Fintech solarisBank Aims to Add 50 Partners in 2018
EXCLUSIVE - Known as one of the first technology companies in Europe to procure a German banking license, solarisBank has lofty ambitions for 2018. That plan, according to Timo Weber, VP of strategy...
View ArticleAcorns Launches Retirement Account Product, Acorns Later
Digital micro investing app Acorns today launched Acorns Later, an account that enables users to put money into a retirement account. Acorns Later is an automated IRA account, tax-advantaged retirement...
View ArticleBarclays Partners with PayPal
One of the U.K.’s largest banks, Barclays plc, has partnered with American payments company PayPal to provide Barclays customers the ability to use their Barclays products in PayPal’s digital wallet to...
View ArticleNew Unicorn Revolut Will Use Capital For International Expansion
U.K.-based digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status. The company, which is now worth $1.7 billion, will use the new funding to...
View ArticleMobile Banking Customers Have More Financial Confidence, Citi Says
Consumers who have made the switch to mobile banking are likely to be more confident in their financial decisions, and feel they have “a greater awareness” of their financial situation, according to a...
View ArticleFacebook Looks to Instagram and Messenger As Payments Revenue Falls
EXCLUSIVE— Facebook is turning to its other platforms, including Instagram, WhatsApp, and Messenger for its experiments with payments, as revenue for that sector fell, the company reported during its...
View ArticlePayPal Focuses On Venmo, Not Cryptocurrency
EXCLUSIVE – Payments company PayPal might not see immediate value in cryptocurrency, but it's continuing to see more value in its P2P payments service Venmo, according to the company's Q1 earnings call...
View ArticleBBVA Completes Corporate Loan Deal Via Blockchain
BBVA bank announced today that it has closed a $90 million corporate loan deal with their technology partner, Indra, via blockchain technology. The bank claimed that the transaction, which would...
View ArticleCashback App Dosh Raises $44M, With PayPal Backing
Cashback startup Dosh has raised $44 million to expand its product development, the startup announced yesterday, a Series A round that included participation from Goodwater Capital and PayPal. The...
View ArticleZelle Processes $25B in Payments After Reports of Fraud
P2P payment provider Zelle processed $25 billion in payments during the first quarter of 2018, the service reported yesterday, a more than 15% increase from last quarter. While this seems to be a good...
View ArticleSinpagore to Speed Up Its Fintech Patent-Granting Process
Singapore is taking another step towards cementing itself as the top fintech hub in the world. Today the Intellectual Property Office of Singapore (IPOS) said it would speed up the patent granting...
View Article3 Startups to Watch: YingBank, Upgrade, and Teampay
With fintech funding on the rise, new startups that want to make their mark on the financial ecosystem are sprouting up every day. From those that focus on payments or mobile, to the ones leveraging...
View ArticleWill AI Lead to Open Banking in North America?
EXCLUSIVE— As open banking sweeps through Europe with the launch of PSD2, GDPR, and other regulations focused on transparency, North American financial institutions might want to consider looking to...
View ArticleCEO Spotlight: René Lacerte of Bill.com
EXCLUSIVE- The genesis of Bill.com, a cloud-based cash flow management software for SMBs, came to René Lacerte when he was still leading his digital payroll services company PayCycle. “Payroll and B2B...
View ArticleWhat the Sale of Baidu’s Banking Unit for $1.9B Says About the Future of...
Like everything in China, the purchase of Baidu‘s financial services unit by TPG Capital Management LP and Carlyle Group LP today is a big deal. It is also a deal that will require a big effort by the...
View ArticleMany Americans Don’t Think Cashless Payments Are Secure
Many Americans have doubts about cashless payments. That’s because they don't think it is a secure method. A new report commissioned by eWallets-focused startup GATE titled, “The Future of Payments...
View ArticleOne Third of Chinese Tuition Payments Come Through Alipay, Western Union Says
While those of us in the U.S. experiment with Venmo or Apple Pay, payments in China have reached the point where even large transactions are routinely processed via the smartphone, even tuition...
View ArticleMetro Bank Explores Additional Use for AI-Driven PFM Tool, Insights
U.K. challenger bank Metro Bank could extend its AI-driven money management tool Insights, designed for its retail side, to its business customers. Formed in partnership with Israeli AI company...
View ArticleSecurity Remains a Top Concern for Banks Looking to Innovate in Payments
Security and fraud risk remain the top priority for retail banks seeking to update their payments infrastructure, a study released this week by ACI WorldWide and Ovum found. The security and privacy of...
View ArticleDid Apple’s ‘Red Circle’ Tactic Lead to More Active Pay Users?
The number of consumers making use of Apple’s mobile payment service is increasing, but are these users really, well, using it? The company more than doubled the users for its namesake payment service,...
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