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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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Elavon Spends $300M For Sage Pay

PYMNTS

Elavon was acquired by US Bancorp in 2001 for $2.1 This acquisition brings tremendous talent and leading technology to Elavon, which can be leveraged across the European market.”. Last year , the Bank of England (BoE) revamped its payments system and was expected to connect with FinTech firms using distributed ledger technology (DLT).

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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. However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena.

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Cloud Payment Processor Volante Teams With Goldman Sachs On Digital Transaction Banking

PYMNTS

Volante Technologies Inc. , the FinTech software company, announced Wednesday (Sept. Volante met our top criteria for an ideal collaborator, modern cloud-native technology, deep payments and transaction banking expertise, and the ability and flexibility to deliver against aggressive deadlines.”.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

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Why Data Centers Will Be FIs' Dodo Bird In Five Years’ Time

PYMNTS

In an interview with Karen Webster, Vijay Oddiraju , founder and CEO of Volante , said that technological agility is critical to creating efficient (and fast) payment systems as FIs pivot to meet the expectations of consumers and enterprises. The modernization roadmap for FIs has changed since 2001, the year of Volante’s genesis.

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Bitcoin Daily: SWIFT India Teams With Blockchain Startup; Giga Watt Files For Chapter 11 Bankruptcy

PYMNTS

SWIFT India , a joint venture between SWIFT SCRL and several banks, plans to test distributed ledger technology (DLT) in partnership with blockchain startup MonetaGo , Cointelegraph reported. The FinTech firm’s technology will reportedly work with SWIFT’s standardized financial messages, which serve the market in India.

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