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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Fintech: M&A In the Fintech Space Will Heat Up

One of the clear winners, if there is such a thing of the current economic situation, will be fintech companies. And we can expect to see a wave of fintech M&A as a result. There was already a trend towards digital platforms in the financial services industry. Now it’s just accelerating. Even those who prefer a hands-on face-to-face meeting on financial matters are turning to online platforms. They have to do so. Many banks are only offering drive-through services. This means more complex transactions are moving online. Why Fintech M&A Will Heat Up The shift to increased digital use in financial services will also accelerate the fight between incumbent banks, brokerages, and insurance companies to capture market share in a new digital marketplace. Underfunded startups will struggle. They lack the ability to spend billions of dollars a year like their larger financial counterparts. The smaller firms will also need to find funding sources to survive until economic activity begins to normalize. Fintech companies also have to be very careful about execution risk right now. Consider Robinhood, the online brokerage firm. Their system failed as markets became disrupted by the spread of the coronavirus virus in the United States. The future…

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Fintech: M&A In the Fintech Space Will Heat Up
April 3, 2020

One of the clear winners, if there is such a thing of the current economic situation, will be fintech companies. And we can expect to see a wave of fintech…

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Digital Assets: Revolut Opens Up Crypto Trading To All Users; Cites 2008 GFC
April 3, 2020

Revolut is now opening up crypto trading to all 10 million of its users. The facility was previously available only to its Premium and Metals classified customers. Standard users may…

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FinTech: Small Businesses Left High and Dry as Lending Platform Kabbage Switches off Loans
April 3, 2020

Some small business customers of Kabbage received an unpleasant surprise this past week when they found their credit line had been abruptly cut to zero. “This is very bad business…

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FinTech: Kyash Closes $45M Series C Funding
April 2, 2020

Kyash, a Japanese fintech startup aspiring to be a leading challenger bank, gained $45 million in a Series C funding. The round was co-led by Greenspring Associates and Goodwater Capital,…

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FinTech: FinXact’s Core-as-a-Service Platform Will Power Digital Banker One
April 1, 2020

One is the new digital banking app launched by Bill Harris, the former CEO at PayPal and Intuit. It is a digital banking start-up that promises “One app. One card….

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FinTech: Amidst the Pandemic, Fintech Fast-becoming The New Normal, Says Study
March 31, 2020

The world is adapting to unforeseen lockdowns and social distancing by using more digital technology. As people spend more time indoors, the demand for online services is exploding. But, the…

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FinTech: Moven Moves On; As Funding Woes Bite, It’s Lights Out at the Consumer Bank
March 30, 2020

The coronavirus notches up digital challenger bank Movenbank as a casualty. Founder Brett King has pulled the plug on Moven nearly nine years after its launch in October 2011 as…

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FinTech: Grandmother-inspired Quick Checkout Startup Fast Adds $20M In Series A
March 27, 2020

Fast announced Thursday its Series A funding round worth $ 20 million. The round was led by Stripe though existing investors Index Ventures and Susa Ventures also chipped in. Fast…

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FinTech: FinFit Makes Its Financial Wellness Platform Free for Employers
March 26, 2020

Fintech platform FinFit previously reached out to members suffering temporary or permanent unemployment by extending financial wellness resources and support. The U.S.-based firm, which provides over 150,000 employers with a…

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FinTech: Revolut Expands Across the Atlantic; Dismisses Corona Concerns
March 25, 2020

Digital “neobank” Revolut, the London-based fintech unicorn, is rolling out its app-based banking service in the U.S. The upstart bank, which commenced operations in 2015, has already amassed over 10…

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