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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Does the Apple Card Like Women Less, or is it ‘black-box’ A.I.? DFS Investigating…
November 11, 2019

New York’s DFS, a financial regulator, will investigate whether the Apple Card differentiated between men and women over credit limits. Apple co-founder Steve Wozniak has accused the Apple Card of…

Banking Giant Banco Santander Snaps Up Control of Fintech Ebury To Focus on the Small Guys
November 7, 2019

Traditional bank Santander paid £350 million for 50.1% of payments fintech Ebury. Banco Santander’s focus on small businesses as new clientele led it to buy a controlling interest in Ebury….

Corporates and Banks Rejoice: Bottomline Launches Real Time Payments
October 30, 2019

Fintech firm Bottomline Technologies enhances its Digital Banking product with the addition of a Real-Time Payments module. Real-time payments are essential these days to a bank’s competitiveness, particularly in the…

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…

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…

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…

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…

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.”

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…

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…