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Why P2P Could Soon Play A Leading Role In Middle East FinTech

PYMNTS

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. Despite lending £6.7

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

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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Checkout.com Buys Australian Startup Pin Payments

PYMNTS

The purchase allows Checkout access to Australia’s $33 billion eCommerce market and expands the company’s reach in the Asia Pacific region of the globe. Bissett said Pin Payments was born out of a desire to offer businesses a simple way to get paid online and be on a level playing field with the competition.

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China’s Wanwu Xinxuan eCommerce Platform Lands $20M; Experian Acquires FinTech Startup To Enhance Open Data Offering

PYMNTS

Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories. Look Who’s Charging Founder Stuart Grover added: “We are extremely excited to combine the technology and data we have built to support the Australian banks with Experian’s market-leading open data technology.

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US Dept. Of Commerce Pegs China As 2017 FinTech Leader

PYMNTS

In looking ahead at the near-term emergence of FinTech markets, the U.S. Department of Commerce’s International Trade Administration said in its “ 2016 Top Markets Report Financial Technology ” that Asia will hold sway over other regions. percent and online borrowing at 5.6 percent and online borrowing at 5.6

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Wirecard, Ctrip Roll Out Multi-Currency Card; Missguided Launches ‘Pay Later’ Option

PYMNTS

Digital financial technology company Wirecard and online travel agency Ctrip are rolling out multi-currency Visa cards to Ctrip customers in China, Wirecard said in an announcement. The card will support currencies from Australia, Japan and the U.S., ”

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Fintech Deals to Watch: Back to School

Gonzobanker

Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B. Keep an eye on the initial banks working on these projects. Digital Engagement Had Great Attendance and Extracurriculars.

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