PYMNTS
APRIL 7, 2020
In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. The online personal finance firm will pay total purchase consideration of $1.2 billion composed of shares and cash, according to an announcement.
PYMNTS
JULY 11, 2017
The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?
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PYMNTS
FEBRUARY 29, 2016
Just because businesses are interested and willing to adopt payments innovations doesn’t mean it’s going to happen. Other key players in the adoption curve include government entities and financial institutions, says Bottomline Technologies Managing Director of Digital Banking Norm DeLuca. We do a lot of business in the U.K.
PYMNTS
FEBRUARY 21, 2019
Such is the case in financial services, where “ FinTech ” is often used to describe financial technology vendors. “A A firm that offers financial technology is not necessarily a FinTech,” said Provenir Managing Director Paul Thomas, who thinks the distinction between the two needs to be clearer.
CFPB Monitor
JUNE 5, 2019
Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). Arizona was the first state to create a fintech sandbox and we will soon be publishing a blog post about Utah’s new fintech sandbox.)
Insights on Business
FEBRUARY 19, 2016
This is definitely related to the inflection point that the banking industry is today both from their own inability to drive change for rapid digitization and also to address the threat from non-banking firms. My engagements with a number of global banks of various sizes over the past several months have been on one common agenda.
PYMNTS
APRIL 10, 2020
It’s definitely a “Freakonomics result,” Burkhart said, and not one easily explained. “I Deals have a way of continuing to happen, and this week the FinTech world saw a big one in the form of SoFi snapping up Galileo Financial Technologies for a total price of $1.2 percent to 3.3 percent in our latest survey.
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