PYMNTS
NOVEMBER 5, 2020
“Visa seeks to buy Plaid — as its CEO said — as an ‘insurance policy’ to neutralize a ‘threat to our important US debit business,’” the Justice Department said in its lawsuit, filed in San Francisco federal court. However, Visa rejects the Justice Department’s claim that that would create an illegal monopoly.
PYMNTS
JULY 22, 2020
Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). Brex said the new funding would be used for engineering and design to advance its tools for expense management and procurement.
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PYMNTS
FEBRUARY 11, 2020
In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported. of India (NPCI).
PYMNTS
APRIL 16, 2019
Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region. Bowman remarked at an event, held at the Federal Reserve Bank of San Francisco, that the Fed could foster collaborative action between those smaller banks and FinTech firms. “In
PYMNTS
JULY 31, 2020
Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. As a national charter, the bank can offer credit and cash-flow management, the company said. Varo Bank N.A.
PYMNTS
MAY 27, 2020
The CEO of SoFi, the digital personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares. Since then, it has expanded its financial products to offer personal and mortgage loans. In 2019, it launched SoFi Invest and SoFi Money, a cash management account.
PYMNTS
JULY 30, 2020
The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. The price of the service was not disclosed. “In
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