking to expand its presence across the growing region.

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Ant Financial Looks to Inject $1 Billion into Asian Tech Startups
November 29, 2019

Ant Financial has started raising $1 billion for a fund focused on Southeast Asia and India. The fintech arm of Alibaba is looking to expand its presence across the growing…

Robinhood Drops Plans to Become A Bank; Withdraws Application
November 29, 2019

Robinhood, the pioneering zero commission stockbroker, has put banking ambitions on the backburner. Robinhood withdrew its bank charter application to launch a federally insured bank. It had filed an application…

London Stock Exchange and PrimaryBid To Democratize Public Equity Offerings
November 22, 2019

The London Stock Exchange (LSE) has tied-up with fintech PrimaryBid to give retail investors access to share offerings. PrimaryBid’s internet-based investment platform will allow retail investors to digitally access share…

Now, Advisors and Qualified Clients Get Access to PIMCO Alternative Strategies
November 22, 2019

iCapital Network, which connects advisors and their high net worth investors to leading alternative investment managers, ties up with PIMCO. iCapital Network said it will develop a customized technology platform…

Brazilian Digital Bank Neon Raises $94 Million To Triple Its Customer Base
November 21, 2019

Neon, a Brazilian digital bank, has raised US$94 million from top investors. The challenger bank has ambitious plans in a high-growth market. It will use the funds to triple the…

Blurring Lines of Distinction Between Banks and Fintechs
November 19, 2019

Fintechs and techs are trying more and more to masquerade as banks. Should banks take the battle into the fintech camp? Here’s an interesting viewpoint: Incumbent and traditional banks are…

Chinese Investors Pump In $120 Million Into Nigerian Fintech OPay
November 19, 2019

Chinese Investors Pump In $120 Million Into Nigerian Fintech OPay. Nigerian fintech OPay is an arm of Opera, which is based in Norway and majority-owned by Chinese. Opera founded OPay…

Weekend Conversation: Neocova Co-Founder and CEO Sultan Meghji
November 16, 2019

Five years ago, Neocova Co-Founder and CEO Sultan Meghji worked on an aid mission in Africa to improve financial services in Africa and other emerging markets. The primary goal was…

Bonanza of New Accounts at Charles Schwab After Zero-Commission Trading
November 14, 2019

Brokerage Charles Schwab added a solid 31% more accounts in October compared to September. Charles Schwab’s move last month to introduce commission-free trading has paid off in spades. Previously, it…

Bank-branded Checking Accounts Soon from Google
November 14, 2019

Google is partnering with Citigroup and the Stanford Federal Credit Union to offer checking accounts by next year. Checking accounts. That all-important banking bastion may fall as cashed-up, data-heavy, and…