TransferWise is said to be planning a 2021 IPO
/TransferWise, the U.K.-based cross-border payments fintech that’s reportedly valued at $5B, is preparing to go public in the new year, according to Sky News.
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Robinhood to pay $65M civil penalty to settle SEC charges
/Brokerage Robinhood this week agreed to pay a civil penalty of $65M over charges from the Securities and Exchange Commission that it was misleading customers.
Read MoreIslamic fintech Wahed acquires banking app Niyah
/Wahed, a U.S.-based Islamic fintech that offers a compliant investment management platform, has acquired Niyah, a British company that runs a banking app designed for Muslim communities. Terms of the deal were not disclosed.
Read MoreCredit Karma taps Progressive for auto insurance discount program
/Consumer technology platform Credit Karma, widely known as a credit monitoring tool, is boosting its data-focused strategy through a behavior-based auto insurance discount program offered in partnership with Progressive.
Read MoreQuontic Bank launches Bitcoin rewards checking account
/In a holiday season that’s seeing Bitcoin’s value rise, a New York-based community bank is allowing customers to earn Bitcoin rewards through a traditional checking account.
Read MoreGoogle Pay launches merchant cash back rewards, supported by Fidel API
/Google Pay launched merchant cash back rewards through a partnership with U.K.-based startup, Fidel.
Read MoreWealthfront and Betterment prepare for next phases of growth
/Betterment and Wealthfront, two early robo-adviser startups that ushered in a wave of automated investment tools more than a decade ago, are preparing to expand their market share and scale more quickly.
Read MoreCanadian banks double down on personal finance assistants
/TD Bank and CIBC this week announced enhanced capabilities for their AI banking assistants, in a bid to drive engagement and keep customers in their ecosystems.
Read MoreNorthern Trust and Standard Chartered partner on crypto custody solution
/Standard Chartered Ventures, the innovation unit of Standard Chartered, is partnering with asset servicer Northern Trust to launch Zodia Custody, a crypto custody business.
Read MoreU.S. Bank taps Canadian startup Vouchr on Zelle e-greeting card launch
/Zelle, the bank-backed peer-to-peer (P2P) payments network, is going social through the introduction of e-greeting cards. The feature was launched by U.S. Bank this week, and promises to add a ceremonial touch to peer-to-peer transactions.
Read MoreJPMorgan Asset Management acquires fintech 55ip
/JPMorgan Asset Management this month acquired 55ip, a Boston and Mumbai-based fintech that offers tax automation technology for financial advisers. Terms of the deal, expected to close by the end of the year, were not disclosed.
Read More‘Buy now, pay later,’ solution for health care PrimaHealth Credit launches
/PrimaHealth Credit, a Newport Beach, Calif.-based lender, is taking the popular point-of-sale shopping model for retail and applying it to elective medical procedures.
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