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: Fundbox Hires Former Goldman Sachs Investment Banker as CFO

Fundbox, the fintech startup that finances SMEs, is planning a potential IPO. Fundbox has appointed Marten Abrahamsen as its CFO effective this January. Abrahamsen was previously a partner at The Chernin Group LLC, a Los-Angeles-based investment firm. Before that, he managed Coatue Management LLC’s investments in Grab Holdings Inc. and Jet.com Inc., an online retailer. He also worked as an investment banker at Goldman Sachs

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Swiss Private Bank Launches Digital Asset Services Including for Bitcoin And Ethereum
September 19, 2019

Arab Bank Switzerland, a leading Swiss private bank, will provide custody and brokerage services for Bitcoin and Ethereum. The bank will target high net worth clients for the services. It…

Research: High net worth millennials will dump banks and take to fintechs
September 16, 2019

Pricing strategy specialists Simon-Kucher & Partners find 60% of millennials are not happy with current wealth management services Banks and wealth managers should find ample cause for concern in the…

Frantic Bidding War for Australian Fintech GBST Holdings
September 16, 2019

Tumultuous week sees SS&C Technologies and FNZ locked in battle to acquire GBST UK-based FNZ had the last word in the sequence of bid and counter-bid that unfolded last week…

Challenger bank Revolut launches 3-D secure payments for online transactions
September 13, 2019

Revolut launched earlier this week a new 3-D Secure payment feature that could protect its users from online fraud The 3-D Secure payment feature applies only to e-commerce payments, that…

Credijusto, the Mexican SME lending platform, Raises $42 Million
September 13, 2019

Point 72 Ventures and Goldman Sachs led Credijusto’s Series B funding round Participating investors included Thomvest Ventures, Wolfson Group, Third Lake Capital and Argo Ventures, as well as existing investors…

RegTech Revenues Climb in Step with Startup Activity, Says CCAF Benchmarking Report
September 12, 2019

RegTech revenues in 2018 top $5 billion following a sharp pickup in startup activity The above statistic is a finding of the “Global RegTech Benchmarking Report,” published by The Cambridge…

Baton Systems Raises $12 Million in Series A Round
August 30, 2019

Trinity Ventures leads round with participation from Alsop Louie and Commerce Ventures Baton Systems has raised more than $12 million. The provider of high-speed, blockchain-inspired, bank-to-bank payments infrastructure, aims to…

Look Ma, No Banks. Small Business Bernal Cutlery Shop Issues SMBX Bonds Instead
August 24, 2019

Small businesses getting the go-round from banks now have an alternative: Issue bonds on the SMBX platform Bernal Cutlery, a well-known cutlery shop in San Francisco, raised $130,000 within two…

Small Business Debt Funding Platform Now Available on Your iPhone
August 20, 2019

Apple has approved the SMBX app, a crowdfunding debt financing platform for small business Small businesses now have an alternative to their banks on their iPhones. SMBX, an app recently…

Accenture: Global Fintech Investments Plunge in H1 of 2019
August 20, 2019

The US-China trade war took a toll on global fintech investments, which slumped 29% in the first half of the year. According to a report from consulting firm Accenture, fintech…