There are major bets being made on the future of automation and financial services, as shown by a $25M Series B investment in startup Ushur, which helps insurers automate interactions with customers, and a partnership between Santander UK and Personetics that will support a digital money management platform offered by the bank.
Read MoreThe merger of U.K.-based crowdfunding platform Seedrs with rival Crowdcube is creating a $181M (£140M) marketplace that will allow the general public to buy shares in startups.
Read MoreRakefet Russak-Aminoach, former president and CEO of Israel-based Bank Leumi, joins a group of fintech executives, including Yuval Tal, founder of payments company Payoneer, and Galia Beer-Gabel, a former head of business development at PayPal, to launch Team8 Fintech, a $100M fintech fund.
Read MoreA group of large fintech startups, spearheaded by robo-adviser Betterment, have formed the Fintech Equality Coalition. The group’s mandate is to enhance access to services and grow career advancement opportunities for the Black community.
Read MoreAs the Trump administration eyes a TikTok ban amid security concerns, U.K. fintechs see it as a customer acquisition channel, pulling in quarantine-weary TikTok users who may be open to changing their money habits.
Read MoreAnother credit-focused startup that has been crossing over into digital banking is Upgrade.
Read MoreThe fall of Germany-based payments company Wirecard, which filed for insolvency amid an accounting scandal over a missing $2B, is now affecting app users that depend on its payment services.
Read MoreFIS Ventures plans to invest $150 million in fintech start-ups over the next three years.
Read MorePost-COVID-19 opportunities can come from thinking big and acting boldly now.
Read MoreThe current economic situation is the first true test for fintech companies born as a result from a previous global crisis: the Great Recession.
Read MoreAs negative headlines and gloom-and-doom opinions swirl about the future of start-up investment, the well-known venture capital firm 500 Startups has gone to the source by surveying nearly 140 early-stage investors.
Read MoreCompared to other areas of finance — like banking, payments, and insurance — asset management has been slower to adopt technology-fueled transformations.
Read MoreMicrosoft, the gigantic technology company founded in 1975, is coming together with Plaid, the fresh-faced fintech that allows users to connect their bank accounts to an app.
Read MoreStart-ups in the MassChallenge Fintech 2020 cohort have been a-movin’. Progress made in just three months includes pilot projects, proofs of concepts, and revenue acceleration.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
