AppBrilliance raises $3M to grow API-based payment tools
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Fintech News Stories
India opens antitrust investigation into Google Pay
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India’s antitrust body opened an investigation into the Google Pay app, alleging it was abusing its market position and forcing developers to use it. India’s probe comes weeks after the U.S. Department of Justice (DOJ) filed an antitrust suit against Google for alleged illegal monopolization of the search and ad markets.
Read MoreSchwab expands client options for charitable giving
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Schwab Charitable, the wealth management firm’s provider of donor-advised funds, launched new features to enhance client access to charitable giving, including a socially responsible fixed income pool, and the elimination of minimums on initial and subsequent contributions to donor-advised fund accounts.
Read MoreCoverHound acquired by insurance broker Brown & Brown
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Digital insurance marketplace CoverHound was acquired by Brown & Brown for undisclosed terms, the companies announced on Monday, November 9.
Read MorePablo Escobar’s brother is suing Klarna in the US, with hopes to scuttle its expansion
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Sifted reports that a company run by the brother of deceased Colombian drug lord Pablo Escobar is suing point-of-sale lender Klarna for millions.
Read MoreDOJ files antitrust lawsuit challenging Visa’s efforts to acquire Plaid
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The Department of Justice (DOJ) filed an antitrust lawsuit in California challenging Visa’s planned acquisition of data aggregator Plaid.
Read MoreInvestors and banks focus on conversational AI amid pandemic restrictions
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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 MoreElection uncertainty leaves industry at a crossroads
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The future of several critical financial industry issues hangs in the balance with the lack of a clear U.S. election result.
Read MoreInsurtech Cover Genius expands network through deal with logistics solutions provider
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Cover Genius, a New York-based insurtech that focuses on covering e-commerce consumers, entered into a partnership with logistics solutions provider Descartes Systems Group.
Read MorePayPal rides digital adoption wave with user uptick and product growth plans
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PayPal reported third quarter earnings this week, in which it reported strong user growth and future plans for its digital financial product suite.
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Lawmakers introduce bill to create national public banking system
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Democratic lawmakers Alexandria Ocasio-Cortez (N.Y.) and Rashida Tlaib (Mich.) last week introduced the Public Banking Act, which would allow for the creation of federally chartered and supported public banks.
Read MoreNerdWallet acquires Fundera, and Square reportedly in talks to buy Credit Karma’s tax-prep business
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Financial product marketplace NerdWallet acquired Fundera, a platform that allows small business owners to compare loan offerings.
Read MoreSoFi wins OCC preliminary approval for banking charter
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Personal finance and lending fintech SoFi obtained a green light from Office of the Comptroller of the Currency (OCC) for its bank charter application three months after applying.
Read MoreInsurtech Steadily launches, aiming to take the pain out of landlord coverage
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Fresh off a $3.8M seed funding round, Austin-based insurtech Steadily launched to help landlords insure their occupied properties.
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