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PingPong To Enter Europe Via $113M Investment

PYMNTS

According to a report , the Chinese startup PingPong, a FinTech company, will invest €100 million ($113 million) in Luxembourg. PingPong and Luxembourg’s relationship goes back to 2017, when the FinTech startup got a payments license in the region, which allowed it to operate between Chinese outfits and customers in Europe.

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Barclays Corporate Banking Chief Resigns

PYMNTS

Reports on Thursday (May 19) said John Winter announced his retirement and plans to exit his post at the end of the month. Barclays’ chairman of its corporate banking operations, Kevin Wall, will reportedly take Winter’s place as interim head of the unit. and Germany-based credit card operations.

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Venture Capital Funding. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Cardlay, based in the U.K.,

Strategy 109
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The Top 20 Venture Capitalists

CB Insights

For the third consecutive year, we worked with The New York Times to identify and rank the top 100 venture capital professionals from around the globe. 2018 VC Report: AI FUNDING LEPT 29% IN US. Download the CB Insights and PwC MoneyTree Report to see more. 15 of the top 20 operate in the Greater Bay Area. BILL GURLEY.

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A Decline in Personal Savings

TrustBank

While October’s US personal saving report raised a few eyebrows, it’s worth acknowledging that we’re living through a unique period in time. This is interesting because it’s largely in-line with the results of two recent studies by the US Federal Reserve Board ( Report on the Economic Well-Being of U.S.

US 52
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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech. And while the company is famously secretive about reporting customer growth and business metrics, it reported that Amazon Pay had 300M customers in 170 countries through Q1’17.

Cards 101
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Top 5 Total Return to Shareholders: #3 ESB Financial Corporation

Jeff For Banks

It converted to a public company through a Mutual Holding Company conversion in 1990 and performed the second step conversion in 2001. ESB operates like many other thrifts. The CEO describes their success in the 2010 annual report as follows: "Throughout our 95-year history, ESB has continually and successfully responded to change.