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: Visa Snaps Up Fintech Network Plaid for $5.3 Billion
January 14, 2020

Visa Snaps Up Fintech Network Plaid for $5.3 Billion. Plaid allows people to connect their finances to apps. Fintech applications need to connect up with a user’s financial accounts to…

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Fintech: Goldman Sachs Launches Its Marcus App
January 14, 2020

Online bank Marcus from Goldman Sachs Group has finally come to mobile devices. The Wall Street financial giant launched its long-awaited app for customers last week. The lack of an…

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Fintech: The Reserve Bank of Australia Sees Little Need for Libra Project
January 13, 2020

The Reserve Bank of Australia is the latest central bank to suggest that the Libra cryptocurrency project will not work. It also questioned the viability of central bank digital currencies…

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Fintech: California Pushes New Fintech Regulations
January 13, 2020

The State of California could soon overhaul the regulatory oversight of financial technology companies. Governor Gavin Newsom released details of his 2020-2021 budget. Inside, the proposal includes a provision to…

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Amazon Tells Users to Uninstall Fintech Browser Honey Over Security Issues
January 13, 2020

The browser extension Honey just lost a huge source of opportunity. Just weeks after PayPal purchased the browser extension for $4 billion, Amazon has told customers to uninstall it. The…

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Fintech: Bond Bot Creator Katana Labs, Incubated at ING, is Spun Off
January 9, 2020

ING announced Tuesday the spin-off of Katana Labs – an in-house start-up nurtured at its ING Lab incubator. ING Ventures, the venture capital arm of ING, will invest £ 1.5…

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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.

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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.

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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…

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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…

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