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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 firm’s offerings can be accessed through desktop, mobile and a tangible debit card. The online personal finance firm will pay total purchase consideration of $1.2 I think it’s very powerful.”.

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Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019.

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The Impact of Technology on Banking: Revolution or Evolution?

Bank Innovation

All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. For quite a long time, traditional brick and mortar banks only had to worry about making money and being profitable.

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Mastercard Leads Investment In Mobile FinTech Mobeewave

PYMNTS

Maxime de Nanclas, COO and co-founder of Mobeewave, said, “Securing strategic funding from organizations with a proven track record of supporting innovation, especially financial technologies, will enable Mobeewave to continue to grow, [and] develop new product offerings and business partnerships.

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Fintech for Kids: Greenlight Raises $16 Million in Series A Funding

Bank Innovation

EXCLUSIVE – Greenlight Financial Technology, a fintech startup for kids, has raised $16 million in a Series A funding round today, Bank Innovation has learned. Greenlight Technology is a combination of P2P and PFM features on a mobile app, and is unusual in that it focuses on children.

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Mitek Upgrades Digital ID Verification With NFC Technology

PYMNTS

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

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More Mobile Banking Does Not Make Customers Happier

Bank Innovation

Here’s a riddle: Does more mobile banking make consumers like their financial institution? That according to a new survey released today by Fiserv, the financial technology company. The answer, alas, appears to be no.

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