Could Your Face Be a Ticket to Enter and Your Form of Payment?
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New life may be breathed into facial ID due to the coronavirus — no cards, no phones, no touching.
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Fintech News Stories
Connecting the Global Fintech World
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Recently, we touched on how several hot European fintechs have set their eyes on the U.S. market, and now a major U.S. player is moving in the other direction across the pond. This week, Plaid said it is launching in the UK as part of a planned global expansion.
Read MoreFintechs and Financial Institutions: Together Forever?
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In the early part of this decade, fintechs were viewed by some traditional financial institutions as barbarians at the gate, eager to take customers away. Fintechs, for their part, frequently talked about “disrupting” the financial industry and doing things digital-first, not being held back by legacy technology or processes.
Read MoreFintech M&A activity stays active in August.
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It’s gratifying to see start-ups highlighted in our Company of Note section receive their just validation. A case in point is ClearGraph, which we highlighted in March as a compelling solution to help financial institutions better harness their raw data. This week, the firm agreed to become part of business intelligence and analytics firm Tableau.
Read MoreJon Butler, Heather Tuason and Jeff Kelisky
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Jon Butler has left his senior technology role at Goldman Sachs to join Deloitte’s technology consulting practice. Also this week, Heather Tuason, formerly of Capital One, has joined StreetShares, a small business lending marketplace. Given the company’s dedication to helping America’s veterans
Read MoreMark of the beast or frictionless Doritos shopping?
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“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or on their foreheads. And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” That passage from the Book of Revelations describes the mark that everyone will need to have in or on their bodies during the “end times.”
Read MorePayments deal activity is en fuego.
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PayPal has partnered with Baidu to let Baidu Wallet users send payments to Paypal’s 17 million-strong merchants worldwide. Also in payments land, Stripe paid an undisclosed amount for Payable to bolster its tax reporting and contractor payments offerings; and Visa has made an investment in Marqeta
Read MoreCrown changes heads at one of London’s biggest fintech firms.
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Taavet Hinrikus will be stepping down as CEO of UK-based Transferwise, just months after he said he would relocate the company’s HQ to the EU mainland. While this fits the Brexit doomsday scenarios of fintech start-ups fleeing the UK, new financings by Receipt Bank, Soldo, Tide, Curve and Revolut demonstrate that Britannia remains fertile fintech ground.
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