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Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

Fintech 170
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Philippines Payments Platform Closes $120M Investment Deal

PYMNTS

Philippines payments startup Voyager Innovations has closed a funding deal worth up to $120 million from existing backers, according to a Monday (April 6) statement from Voyager. Voyager Innovations runs the payments platform PayMaya Philippines. The FinTech firm is taking meetings with new strategic and financial partners.

Payments 136
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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

Lending 150
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10 Top Banking Podcasts You Should be Listening to

Abrigo

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry. keep me informed. Whitepaper.

Community 195
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Investment Tracker: FLYR’s Data Science Shakes Up Travel Industry

PYMNTS

That capital is earmarked toward helping the firm’s balance sheet ahead of new capital rules that go into effect within the next two years. The latest funding round was led by Thrive Capital. FLYR is a data science company that sits at the intersection of travel and financial technology, said Project Manager Andrew Jing.

Industry 100
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LendingClub Settles With SEC, DOJ

PYMNTS

As technology continues to provide more creative means for financial transactions, so, too, must financial technology companies be careful to abide by the rules that ensure stability and fairness in these emerging markets.” LendingClub has agreed to pay a $2 million civil penalty to settle the matter. “As

Lending 135
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2016 CNBC Disruptor 50 Features Klarna, Kabbage, Twilio, and Motif Investing

Fintech Labs Insights

.” Or check with cloud communications and authentication specialist Twilio , a FinDEVr alum ( FinDEVr San Francisco 2015) enjoying its third consecutive year on CNBC’s Disruptors List of companies “whose innovations are revolutionizing the business landscape.”