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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.

Top Story

FinTech: Online Lender and Fintech SoFi Refiles For A National Bank Charter

July 10, 2020

SoFi becomes one more fintech looking to crossover into mainstream banking after it filed a de novo application with the Office of the Comptroller of the Currency (OCC) for a national bank charter. According to American Banker, which cited a SoFi spokesperson, the fintech applied on Wednesday, though a copy of the charter application was not available till Thursday.

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More Stories on FinTech

FINTRAC money laundering warning

Canadian watchdog FINTRAC: Fintechs Vulnerable to Money Laundering

July 24, 2019

Documents obtained by The Globe and Mail reveal that fintechs in sectors such as alternative lending, electronic payments, online gambling and digital currencies are thought to be particularly vulnerable to the menace of money laundering.

British Fintech Transferwise Eyes U.S. Customers

July 23, 2019

British-born Netflix star Tan France will endorse the debit card from Transferwise soon to be launched in the US.
Launched in the UK and Europe in 2018, the card has already made waves with 15 million transactions, and over $10 billion deposited.

JPMorgan Chase May Buy Stake in UK FinTech 10x Future Technologies

July 19, 2019

Former Barclays chief Antony Jenkins, founder of 10X, believes the banking industry’s “Uber moment” is here
According to a report in Financial Times, JPMorgan Chase, the biggest US bank, is in discussions to invest in banking fintech 10x Future Technologies.

SPAC and fintech to raise $220 million

July 13, 2019

Netfin Acquisition Corp filed with the SEC to raise $220 million in an initial public offering (IPO).
Based in New York, Netfin is a SPAC and fintech.

The Revolut unicorn, a disruptive force in banking

July 7, 2019

Revolut, the UK-based digital “challenger” bank, wants to become the Amazon of banking.
Started in July 2015 by two bank ex-employees, Revolut has a set a torrid pace towards its aim to become a global financial player.

Decade-old Dutch payments startup raises €25 million

July 3, 2019

Amsterdam-based payment service Mollie finally avails funding
A group of technology and payment entrepreneurs has seized the opportunity to invest in a pioneering online payments service that was founded over a decade ago.

How Brex, the fintech unicorn, made its young founders very wealthy

July 2, 2019

Henrique Dubugras, 23, and Pedro Franceschi, 22, are (you guessed it…) Stanford dropouts
Henrique Dubugras and Pedro Franceschi have a net worth of $460 million each. They founded Brex, a fintech startup in 2017.

IMF fintech survey: Central banks testing crypto waters

July 1, 2019

An IMF survey on global adoption of fintech shows a fifth of central banks are weighing the issue of cryptocurrencies
Are fintech’s stated benefits of financial inclusion and a fillip to growth visible on the ground?

Fintech bank backed by Leonardo DiCaprio: pay fees only if you wish to

July 1, 2019

Aspiration, an online bank, advertises itself as the Wells Fargo alternative
Looking for a cheaper, cleaner alternative to Wells Fargo, the mainstream US bank which has been in the news for all the wrong reasons?

Fintech Opens Shale Plays to Investors

June 20, 2019

Shale investing is no longer an exclusive club open only to industry insiders. EnergyFunders, which claims to make direct energy investing easy, presents selected and vetted oil projects on a transparent, data-driven platform.

YieldStreet Review

P2P Lending Platform YieldStreet – A Balance of Risk and Reward

June 20, 2019

Strict project vetting. Collateral as security for lenders. SEC-regulated. Pick from projects or loans in real estate, litigation finance, marine finance, commercial or art.
That’s YieldStreet for investors seeking higher returns from opportunities in P2P lending.