Flywire and Mastercard partner to streamline cross-border tuition payments
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Mastercard and Boston-based payments company, Flywire, are working together to make cross-border tuition payments easier and faster for students.
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Fintech News Stories
Cryptocurrency exchange Kraken gets banking license
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Cryptocurrency exchange Kraken is the first crypto company to acquire a banking license in the U.S.
Read MoreCFPB proposes to exempt some SME lenders from data collection rules
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The Consumer Financial Protection Bureau (CFPB) this week released proposals regarding SME lenders that could be exempted from data collection requirements under the Dodd-Frank Act.
Read MoreEx-Bank Leumi CEO and tech execs launch $100M fintech venture fund
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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 MorePayments companies’ valuations grow despite pandemic
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As digital financial services get a boost during the pandemic, some of the key beneficiaries are payments companies.
Read MoreJPMorgan and BlackRock partner with Saphyre to automate account opening
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JPMorgan and BlackRock are tapping startup Saphyre’s AI tools to automate the opening of custody accounts. The new solution allows for the digitization of account information entries, the pre-population of redundant data, and the elimination of manual processes and wet signatures.
Read MoreOpendoor to go public through merger with special purpose acquisition company
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Real estate marketplace Opendoor is going public through a merger with Social Capital Hedosophia II, a special purpose acquisition company (SPAC) associated with investor Chamath Palihapitiya.
Read MoreGerman fintech Monedo files for bankruptcy amid pandemic pressure
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Germany-based Monedo, a lending startup that was once valued at €230M ($273M), has filed for bankruptcy.
Read MoreSquare creates nonprofit to cull patent hoarding in crypto space
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Payments company Square this month created a nonprofit called the Cryptocurrency Open Patent Alliance (COPA). Its goal is to promote open-source frameworks that encourage innovation.
Read MoreJane Fraser to become CEO of Citi next year
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Citibank has named Jane Fraser to become CEO of the megabank. She will assume the role once current CEO Mike Corbat retires in February.
Read MoreDescartes Underwriting secures $18.5M to evolve insurance models
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Paris-based insurtech Descartes Underwriting secured $18.5 in Series A funding to evolve its technology-based risk and underwriting tools.
Read MoreWealthsimple gets regulator’s nod to test crypto platform
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Wealthsimple, a Canadian robo-adviser that also operates in the U.S. and the U.K., received conditional approval from Canadian Securities Administrators to test a cryptocurrency platform over a two-year period.
Read MoreSEC: Insurtech Unicorn Lemonade Files To Go Public, Here's What You Need To Know
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Lemonade filed its S-1 with the Securities and Exchange commission yesterday for an initial public offering.
Read MoreBuoyed by deposit growth, Goldman considers AI assistant for online bank Marcus
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Goldman Sachs’ digital bank Marcus is on the cusp of rolling out new offerings, including a checking account and possibly an AI assistant, per a report from Business Insider.
Read MoreEmpower to acquire robo-adviser Personal Capital for nearly $1B
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Empower Retirement, a subsidiary of Canada-based financial company Great-West Lifeco, will acquire robo-adviser Personal Capital for $825M on closing and up to $175 million for planned growth.
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