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: Chime Readies to Instantly Pay $1,200 Stimulus Cheques

The digital challenger bank, the largest of its kind in the U.S., stands ready to pay out the stimulus cheques of $1,200 each. In a test run, it randomly chose 1,000 of its clients who met certain criteria with immediate access to $1,200 of spending power through SpotMe while they waited for their government stimulus payment. SpotMe is the firm’s free alternative to bank overdrafts.

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Fintechs Across The Asia Pacific Can Go Global Using The Visa-Marqeta Alliance
October 28, 2019

Visa and Marqeta have partnered to offer fintechs in Australia, Hong Kong, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam a new way to themselves internationally accepted. Fintechs…

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Now, Student Loan Refinance, in Minutes, on the Blockchain
October 28, 2019

Mike Cagney founded Figure Technologies uses the blockchain to process transactions on its lending platform. The use of the blockchain allows Figure to function paperless, and that helps to speed…

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SoftBank Group Pumps $655 Million into Greensill Capital
October 28, 2019

Greensill Capital has received a large capital injections from SoftBank Group’s Vision Fund. The tech-focused investment fund gave the eight-year-old financing firm an additional $655 million. Greensill plans to use…

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Square Launches Share Investments on its Cash App (Even as little as $1)
October 25, 2019

Square’s Cash App, aimed at the young and the hip, will allow investing in share fractions. The Square Cash App is a mobile payments app that allows people to transfer…

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PwC Fintech Report Reveals Differences Between FS and TMT Firms
October 24, 2019

PwC has a new report titled: “Crossing the lines: How fintech is propelling FS and TMT firms out of their lanes.”

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Revolut and Mastercard To Partner On US Debit Cards
October 23, 2019

Revolut, the digital challenger bank, and fintech unicorn have tied up with Mastercard for US debit cards. Mastercard will handle Revolut’s debit cards when they launch in the US sometime…

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Bank of America Joins the Zero-Commission Wars
October 21, 2019

Bank of America has joined the chorus of brokerages to slash commissions to zero through its Merrill Edge Self-Directed platform. The company said Monday that it will expand its zero-dollar to…

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Latin American Payments Processor EBANX Achieves Unicorn Status
October 17, 2019

Brazil-based fintech and payment processor EBANX is a newly-minted unicorn. EBANX, which enables transactions between global companies and Latin American commerce, received a “significant” investment from FTV Capital.

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US VC Funding and Fintech Deals Dip In Q3
October 17, 2019

US venture capital and fintech funding both declined in Q3 of 2019 compared to the previous quarter. According to a CB Insights MoneyTree report US VC capital funding declined 15%…

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Revolut Swings for the Fences; Plots $1.5B Fundraise
October 15, 2019

Revolut, the European challenger bank, prized fintech, and uber-hot unicorn, wants $1.5 billion. Revolut’s fundraise, if successful, would achieve two momentous feats: A company valuation of $5 – $10 billion,…

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