Top 5 Trends to Watch in 2018
EXCLUSIVE — It’s not even a month into 2018 and already so much has changed. The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K. Then...
View ArticleIntuit QuickBooks Adds New Tax Prep Features — Is Payroll Next?
EXCLUSIVE – First SME loans, now tax preparation features, business software provider Intuit QuickBooks clearly has plans of becoming a comprehensive platform for its SME customers. Is employee...
View ArticleAlipay Heads to Israel
Chinese mobile payments platform Alipay today launched in Israel. Its entry into Israel comes as a result of partnering with Israel Credit Cards (ICC, CAL) and OneBill, according to reports. Israeli...
View ArticleDigital Is Letting Goldman Bring Its Wholesale Pricing Prowess to Retail...
EXCLUSIVE— When Goldman Sachs & Co. launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. But, apparently, that’s not...
View ArticleING Buys Majority Stake in Payments Group, Payvision
ING Bank will acquire a majority stake in Amsterdam-based Payvision, a payments processor company that powers more than 80 separate payment methods for clients, the companies announced today. The...
View ArticleUnionPay Teams Up With Huawei to Expand Huawei Pay WorldWide
UnionPay International, a subsidiary of China UnionPay, has partnered with telecoms company Huawei Technologies to launch mobile payment service Huawei Pay across global markets, beginning with Russia....
View ArticleU.K. Fintech CreditLadder Launches Open Banking Service
U.K.-based CreditLadder, an online platform that enables tenants to help build credit score, launched an open banking service today, making it the first in its sector to do so. Thanks to European...
View ArticleWestern Union Opens Tech Center In India
Cross-border payments company Western Union is opening a technology center in India, which will focus on biometrics, machine learning, and robotics, the company announced yesterday. The center, located...
View ArticleSouth Africa Reserve Bank Launches Fintech Unit
South Africa’s Reserve Bank today unveiled a fintech unit. The unit, which consists of only three members right now, will pay attention to developments in areas like payments, lending and insurance...
View ArticleFunding for Startups in FIS-Backed Fintech Accelerator Reaches $38 Million
EXCLUSIVE – If the future of banking is partnering with fintech startups, then finding the most innovative and efficient fintechs becomes crucial for banks’ success. This demand has led to the rise of...
View ArticleGoldman Sachs To Acquire Credit Card Company Final
Goldman Sachs has agreed to purchase fintech startup firm Final, as a part of its efforts to expand in retail-banking products. Terms of the transaction were not disclosed. Oakland-based Final is a...
View ArticleZelle’s Growth Figures Show the Importance of Bank Partnerships
EXCLUSIVE— Since opening its service to banks, launching its standalone app, and expanding its partnerships in the financial services ecosystem, P2P service Zelle has shown impressive growth. In 2017,...
View ArticleMoven Gets Funding from SoftBank, Looks to Returns to Roots with Bank...
Neobank Moven has secured an undisclosed amount from SoftBank and is looking to acquire a bank with the funding, according to an American Banker report. Moven burst onto the fintech scene in 2012 — it...
View ArticleThe Long-Tail Vision for INV Global, an OS for the B2B Ecosystem
It’s not easy to express the full ramifications of the INV Global token offering in 7.5 minutes. But that’s how much time I had last week at the North American Bitcoin Conference in Miami. I did my...
View ArticleAlibaba to Buy 33% Equity Stake in Fintech Affiliate Ant Financial
The Alibaba Group will take a 33% equity stake in Ant Financial, it’s affiliate fintech company that operates popular mobile payments service Alipay, the group announced today. The stake comes from an...
View ArticleVenmo Introduces Fee for Realtime Transfers
EXCLUSIVE- Payment app Venmo now has a transfer fee. But, thankfully, that fee is only for instant payments. In an update to its terms & conditions yesterday, the social media payments app said it...
View ArticleP2P Payments Platform Square Adds Bitcoin
P2P payment platform, Square is now allowing users to purchase bitcoin worth up to $10,000 in a week on its Cash App. Square began testing the bitcoin option in November, and yesterday announced that...
View ArticleBelgium Bank Belfius Adds Pay Through Facebook and Whatsapp Feature
Belgium bank Belfius today launched a payment feature that allows users to make P2P payments through social media platform Facebook’s Messenger as well as mobile messaging platform, WhatsApp. The...
View ArticleWith Zelle Volume Growing, is PayPal Still King of P2P? (Yes.)
EXCLUSIVE— It’s hard to argue with results, and with $75 billion sent with Zelle, the banks’ “Venmo killer” is certainly getting some. But is it enough to topple Venmo? If one is going purely by the...
View ArticleFacebook Likes Payments: Cryptocurrency, Not So Much
EXCLUSIVE – Payments might not be a substantial portion of social media platform Facebook’s revenues, but it is an important one — particularly as non-payment companies increasingly begin to launch...
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