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Making A Sizzling Leap Into Digital Banking

PYMNTS

To be the bank, buy the bank. Earlier this week, a FinTech took the leap into the full spectrum of financial services, perhaps paving the way for future mashups. The $185 cash and stock deal would bring an online bank with $1.4 The $185 cash and stock deal would bring an online bank with $1.4

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Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion

PYMNTS

Singapore-based FinTech Grab is mulling a U.S. Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. The bank is expected to launch in early 2022.

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Brazil’s Unicorn FinTech EBANX Pilots Digital Wallet

PYMNTS

Brazil’s unicorn FinTech and payments startup EBANX is trialing a digital wallet, called Ebanx Go, with 10,000 consumers on a test basis, the company announced on Wednesday (Jan. The digital wallet offering is intended to solidify the FinTech’s reach in the Brazilian payments market.

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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 was called Online Banking Report and was read by a sizable portion of major industry players.

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Mastercard: The Role Of ‘Instant’ In Improving Consumer Financial Health

PYMNTS

To improve the financial lives of millions of Americans, speed matters — especially for FinTechs seeking to bring new products to market digitally and to target consumers underserved by traditional banking models. As Choubey told Webster, the FinTech traces its roots to providing financial access to 90 million Americans.

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Tink Gets Investment From PayPal To Expand

PYMNTS

Tink , the Swedish company that enables FinTechs to access customers’ financial data, has received an $11.2 Reuters , citing the companies, reported proceeds from the investment will be used for Tink to expand its team, develop new products and connect more banks. Tink was founded back in 2012. In February Tink raised $62.7

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Seeking Banking Balance Between Physical And Digital

PYMNTS

The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC).