PYMNTS

JUNE 18, 2020

In the latest of a string of outages as of the beginning of March, Robinhood Markets Inc. The financial technology company is regarded for helping to make trading in vogue with millennials, Reuters reported. “We said it has fixed a challenge that led to a “major outage” on its platform Thursday (June 18).

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social media Millennials Marketing Financial Technology 174

PYMNTS

APRIL 26, 2018

Mastercard and IFC , a member of the World Bank Group, announced Thursday (April 26) that they have updated a $250 million global risk-sharing facility in an effort to expand access to electronic payments in emerging markets. This partnership will help bring modern financial services to underserved people around the world.

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Marketing Payments Risk Management Groups 121

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. ESMA said they will conclude the inquiry by the end of October.

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Regulation Guidelines Groups Report 141

PYMNTS

JULY 1, 2020

PEPSI promises to rival not only the two credit card giants, but also other financial technology companies including Google , Apple , Alipay and WeChat Pay. . A so-called “scheme manager” will be the central governing body, the online news service reported.

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System Payments Cards Groups 327

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. percent business stake per news in January. of India (NPCI).

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San Francisco Fintech Analytics New York 186

PYMNTS

JULY 7, 2020

Jaffe said sale processes are underway for other international holdings as well as Wirecard’s core business, the news service reported. The 51-year-old executive faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet.

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Fraud Financial Technology Meeting Report 191

PYMNTS

FEBRUARY 14, 2020

The founder of Moven, Brett King, said the new venture would be a “world-class” bank, and that it would set its sights on the Gulf Cooperation Council (GCC) region. STC Pay, which does financial technology work for both companies and individuals, works with the Saudi Arabian Monetary Agency.

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PYMNTS

JUNE 29, 2020

A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported. Markus Braun, Wirecard’s founder and CEO, was arrested last week on charges of manipulating the market and misrepresenting accounts. authorities.

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Taxes Report Financial Technology Digital Banking 223

PYMNTS

JANUARY 21, 2021

In today’s top payments news around the world, Mynt is reportedly seeking more funding following a $175 million round, while WeTrade Group is seeking to raise roughly $121 million in its transfer from the OTC board to Nasdaq. billion market cap. Ant-Backed Mynt Seeks More Funding On Heels Of $175 Million Round. TransferWise, a U.K.

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Policies Payments Groups Bitcoin 149

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. As a new national bank, Varo joins the world’s most respected system of financial institutions and has the opportunity to become a household name as many other national banks have become.”.

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PYMNTS

NOVEMBER 5, 2020

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play. However, Shanghai Stock Exchange put the stop to the listing on Tuesday night (Nov.

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Groups Regulation Lending Financial Technology 189

PYMNTS

OCTOBER 6, 2020

Co-Founder and Partner Dana Settle said the firm plans to keep investing in retail-oriented businesses, although it's also interested in working with health technology, financial technology and grocery-related businesses, Bloomberg reported. But after several months of slowing down, IPOs began to flood the market again.

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Los Angeles New York Financial Technology Trends 294

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.

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Fintech Financial Technology Technology Industry 189

Chris Skinner

JULY 18, 2017

That is the contention of Chris Skinner, Chairman of The Financial Services Club, author of thefinanser.com blog and one of Financial News’ ‘FinTech 40’ most influential people in financial technology. What other global themes should investors be aware of when dealing with the cryptocurrency market?

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Bitcoin cryptocurrency Financial Technology Community 318

PYMNTS

JULY 15, 2020

“The idea here was to give millennials and Gen Z, our target audience, access to a diversified portfolio of new economy companies and gig economy companies,” Noto said. The news comes as Samsung Electronics America, Inc. In April, SoFi said it had come to a definitive arrangement to purchase Galileo Financial Technologies.

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PYMNTS

JUNE 8, 2020

Founded in 2005, the FinTech AffiniPay now processes over $6 billion annually on behalf of 150,000 professionals, according to a news release announcing the appointment. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

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Industry Payments Austin Boston 130

PYMNTS

SEPTEMBER 5, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes details of Amazon’s new plans for India, along with a potential threat to JD.com. There is a new development from the world of real estate payments, and a large social media platform is embracing commerce.

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social media Financial Technology Technology Payments 100

PYMNTS

JANUARY 19, 2021

In today’s top payments news around the world, the United Kingdom is looking to crack down on firms that take too long to pay suppliers, while Grab is said to be mulling a U.S. Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. initial public offering (IPO).

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US Payments Resources National 133

PYMNTS

OCTOBER 23, 2018

In other news, $8 million worth of digital tokens have reportedly gone missing from the cold storage devices of Swiss crypto exchange Trade.io , The Next Web reported. The system, intended to be linked with market infrastructure already in place, enabled participants to settle mock securities with mock central bank cash.

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Bitcoin blockchain Groups System 191

PYMNTS

NOVEMBER 5, 2020

billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. Britain’s Competition and Markets Authority already approved the Visa/Plaid deal in August. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3

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PYMNTS

SEPTEMBER 29, 2020

This will address the opportunity created as the “account-to-account payments market continues to quickly expand,” a press release said on Tuesday (Sept. He added that the new partnership “will provide great benefit not only to banks and central infrastructures” but to merchants, their customers and financial technology companies (FinTechs).

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Payments System cryptocurrency Regional 248

Bobsguide

APRIL 30, 2018

National and regional interests have helped to determine the shape of financial regulations in recent years, but politicians and regulators have acknowledged the need to consider the global nature of markets when constructing them. It could be good news for financial technology providers.

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Fintech Regional Regulation Financial Technology 68

PYMNTS

SEPTEMBER 18, 2020

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

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Los Angeles UX Cards FDIC 231

PYMNTS

JUNE 23, 2020

In today’s top news, former Wirecard CEO Markus Braun was arrested Monday night over the firm’s recent accounting fraud scandal, and Airbnb’s CEO is again mulling a potential initial public offering (IPO). But post-pandemic, the reCommerce market has seen growth as secondhand sales have boomed — even in segments like apparel.

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Payments Survey Innovation Fraud 159

PYMNTS

JUNE 29, 2020

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). Under the terms of the new deal, Mastercard will support EedenBull’s product development and digital services.

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Fintech Cards Regional Management 248

PYMNTS

JANUARY 26, 2021

While Ant calls itself a financial technology company (FinTech), China’s financial regulators are starting to view it as being more like a bank. That’s based on possible proposals from Chinese regulators to curb market concentration in the country’s online payments market.

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Regulation Groups Financial Technology Online 238

PYMNTS

JULY 26, 2020

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.

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Data Google Fintech Groups 173

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

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Lending Fintech Data Wyoming 150

PYMNTS

MARCH 26, 2019

The organization will “provide bank leaders with a high-level platform to establish clear points of contact with senior representatives and thought leaders from the financial technology industry and consumer organizations,” the statement said. The group plans to hold its first meeting on April 1.

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Groups Fintech New York Financial Technology 135

PYMNTS

MARCH 5, 2019

Phone-based banking has had success in other international emerging markets like China, India and Kenya. Mexico’s new government, led by President Andres Manuel Lopez Obrador, is hoping that financial technology can help to lift people out of poverty, and he said that CoDi adoption could mark a step toward that ultimate goal.

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System Mobile Report Payments 173

PYMNTS

OCTOBER 8, 2019

Citi is leveraging a newly formed strategic partnership with Cachematrix to create an online investment gateway for money market funds (MMF), Citi announced in a press release on Tuesday (Oct. The alliance intends to pilot development in the handling of money market funds to automate and simplify investment decisions.

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Online Analytics Tools User Experience 100

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. For more recent notable news around the B2B API payments space, check out the September edition of the Tracker.

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Strategy Report Lending Fintech 190

PYMNTS

JUNE 23, 2020

GME) one of the largest payment financial technology companies in South Korea, according to a Tuesday (June 23) announcement by MoneyGram. Our new partnership with GME, one of the fastest-growing fintech companies in a key market, will further support this strong digital growth.”. Terms of the deal were not disclosed.

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Fintech Dallas Financial Technology Report 250

PYMNTS

OCTOBER 9, 2019

In other news, the SIX Digital Exchange (SDX) announced that it is joining forces with the Swiss National Bank (SNB) on a proof of concept to look into how digital central bank money could be used in the settlement of tokenized assets between market participants. “As We are starting to see more demand pick up in the market,” Lim said.

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Bitcoin San Francisco Taxes Compliance 116

PYMNTS

OCTOBER 2, 2019

While its market capitalization is more than 30 times smaller than bitcoin, Tether’s volume has consistently exceeded it since early August at about $21 billion per day. “If Some of the concerning potential patters of trading in the market may start to fall away.”.

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Bitcoin San Diego cryptocurrency Security 141

PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). billion) in venture capital and the market has been estimated to have grown by nearly 70 percent since 2015.

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Fintech Ohio Financial Technology Innovation 174

PYMNTS

NOVEMBER 17, 2020

Open banking lets third-party financial service companies to have access to a consumer’s banking transactions and other financial data from financial institutions (FIs). Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company.

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San Francisco Digital Banking Financial Technology Innovation 264