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 ETF Hits 52-Week High

The Global X FinTech Thematic ETF (FINX) has rallied more than 32% over the last 12 months. Shares have climbed from a 52-week low of $24.49 per share to $32.40 this week. The fund aims to replicate the performance of the Indxx Global FinTech Thematic Index.

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FinTech: Ripple Targets SWIFT in Brazil
January 6, 2020

Ripple targets SWIFT in Brazil and wants to make inroads into Brazil’s remittances market.

Vanguard Joins the Crowd and Eliminates Trading Commissions
January 6, 2020

Vanguard ETF commissions and stock commissions don’t exist anymore. The firm has expanded its commission-free online trading for stocks and options to all Vanguard Brokerage clients.

Fintech: Deutsche Bank Teams Up in Spain to Launch “Motion Code” Card
January 2, 2020

The Motion Code Card has hit Spain. Deutsche Bank launched the innovative credit card this week in a partnership with industry leaders. The card contains an advanced CVC code that alters…

FinTech: Grab and Singtel in 60:40 JV to Launch a Digital Bank in Singapore
December 31, 2019

A ride-hailing service and leading telecom group will team up to launch a digital bank. Grab and Singtel have jointly bid for a digital full bank license to be issued…

FinTech: TransferWise Now Transfers $5.25 Billion Per Month
December 31, 2019

TransferWise Now Transfers $5.25 Billion Per Month. The upstart fintech claims it does so saving people and businesses $4.5 million per day. What’s more, the TransferWise customer community is now…

FinTech: ZestMoney, the Loan Startup for India’s Credit-challenged, Raises $20 Million
December 23, 2019

ZestMoney, the Loan Startup for India’s Credit-challenged, Raises $20 Million from Goldman Sachs and others

FinTech: As Investors Revolt, Fintech Lenders Get Picky on Borrower Quality
December 17, 2019

Easy lending to borrowers with sub-prime credit is winding down. Peer-to-peer lenders, or fintech lender platforms, are back-pedaling on their early promise to provide loans to people with sub-par credit…

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…