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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

PYMNTS

The purchase is said to be in line with Sea’s aim to expand its position as a FinTech trailblazer throughout the region. MoMo reportedly intends to use the funds to bankroll plans to become a “super app” as well as to go public in 2025. Shares were reportedly bought from current investors PT Koin Investama Nusantara Ltd.

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Virgin Money, Redspire Team On Business Banking

PYMNTS

Glasgow-based bank Virgin Money has partnered with Redspire , a local FinTech, to help boost its presence in the business account market, according to a report from Daily Business Group. Virgin Money's ultimate goal is to ramp up its regional franchise, time with relationship managers and availability of digital technology and services.

Regional 205
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Deep Dive: How The COVID-19 Pandemic Is Shifting Latin America’s Open Banking Plans

PYMNTS

Open banking has been picking up steam in Latin America for more than two years. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. the region. Open Banking And Digital Readiness.

America 165
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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

billion in value by 2025. Tide , a digital banking solutions provider, issued several updates intended to help SMBs use optical character recognition (OCR) to automatically match receipts with individual transactions. This demand is driving the global expense management software market to reach $6.6 Inside The Playbook.

Tools 141
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Where Does Chime Go From Here?

Gonzobanker

Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. According to the report , Chime has not engaged investment banks to date. How does Chime’s 38 million customer count compare to the established banks? Is it ready for an IPO?

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

market by 2025 prior to the onset of Covid-19. Schools and universities have been updating their infrastructure to incorporate digital alternatives to the classroom for years, leading analysts to predict a $350B market valuation for the edtech industry by 2025 prior to the pandemic. Enterprise virtual reality.

Industry 101