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Uber Creates Uber Money Team In India With FinTech Focus

PYMNTS

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. billion earlier in January and started in 2008. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported. Zomato was valued at $3.55

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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. As a new national bank, Varo joins the world’s most respected system of financial institutions and has the opportunity to become a household name as many other national banks have become.”.

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Dwolla Partners With Currencycloud On International Payments

PYMNTS

Financial technology company Dwolla has announced it is teaming up with global payments platform Currencycloud so that its clients can facilitate international payments. Launched in 2008, Dwolla has helped move billions of dollars for millions of end-users annually for a variety of businesses.

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Misys Helps Banks Play The Alt-Lending Game

PYMNTS

The financial technology firm revealed it will offer banks access to its peer-to-peer lending technology to help banks compete with younger alternative lenders in the industry. Misys is offering banking clients access to its P2P lending software, reports said Tuesday (Jan.

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Amex, Santander Explore FinTech Using API

PYMNTS

At the same time, they are facing new competition from smaller, nimbler financial technology upstarts that are, in some cases, able to move on a dime to reach customers that traditional banks are often unwilling – or unable – to do business with.

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What SMBs’ Cash-Flow Crisis Means For Fintech

CB Insights

Most alternative lenders, such as BlueVine , and the algorithms their lending decisions rely on are a post-2008 phenomenon. The pandemic has highlighted the critical need for the government to embrace financial technology. As a result, many fintech lenders will see their lending algorithms stress-tested for the first time.

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120 Fintech Unicorns of the 21st Century: November 2020 Update

Fintech Labs Insights

But we achieved a new milestone surpassing the $1 TRILLION-mark in total valuation among the 120 public and private financial technology companies. New in November: Newborns: Verafin , the Canadian anti-financial crime specialist founded in 2003, is set to be acquired by NASDAQ for US$2.75 Virtu Financial. Total = 120.