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NY Fed Creates FinTech Advisory Group

PYMNTS

The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1.

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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.". But after several months of slowing down, IPOs began to flood the market again. IPOs had fallen after the initial onset of the pandemic.

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Goldman spinoff Simon tops $800 million as WestCap invests

BankInovation

Simon Markets, a financial-technology platform that spun out of Goldman Sachs Group Inc., The funding round will enable the New York-based firm, which counts financial advisers as users, to expand into alternatives like private equity and hedge funds, as well […].

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Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched.

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Signature Bank Launches Blockchain Real-Time Payments For Corporates

PYMNTS

New York-based Signature Bank is rolling out a digital payments platform powered by blockchain that enables real-time payments for corporate customers. The financial institution announced on Tuesday (Dec. 4) the launch of its payments platform, Signet, to provide digital payment services for corporate customers.

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TS Imagine Announces Strong Growth and Senior Hires as Demand Surges

Bobsguide

• The financial technology firm expands bookings by 300% in H1 2022 versus prior period. Company hires nearly 100 new staff globally in H1 2022, including senior appointments to support expansion. The expansion has been accomplished through cross-selling products to existing customers and new client acquisition.

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Uber Creates Uber Money Team In India With FinTech Focus

PYMNTS

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. Zomato was valued at $3.55 billion earlier in January and started in 2008.