Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Affirm IPO: 5 things to know about the fintech company shaking up online credit
Millennials are driving a change in the traditional idea of paying by credit, and soon investors will have a way to play that trend on the U.S. markets. Financial technology company Affirm Holdings Inc. AFRM, which allows consumers to split…
Fintech firm Revolut names former Citigroup executive Rebecca Macieira-Kaufmann to its US board
Published Wed, Dec 2 2020 8:35 AM EST Macieira-Kaufmann spent 12 years at Citigroup, most recently as head of Citigroup's International Personal Bank in the U.S., which is the firm's offshore wealth management arm. She also previously ran Banamex…
Monzo, the U.K. challenger bank, picks up additional £60M in funding
Monzo, the U.K. challenger bank now with more than 4.8 million customers, has closed another £60 million in funding, priced the same as and effectively an extension of the its previous top-up round in June. This saw Monzo valued by private…
'Lifting the lid on Fintech'- customer-focused innovation or dangerous corporate power grab?
The finance sector's decision to ape Big Tech and adopt platform business models enabled and powered by the mass acquisition and manipulation of data is creating new risks for society, warns a report from the Finance Innovation Lab. The report -…
CCAF, World Bank, World Economic Forum study into Covid-19 impact on fintech: A sneak peek
In anticipation of the official launch, the Cambridge Centre for Alternative Finance (CCAF) invited industry participants to join an examination into the results of the Global Covid-19 Fintech Market Rapid Assessment Study, compiled in partnership…
S&P Global agreed to buy IHS Markit to create market data powerhouse
S&P Global is buying IHS Markit to boost its data analytics capabilities, further consolidating the space to a few market data giants. However, EU and US antitrust concerns may delay the acquisition. Insider Intelligence publishes hundreds of…
Why do fintech startups in Europe resort to traditional finance?
Today more and more investors are relying on the Fintech industry considering the tendency nowadays in every single sector of the world to digitalize. As technologies emerge, the number of fintech startups rises all over the world and many startups…
Nigerian fintech startup, CredPal raises $1.5m for credit cards launch and expansion
Nigerian consumer fintech startup, CredPal, has announced its raise of $1.5 million in a recent funding round. The investors that took part in this round include US seed-stage accelerator, Y Combinator, Lagos-based fintech investment holding…
Visa Exists in a Payments World No Longer Ruled by Banks, Only Fintechs
By Dana Blankenhorn, InvestorPlace Contributor Every bank is a fintech now. In this world, having money matters less than being able to move it. That’s why Visa (NYSE: V) is worth more than JPMorgan Chase (NYSE: JPM), with its…
Why KOP fintech company PowerPay has seen 600% growth during the pandemic - Technical.ly Philly
Home improvement is way, way up. Amid pandemic-prompted stay-at-home orders, people are getting sick of looking at the same old backsplash and dream of transforming their basements into second living rooms. The trend has been a boon for PowerPay:…
Bank and insurance stocks had an outstanding November, but this part of the financial sector did even better
The financial sector of the S&P 500 Index just had its best month since April 2009. But the sector is lagging way behind the broader market. Meanwhile, the Global X FinTech ETF FINX — which tracks financial-technology companies including…
Revolut's mobile app updates and new online portal carry tangible benefits
Revolut's latest slew of mobile app updates and its new online portal carry tangible benefits for the neobank. And this comes at a time when Starling's newfound profitability is putting the spotlight on other UK neobanks' success. Insider…
To Avoid Tech's Anti-Trust Troubles, India Tries a Hard 30% Cap
From Washington to Beijing, governments are trying to strike the right balance between enabling technology innovation and preventing giants like Google and Facebook Inc. from suffocating rivals. Now India is experimenting with a framework for…
Nordigen introduces free European open banking API
Latvian fintech startup Nordigen is switching to a freemium model thanks to a free open banking API. Open banking was supposed to democratize access to banking information, but the company believes banking aggregation APIs from Tink or Plaid are…
Flagstar backs mortgage fintechs that may help address capacity issues
Flagstar Bank's latest mortgage accelerator program is supporting technologies that predict the likelihood of home-loan approval for borrowers, automate document processing and analysis, and manage vendor interactions in the closing process. As a…
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