FinTech Icon


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: U.K.-Based Atom Bank To Raise £40M To Become Profitable, Go Public

February 26, 2021

Atom Bank, which is based in Durham, U.K., plans to raise £40 million from its existing shareholders in a move to achieve profitability within a year. The digital bank also plans to make an IPO during the financial year 2022/23.


Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

More Stories on FinTech

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 gender bias by offering men higher credit limits compared to women. Wozniak found that his credit limit was 10X that of his wife, even though they both share banks and other credit cards.

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. The bank is planning to build a new trade platform for businesses. London-based Ebury is a startup fintech that provides a gamut of corporate services to small-to-medium sized international companies. These services include cash management, foreign exchange, and trade finance.

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 enterprise arena. Bottomline’s innovation will enable corporate customers to send and receive real-time payments and as well, request payments.

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 in these countries can turn their user account balances into digital cards that are accepted wherever Visa is and where the Marqeta platform is certified.

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 up its loan procedure.

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 the money to finance its international expansion.

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 money between cellphones, pay for retail purchases, and draw cash via credit card, “Cash Card” or ATM.

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 within this year. Also included in today’s deal is Europe – the two businesses will partner on a minimum of 50 percent of all of Revolut’s existing and future cards in Europe.

Fintech Startups

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 Preferred Rewards customers. It will also reduce commissions for all other customers. 

Latin American Payments Processor EBANX Achieves Unicorn Status

October 17, 2019

Brazil-based fintech and payment processor EBANX is a newly-minted unicorn.
EBANX, which enables transactions between global companies and Latin American commerce, received a “significant” investment from FTV Capital.

US VC Funding and Fintech Deals Dip In Q3

October 17, 2019

US venture capital and fintech funding both declined in Q3 of 2019 compared to the previous quarter.
According to a CB Insights MoneyTree report US VC capital funding declined 15% while Fintech funding declined by 27%.

Revolut Swings for the Fences; Plots $1.5B Fundraise

October 15, 2019

Revolut, the European challenger bank, prized fintech, and uber-hot unicorn, wants $1.5 billion.
Revolut’s fundraise, if successful, would achieve two momentous feats: A company valuation of $5 – $10 billion, and entry into the select club of startups that managed to raise $1 billion or more in a single funding round.

Auriga Launches WWS AI For Advanced Banking Insights

October 15, 2019

Bankers can now get an Artificial Intelligence-led insight into their banking operations with the help of Auriga’s new WWS AI module. Auriga’s WWS AI module is a component of its WinWebServer omnichannel banking software suite.

Nubank, the Brazilian Fintech, Hits a Purple Patch

October 14, 2019

Brazilian fintech startup Nubank has added three million users since August this year.
Speaking at the Brazil Investment Forum in Sao Paulo, Nubank founder and CEO David Vélez said the fintech now had 15 million users.

Finmason Clocks Analysis Of 10 Million Portfolios

October 11, 2019

U.S. based fintech FinMason is the world’s largest independent investment analytics engine for financial services platforms. FinMason announced this week that it had analyzed over 10 million portfolios for clients. The investment analytics provider launched its analytics API service in 2017. The firm directs its service towards WealthTech and FinTech firms. The FinMason API puts…

Ripple’s Blockchain to Support Finastra’s Cross-Border Payments

October 11, 2019

Enterprise blockchain provider and payment network Ripple has tied-up with giant fintech Finastra.
The latter’s users can utilize Ripple’s blockchain based network and its RippleNet partners for cross-border payments.
RippleNet, a global blockchain payments network, has over 200 financial institutions as its global partners. These entities will also have access to Finastra’s massive global network of banks.

Here’s What Negative Interest Rates Would Do to the Community Banking Industry

October 10, 2019

Negative interest rates have generated a lot of noise in Europe and Asia. What would happen if the Federal Reserve adopted negative interest rates? That was the subject of a report released this week by the Kroll Bond Rating Agency.

#Fuelherfuture: Crowdfunding Platform Kiva Hits $1 Billion In Lending to Female Entrepreneurs

October 9, 2019

Crowdfunding loans platform Kiva celebrates the $1 billion mark in lending to women entrepreneurs with a tie-up with Pepsi.
Kiva, the crowdfunding loans platform, created a new initiative, #FuelHerFuture with Pepsi. From October 7 to October 13, 2019, Pepsi will provide a credit of $25 to anyone who makes a loan on the Kiva platform. The credit must be utilized to lend to a female borrower of their choice.

Discount Brokers

UBS: Fintech Darling Robinhood’s Business Model in Serious Jeopardy

October 7, 2019

Robinhood has a $7.6 billion valuation thanks to its strong support from Millennials. Launched in 2013, the Fintech startup undercut discount brokerages with free trades and a sleek look that attracted first-time investors.

Vista Equity Partners

Vista Equity Partners May Sell Partial Stake in Fintech Giant Finastra

October 7, 2019

Vista Equity Partners may look to sell up to 50% of its stake in Fintech firm Finastra. The private equity shop could reach a deal worth more than $10 billion, including debt. Reports indicate that Vista Equity Partners is working with Goldman Sachs to locate potential buyers.

Mutual Fund Giant Vanguard to Test P2P FX Trading with Blockchain

October 4, 2019

Mutual fund giant Vanguard Group has started testing a peer-to-peer FX trading platform. The experiment is part of a partnership with Symbiont.

Finablr And Samsung Pay Announce New Fintech Money Transfer Service

October 4, 2019

For the first time in the US, a Samsung Pay user can transfer money internationally to 47 countries using their mobile.
Finablr, a UK-based and listed fintech, has partnered with Samsung Electronics to offer secure cross-border payments within Samsung Pay, the native mobile wallet. The consumer simply initiates the Money Transfer tool inside the app.

Cloud And Saas Banking Startup nCino Raises $80M

October 3, 2019

nCino, the startup known for its cloud-based, SaaS solution for banking operating systems, raised $80 million.
nCino’s cloud-based, banking operating system runs off the Salesforce platform. Existing investor Salesforce Ventures participated in the funding round, which was led by funds and accounts advised by T. Rowe Price Associates, Inc.