Payment Processors Yapstone Raises $71 Million, While Competitor Dwolla...
Yapstone, a payments solution provider for global marketplaces, has raised $71 million in a Series C funding round. The round, made public yesterday, was let by Premji Invest and includes investors...
View ArticleRealtime Payments Goes Live in Australia
Australia’s realtime payments platform is live today. Right now, New Payments Platform (NPP) will enable customers of three of Australia’s major banks: Commonwealth Bank, National Australia Bank and...
View ArticleOnDeck Expects Double-Digit Originations Growth in 2018
EXCLUSIVE—Online lender OnDeck grew originations and expects even more growth this year, according to its earnings call today. The New York-based OnDeck expects “originations to grow at double-digit...
View ArticleTop U.S. Banks Are Investing Most in Personal Finance Fintechs
For all buzz around cryptocurrency and blockchain technology, surprisingly, the top U.S. banks have not been investing as much in these areas as much as one might have thought. The top areas of...
View ArticlePFM App MoneyLion Reaches 2-Million User Benchmark
EXCLUSIVE – PFM platform MoneyLion now has two million customers on its app. That number is a milestone for the fintech that launched a little over four years ago. Back in November, Bank Innovation...
View ArticlePayment Companies Aren’t Seeing a High Crypto Demand, JPMorgan Chase’s WePay...
The consumer demand for cryptocurrency is not yet high enough for payment companies to start offering support for it, Bill Clerico, CEO of payments firm WePay, said yesterday. While it remains a “very...
View ArticleWhy Danske Bank is Working with Other Nordic Banks for a Unified Payments System
EXCLUSIVE – The Nordic countries, in the northern reaches of Europe, comprise a small region with a small population (about 26 million across 7 countries), but disparate payments infrastructure...
View ArticleCoinbase Adds Tool That Allows Merchants to Accept Crypto Payments
Cryptocurrency exchange Coinbase is adding Coinbase Commerce, a tool that will allow merchants to accept payments in virtual currencies like bitcoin, Bitcoin Cash, and ether, the company announced...
View ArticleBritish challenger bank Monzo goes international
First stop – Ireland. The British challenger bank Monzo received approval from Bank of England’s Prudential Regulation Authority (PRA) to launch in the neighboring country of Ireland through a...
View ArticleCash is Not Going Away, ECB Executive Says
Long live cash, at least according to European Central Bank executive board member Yves Mersch. In a speech hosted by Deutsche Bundesbank in Frankfurt, Germany, yesterday, Mersch noted that although...
View ArticleWill ‘Predictive Banking’ Fix Financial Literacy? Wells Fargo Hopes So [VIDEO]
EXCLUSIVE—As the technology matures, many banks and fintechs are turning to artificial intelligence, machine learning, and predictive analytics to provide new tools and features, in a bid to increase...
View ArticleIBM’s Take on Blockchain Technology Beyond Bitcoin [VIDEO]
EXCLUSIVE- Global technology company IBM is involved in more than 400 blockchain projects, according to its vice president of blockchain technologies, Gennaro “Jerry” Cuomo, who testified before...
View ArticleFrench Startup Lydia Raises Funding to Become the Newest PayPal
Paris-based startup Lydia, on its way to becoming a leader in French mobile payments, has raised a $16.1 million round of funding to become the next PayPal in mobile payments. While a lofty goal, Lydia...
View ArticleAdd Another Bank to Fintech Roostify’s Roster of Investors
EXCLUSIVE — If there’s any question that digital mortgage firms are gaining attention from larger fintech players and investors, then look no further than venture capital firm Santander InnoVentures‘...
View ArticleHackers Stole $6M from a Russian Bank, Through SWIFT Payment System, Russia...
An unknown hacker or hackers stole $6 million from a Russian bank in 2017 through the SWIFT international payments system, the Russian central bank said according a report by Reuters today. The Central...
View ArticleVisa and Coinbase Feud Over ‘Erroneous’ Crypto Credit Charges
EXCLUSIVE — Cryptocurrency exchange Coinbase and payment processor Visa are blaming each other for reversed or duplicated cryptocurrency purchases with credit and debit cards, it was reported today....
View ArticleRBC Head of Innovation Lara Druyan Joins Bank Innovation 2018
EXCLUSIVE – Lara Druyan, managing director and head of innovation at Royal Bank of Canada, has joined the speaker faculty for Bank Innovation 2018. Bank Innovation 2018 will take place March 5-6 in San...
View ArticleGoogle’s Tez Now Allows Utility Payments [Video]
Tez, the payments service developed by Google for India, will now allow users to pay utilities and other bills from the app, the company announced today. The app, which allows payments from a user’s...
View ArticleU.K. Investment Association to Launch Fintech Accelerator Program
The innovation of fintech is not limited to retail banking, according to the UK Investment Association, which today said it would launch an accelerator for fintech starts focused on AI, ML, DLT...
View ArticleWhatsApp to Launch ‘Full Feature’ Money Transfer Service in India
Messaging service WhatsApp will open a money transfer service in India, after testing it with a million users, the National Payments Corp of India said last week. WhatsApp, which currently has over 200...
View Article