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VCs And SPACs Raise $1B+ To Invest In Cloud, AI And More Despite Pandemic

PYMNTS

Despite wide-ranging economic uncertainties and a challenging investment environment, venture capital (VC) firms and special purpose acquisition companies (SPACs) are actively raising or seeking fresh funds for investment in the payments space. It also plans to invest in companies where technology is a clear differentiator.

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Financial Conferences this Fall Showcasing New Ideas and Innovation

William Mills

I’ll admit it, I really do look forward to the fall conference season. Alternative lenders are learning more about fraud to their dismay and access to capital. The Finovate Fall 2016 conference will celebrate their 10th anniversary September 8-9 in New York. I hope to see you at a conference soon, Scott Mill. MBA Annual.

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Marqeta Expanding Overseas, Sets Up Shop In The UK

PYMNTS

financial technology startup backed by Goldman Sachs , is expanding overseas. During an interview at a conference in Las Vegas Jason Gardner, the founder and chief executive of Marqeta, said the U.K. Marqeta , a U.S. In addition to Goldman Sachs, Marqeta is backed by Visa. The expansion into the U.K.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

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OnDeck Launches ODX To Help Banks Lend To SMBs Online

PYMNTS

OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Raj Kolluri, the financial technology executive, was appointed the head of ODX’s product and technology, joining ODX from SS&C Primatics, the software company, noted Reuters.

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

PYMNTS

Separately, the Securities and Exchange Board of India (SEBI) is in the midst of plans for a “sandbox” that will help boost FinTech efforts for capital markets, as reported by The Hindu. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

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Corporate Treasurers On The Lookout For FinTech, PSD2 And Brexit

PYMNTS

Corporate treasurers gathered for the Association of Corporate Treasurers (ACT) annual conference last week, and there, treasury professionals made clear where their priorities stand today. and Europe gathered for the conference. and Europe gathered for the conference. Nearly a third (31.1

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