France's competition authority has launched a public consultation into the fintech sector, with a focus on payment services.
A former Visa executive is launching an AI-based platform designed to help fintech startups build commercial partnerships with retailers, financial institutions and investors
Chinese tech giant Tencent Holdings will allocate nearly $70 billion (500B yuan) over the next five years in fintech development, including blockchain, cloud computing, and artificial intelligence (AI).
GoBear has secured $17 million in funds that it says will drive its efforts to become a "full-fledged financial services platform". It plans to focus on three growth areas, namely, online financial supermarket, digital insurance brokerage, and digital lending.
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Last year Bankart put out a request for proposal (RFP) for a new Payments Orchestration Platform provider. IXOPAY is delighted to announce that after a long and competitive tender process it has been confirmed as Bankart’s new provider. Key criteria in Bankart’s decision were IXOPAY’s extensive feature set, maturity, and flexibility.
When former Bill Clinton speechwriter and political wunderkind Andrei Cherny launched Aspiration four years ago, the upstart fintech startup was one of Los Angeles’ early entrants into a financial services market dominated by players from Europe and the financial capital of the U.S., New York City.
UBS Group, a Swiss investment banking giant, is creating a venture capital fund with a corpus of hundreds of millions of dollars of its own fund.
Via Varejo, the largest retailer in Brazil, is set to acquire Boston-based fintech startup AirFox for an undisclosed sum.
Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs.
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Business intelligence company Adkit Ltd. is expecting the downturn in investments in fintech companies to continue in the coming months, although not to the devestating extent seen over the past few months.
Khatabook, a startup that is helping small businesses in India record financial transactions digitally and accept payments online with an app, has raised $60 million in a new financing round as it looks to gain more ground in the world’s second most populous nation.
The payment orchestration platform IXOPAY is now connected to Trustly, the global leader in online banking payments. From now on, eMerchants connected to the IXOPAY software platform will have the opportunity to offer Trustly.
British digital bank Monzo is raising a new round of cash from investors at an almost 40 per cent discount to its previous fundraising, highlighting the pressure the coronavirus crisis is putting on private tech company valuations.
The financial technology industry will emerge stronger from the post-coronavirus period as more people turn to digital payments as they work remotely and practice social distancing, according to the Dubai Future Foundation.
As our lives become hyper-connected and customer expectations increase, the imperative on insurance carriers to deliver automated services with a 360° customer view is increasing.
Sopra Banking Software (SBS), a global leader in digital banking and financing software, announced that the latest version of Sopra Banking Platform is now live in the Netherlands. This next-generation core banking software, providing a broad range of retail banking capabilities including PSD-2 and instant payments, was implemented in close cooperation with Centric, SBS’s long-standing partner in payment transactions for financial institutions
Anyfin, a Stockholm-based digital lender that allows consumers to refinance their loans, has raised a $30 million Series B led by EQT Ventures, with support from previous investors such as Accel, Northzone and Global Founders Capital. Currently operating in Sweden and Finland, the fintech startup will use the funding to expand into new European markets.
Singapore is giving fintech companies more funds to help them ride through the COVID-19 pandemic and ensure they can continue to innovate alongside financial institutions. A new SG$6 million ($3.44 million) grant can be tapped to cover their day-to-day expenses as well as fund proof of concepts.