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Bitcoin Daily: Nigeria’s Crypto Market Surges; Alleged Crypto Capital Operator Charged With Fraud

PYMNTS

Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb. This is in addition to charges of bank fraud, an unlicensed money transfer operation and conspiracy. For this reason, it’s difficult to ascertain exactly how much trading is done.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

He pointed to brands and merchants like Dunkin and Dollar General, marked by underserved populations that could benefit by better economics than has been seen with prepaid cards or payday lending. But a national charter would allow for a uniformity of presence and market scope. Looking Toward The Blockchain . The Charter Advantage .

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Perficient to Present at Fintech Generations 2021

Perficient

In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses.

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How to Set Your Strategic Planning Time Horizon

South State Correspondent

Banks consistently produce under their cost of capital. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. As an industry, we misallocate capital. However, if you want to build a legacy institution, then your capital should be longer.

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Today In Payments Around The World: LinkAja Closes Grab-Led $100M Series B; Kuda Lands $10M For Mobile-First Services

PYMNTS

LinkAja, an Indonesian FinTech, closed a Grab-led Series B funding round that had participation from Mandiri Capital Indonesia, BRI Ventura Investama and Telkomsel. Over 80 percent of the upstart’s 58 million-plus registered users are from tier 2 and tier 3 cities in the nation.

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Fifth Third Links Rejected Business Borrowers To Alt-Lender

PYMNTS

The combination of Fifth Third Bank’s renowned brand, customer reach and great products with our digital lending platform will allow us to collectively serve the Bank’s customers with best-in-class products and a best-in-class customer experience.” Graziano continued, “This collaboration does exactly that.

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Alexa Fund Invests $5M In Parking Startup

PYMNTS

ParkWhiz announced it has received an additional $5 million in equity to its recently-announced Series D financing, bringing the total funding round led by NewSpring Capital to $25 million. In addition, the company also operates its own two consumer-facing brands —ParkWhiz and BestParking—available for Apple, Android and Amazon Alexa.

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