article thumbnail

SoFi To Buy Galileo Financial Technologies In $1.2B Deal

PYMNTS

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. Galileo CEO Clay Wilkes said in the announcement, “SoFi has built a very strong diversified financial services company focusing on a full suite of financial services. I think it’s very powerful.”.

article thumbnail

OCC’s New Office of Financial Technology Portends Increased Supervisory Activity

CFPB Monitor

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition

PYMNTS

billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. The company has already integrated with about 15,000 banks in Canada and the United States. As we explained to the DOJ, Plaid is not a payments company.

US 343
article thumbnail

Equifax Buys Commercial Credit Data Company Ansonia

PYMNTS

Equifax , the Atlanta-based financial technology company, has purchased Ansonia Credit Data , a commercial credit data firm. Equifax said the addition of Ansonia’s data will complement its commercial databases of SMB loans, leases and credit lines including the Equifax Commercial Financial Network (CFN) and PayNet database.

Data 167
article thumbnail

Digital mortgage application company Blend raises $130m to expand bank partnerships

Bank Innovation

As banks continue to partner with financial technology companies, digital mortgage application company Blend is hoping a major fundraising round will help create new partnerships.

Company 170
article thumbnail

Corporate Payments Firm AccessPay Secures US Backing

PYMNTS

based corporate payments and treasury technology company AccessPay , reports in The Telegraph said on Sunday (Jan. million for the company, marking one of the biggest investment rounds for a FinTech company in Northern England. investors have placed new funds with U.K.-based ” Beringea, based in both the U.K.

Security 143
article thumbnail

Today In Payments Around The World: UK To Make Firms Pay Small Businesses In 30 Days; Singapore’s Grab Considers US IPO

PYMNTS

UK To Require Companies To Pay Small Businesses In 30 Days. Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion. Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. initial public offering (IPO). Walmart is working with Western Union to provide in-store payments and transfers.

US 133