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Fintech revenues to hit $500bn by 2030 - UBS

The global fintech industry is at an inflection point, with revenues set to grow from $150 billion in 2018 to $500 billion in 2030, according to research from UBS.

GIG signs agreement with Volt as main partner for open banking

Gaming Innovation Group Inc. (GiG) has signed an agreement with open banking solutions provider Volt Technologies Limited, allowing GiG to offer Volt’s payment solutions to its customers.

Fintech startup Robinhood raises fresh funds at $8.3 billion valuation

Robinhood said on Monday it has raised $280 million in a funding round that valued the online brokerage at $8.3 billion as it benefits from new signups amid increased market volatility and stay-at-home orders due to the coronavirus.

Visa gives Kenya's Safaricom 'missing link' for global payments

Visa and Safaricom have agreed a deal which will connect the Kenyan telecom operator’s M-Pesa financial services platform with Visa’s global network of merchants and cards.

GoBear acquires Singapore fintech startup AsiaKredit

Financial marketplace GoBear today announced that it has acquired the Singapore-based AsiaKredit, an end-to-end digital consumer lender.

APEXX partners with Volt to unlock Open Banking Payments for their global offering

APEXX Global (‘APEXX’), the leading global payments platform, is pleased to announce a wide-ranging partnership with the Open Banking digital money platform, Volt.

Coronavirus Accelerates Change in Latin America’s Fintech Sector

In Latin America’s fast-growing but still developing fintech sector, the impact of COVID-19 is already being felt. Smaller banks are under pressure to digitize, given the current widespread isolation measures. Many of them are turning to fintechs for help and may come out of this crisis with better digital offerings than they had prior.

FIS sets up $150 million fintech venture fund

Financial technology company FIS has set up a venture arm with a goal of investing up to $150 million in promising fintech startups over the next three years.

SICPA Announces SICPASTAR® Hot Stamp Secure Color-Shift Innovation to Protect Critical Documents, Identity Credentials, and Payment Cards

SICPA today announced the commercial launch of its SICPASTAR® Hot Stamp secure color-shift solution, which provides enhanced security for plastic cards and value documents, including credit cards, birth certificates, vital records and other high-value documents.

Federated Hermes, SASB and CERES: ESG guidance during Coronavirus

Just as investors are getting to grips with the importance of environmental, social and governance issues (ESG) to their investment strategies, economic orthodoxy has gone out of the window as the world fights to control the coronavirus pandemic.

Chip raises UK’s ‘largest’ lockdown equity crowdfund on Crowdcube

Chip, a UK-based auto-saving app, says it has raised the UK’s largest equity crowdfund since the lockdown began on Crowdcube. Despite the economic uncertainty of coronavirus, Chip managed to raise £2.6 million from 4,240 investors, surpassing its £1 million target “within hours”. It has more than 10,000 shareholders to date.

Despite Current Environment, Fintech Startups Continue To Hire And Raise Funds

COVID-19 is pushing companies to accelerate their innovations in a matter of weeks rather than years, such as accepting mobile payments or giving their brick-and-mortar store an online presence

ING-backed Yolt app plugs into American Express

Yolt, the ING-backed smart money app, has connected its application programme interface (API) to American Express. The fintech says its app has more than 95% API coverage in the UK, which includes the country’s nine largest high street banks, as well as challengers Monzo and Starling.

Wirecard and Visa collaborate on Visa Fintech Fast Track Program in the Middle East

Wirecard, the global innovation leader for digital financial technology, today announced they have signed an agreement to be the preferred payment processor for Visa to bolster the Visa Fintech Fast Track Program in the Middle East region.

Facebook in Talks with Three Indonesian Digital Fintech Companies for Mobile Payment Tie-Up

Three Indonesian digital fintech companies are collaborating with Facebook Inc. to apply for regulatory approval to launch mobile payments in the country.

Fintech startup Rapyd acquires payments card service provider Korta

Financial technology startup Rapyd Ltd. announced today that it has acquired Korta ehf, an Iceland-based payment card service provider, for an undisclosed sum.

Stripe raises $600M at $36B valuation in Series G extension, says it has $2B on its balance sheet

Stripe, a well-known payments unicorn, today announced that it had raised another $600 million in new capital, money that it plans to use to continue investing in product development, further global expansion and strategic initiatives.

Leaked pics reveal Google smart debit card to rival Apple’s

Google is developing its own physical and virtual debit cards. The Google card and associated checking account will allow users to buy things with a card, mobile phone or online. It connects to a Google app with new features that let users easily monitor purchases, check their balance or lock their account. The card will be co-branded with different bank partners, including CITI and Stanford Federal Credit Union.

IDnow notices changes in customer behaviour since Coronavirus (COVID-19) restrictions

IDnow, a leading provider of Identity Verification-as-a-Service solutions with more than 250 customers, publishes statistics on the changed customer habits since Europe has experienced restrictions on everyday life due to the coronavirus (COVID-19).

Sopra Banking Software Releases Cassiopae V4.7 as Scheduled

Sopra Banking Software released on March 31 Cassiopae V4.7, a leasing and lending application, which is part of the company’s Sopra Financing Platform. The company met the ambitious release date announced ten months ago.

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