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SoFi To Buy Galileo Financial Technologies In $1.2B Deal

PYMNTS

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 These are products that many of our leading fintech clients are asking for. I think it’s very powerful.”.

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Onespan Publishes Top Ten Predictions for 2021 Focused on Financial Technology

Banking Exchange

OneSpan, one of the leaders in Financial Technology, released its 2021 Security and Fintech Predictions The Economy Technology Tech Management Outsourcing/Cloud Mobile Online Cards Branch Technology/ATMs Security Feature3 Fintech Financial Research Feature Financial Trends.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. The Congressional House Financial Services Committee held a hearing last fall, “Buy Now, Pay More Later? which is a huge draw to using BNPL as a non-cash payment method.

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European fintechs escape troubles afflicting established banks

Bank Innovation

When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5 billion valuation.

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Where In the World Is Fintech Innovation?

Bank Innovation

Even in fintech. It turns out nations beyond America today are increasingly generating more significant financial technology innovation, especially in artificial intelligence. Location matters. Canada is an example.

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Why FinTech start-ups think they can beat the banks

Chris Skinner

The problem is that old systems and legacy technologies stop the bank moving forward into the nimble and agile future on offer today, and this is exactly what FinTech start-ups believe they can exploit as it is clearly a weakness for the large banks. Some call them legacy, others call them handcuffs, but whatever they are is a problem.

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Fintechs seek US government funds to help make business loans

Bank Innovation

Financial-technology firms including PayPal Holdings Inc. Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc., government funding. and to permit the firms to […].

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