article thumbnail

FHFA announces Office of Financial Technology

CFPB Monitor

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

article thumbnail

FinTech, Cirdan Capital Selects Axia by Profile to advance their operations

Bobsguide

Profile Software , the leading financial solutions provider, announced today the selection of Axia by Cirdan Capital, a financial technology company in the UK founded in 2014, that specialises in the issuance of structured investment products, to complete the proprietary technology of its platform.

Capital 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SoftBank Reportedly Tapping Into Online Used Car Trend

PYMNTS

Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. Used Vehicle Trends. L Catterton, General Catalyst Partners, Fraser McCombs Capital and individual investors also participated in the round. million in a previous round.

Trends 115
article thumbnail

Alipay Rides The Payments Licensing Trend In Europe

PYMNTS

One of the more recent examples comes from London-based financial technology startup Revolut , which is reportedly “the first London-based FinTech to receive a European banking license.” The company said its capital value has jumped from 280 million pounds in 2017. Monzo recently achieved a valuation of $1.3

Trends 185
article thumbnail

More Bank-Fintech Partnerships Emerge as Groups Embrace Digital

Banking Exchange

Customers Bank, Capital Bank and Community 1st Credit Union among the latest to embrace financial technology Technology Financial Trends Payments Feature3 Fintech Feature Lines of Business Tech Management Mobile Online Cards Blockchain PPP Covid19 Community Banking.

Fintech 78
article thumbnail

VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

PYMNTS

Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". SPACs began to trend upward later in the summer as companies looked to save time and money. IPOs had fallen after the initial onset of the pandemic.

article thumbnail

Singapore Eases Regulations Over Venture Capitalists

PYMNTS

Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. Singapore’s central bank will no longer require venture capital managers to appoint directors that have at least five years of fund management experience as they have been.