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Bank Top Lines At Risk Amid FinTech Boon?

PYMNTS

A report earlier this month from Accenture has estimated that the range of financial sector upstarts — from challenger banks to FinTech firms, to new tech firms coming into financial services — will disrupt top-line growth for entrenched financial institutions (FIs). For banks, the landscape is getting crowded.

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Klarna’s Value Hits $10B With Latest Investment Round

PYMNTS

Swedish FinTech Klarna is aiming to raise $500 million as it looks to fuel the expansion of its growing digital payments and online shopping business in the U.S. Founded in 2005, Klarna has previously stated that the U.S. Klarna has also been busy ramping up its operations in the United Kingdom. market, a new report states.

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B2B FinTech Rides High On A Week Of High-Value Investments

PYMNTS

B2B FinTech enjoyed one of its busiest and most lucrative weeks this year so far. The equity, provided by the Ontario Pension Trust, Abu Dhabi Capital Group, Credit Suisse Asset Management and Myer Family Investments, is bolstering the company’s efforts to evolve into more than a FinTech. Five Star Business Finance.

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Instacart To Offer Same-Day Delivery Of Sephora Products

PYMNTS

Instacart, which operates in the U.S. In May, Sephora partnered with Klarna , Sweden’s FinTech startup, to allow shoppers to pay in four equal payments with no interest. Founded in 2005, Klarna is valued at $5.5 The delivery service said it is accessible to more than 85 percent of households in the U.S.

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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

Founded in 2005, the FinTech AffiniPay now processes over $6 billion annually on behalf of 150,000 professionals, according to a news release announcing the appointment. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

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Why Is Qatar Banning Crypto?

PYMNTS

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. India, of course, has said financial firms cannot provide such services, and China has banned the operation of domestic exchanges.

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Ant Financial Names New CEO

PYMNTS

As a continuing restructuring takes hold after Daniel Zhang’s appointment as Alibaba’s chairman, Alibaba Group Holding and Ant Financial, its FinTech affiliate, have announced an executive shuffle. Hu came to Alibaba Group in 2005 and functioned as Ant Financial’s president since November of last year.

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