Fintech News Stories
With Plaid-Visa merger off, Plaid eyes client growth prospects
/On Tuesday, Jan. 12, Visa and Plaid decided to terminate a merger agreement inked nearly a year ago that would allow Visa to acquire the data aggregator for $5.3B.
Read MorePartner Banking Boom Could Be A Boon For New Fintech Startups
/Bank partnerships come in all shapes and sizes. In addition to the bulge bracket banks like Goldman, community banks and credit unions are ramping up their partnerships.
Read MoreWalmart to launch fintech startup focusing on “next-generation” financial products
/Retail giant Walmart announced that it will launch a fintech startup that will offer “innovative and affordable” financial solutions for consumers.
Read MoreSoFi to go public via Chamath Palihapitiya SPAC
/SoFi, the 10-year-old financial services company that started as a lender and expanded to banking, investing, and mortgages is going public by merging with a special purpose acquisition company (SPAC) associated with investor Chamath Palihapitiya, multiple sources reported.
Read MoreInvestors and banks focus on conversational AI amid pandemic restrictions
/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 MoreSeedrs merges with rival Crowdcube, reports $6M in losses
/The 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 MoreEx-Bank Leumi CEO and tech execs launch $100M fintech venture fund
/Rakefet 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 MoreBetterment leads inclusion-focused industry coalition
/A 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 MoreU.K. fintechs lean on TikTok as U.S. mulls ban
/As 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 MoreUpgrade Doubles Down on Digital Banking
/Another credit-focused startup that has been crossing over into digital banking is Upgrade.
Read MoreConsumers and Fintechs Feel the Pinch from Wirecard’s Collapse
/The 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 MoreA New Kid on the Corporate Venture Block
/FIS Ventures plans to invest $150 million in fintech start-ups over the next three years.
Read MoreFintech’s Role When the Economy Shifts From ‘Respond’ to ‘Recover’
/Post-COVID-19 opportunities can come from thinking big and acting boldly now.
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