Tag: fintech

May 11, 2021

Lili, a neobank, announced Tuesday that it has raised $55 million in this latest round of fundraising, giving it $80 million in capital raised so far. Since its prior funding round in November last year, the company’s customer base has […]

May 6, 2021

Chime, which launched in 2013, is not a bank, but partners with The Bancorp Bank and Stride Bank to offer its customers financial products such as debit cards and Federal Deposit Insurance Corp. (FDIC)-insured deposits. The California agency claims Chime […]

April 13, 2021

Alongside CardinalStone, a private equity investment firm focused on Nigeria and Ghana, the round also garnered funds from V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures. The fintech says the fresh capital injection will bolster investment in […]

April 2, 2021

Whilst some big deals announced last year never came to fruition in these early months – including Visa’s $5.3 billion acquisition of Plaid, and crowdfunding platforms Crowdcube and Seedrs – plenty of other deals emerged to take their place. Here’s […]

March 31, 2021

In this exclusive investigative feature, the investment manager, who wishes to be referred to simply as Mr. Chen, tells FinTech Futures about his battle to receive the $90,000, which only became available to him on the eve of 26 March […]

March 19, 2021

The fintech intends to wrap the card in pet-related rewards, covering things like pet food, vet bills, and rescue shelters. Merchant partners listed on Sincere’s website include Walmart, Amazon, Target, and Walgreens. As well as smaller, pet care-focused brands, such […]

February 22, 2021

JPMorgan Chase is taking a stake in a private stock trading platform with links to Palantir to boost the bank’s efforts to connect buyers and sellers of hot pre-IPO company shares, CNBC has learned. The bank’s investment in Zanbato, a […]

February 17, 2020

With a focus on ecommerce, health care – presumably including the increasingly popular ‘healthtech’ – and fintech companies, the capital is part of the investor’s efforts to support around 650 firms across LatAm with a total Vision Fund of $5 […]

October 28, 2019

J.P. Morgan is expanding its Corporate Client Banking and Specialized Industries’ (CCBSI) Specialty Finance Group within Commercial Banking in strategic markets across the U.S. with key hires. The team provides comprehensive financial solutions to financial institutions focused on lender finance, […]

April 17, 2019

Inscribed in the first block of the first blockchain ever created are the words: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” referring to the London newspaper’s lead story of the day. This edition of the newspaper […]

March 15, 2019

Are you using VR or AR in banking? Not yet? Looks like you are not trendy! Virtual reality is commonly associated with interactive 3D video games, entertainment and adventures. However, financial specialists found a way to use the full potential […]

February 14, 2019

According to KPMG’s “2018 Pulse of Fintech” report, it was a happy year in the US with VC accounting for more than half of the 1,061 fintech deals. Deals include the massive $17 billion investment in October by Blackstone Group […]

January 24, 2019

Based on Broadway, the start-up will be looking to make a grand entrance and a real show of its ambitions. The bank says it will offer a transaction processing engine integrating businesses and their digital-native customers for banking services. This […]

December 3, 2018

In the European Payments Council’s (EPC) “2018 Payment Threats and Fraud Trends Report”, it provides a bleak and very lengthy overview of the most important threats in the payments landscape. There is a lot to mention, but the EPC raised […]

August 1, 2018

Banks have to struggle with a lot of risks – from issuing credit to operational challenges, technological troubles to good old fashion fraud. In addition to the risks of yesteryear, modern banks face falling long-term rates, growing fintech competition and […]

July 6, 2018

Square has withdrawn its application to open a new depository bank in the US, but says it plans to apply later to the Federal Deposit Insurance Corp (FDIC). As reported in September 2017, Square was applying for an industrial loan […]

June 4, 2018

The jointly developed chatbot-to-chatbot communication solution replaces manual responses to status updates on customers’ securities trades on the messaging platform Symphony. For references, processes that used to previously take up to three minutes for a single trade will now be […]

May 29, 2018

Automation is a common buzzword these days in the financial services industry. What does it really mean for your business, and how far can you take automation through your credit origination process? We have compiled the top five benefits of […]

December 26, 2017

EXCLUSIVE— Fintech is continuing to grow, as more startups across payments, insurance, blockchain, and other areas carve out niches for themselves in the financial ecosystem. And with more funding and more innovations come more players. Here are three that Bank […]

November 27, 2017

Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few years. The report, called Fact versus Fiction: FinTech […]