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Mersch: ECB Will Focus On ‘Game Changer’ Retail CBDC

PYMNTS

Speaking at a virtual conference about the future of money, European Central Bank (ECB) executive board member Yves Mersch said a retail central bank digital currency (CBDC) is a game-changer. “A However, a retail CBDC, accessible to all, would be a game-changer, so a retail CBDC is now our main focus.”. We have to be ready.

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Prosper Shutting Down Secondary Market For Loans Later In October

PYMNTS

Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. The company doesn’t operate the secondary market itself but outsources to FOLIOfn, which is operated and maintained by FOLIOfn Investments, which is a registered broker dealer.

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VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

PYMNTS

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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Robinhood Faces Another Service Interruption Due To Technical Issue

PYMNTS

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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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

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Generation Life launches lifetime annuity solution using GBST’s Wealth Management technology

Bobsguide

Generation Life CEO, Grant Hackett OAM , said: “Working together with the GBST team, we have been able to improve and expand our financial technology capabilities to allow us to build out an innovative solution for the retirement income market.

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Airbank and Klarna Kosma collaborate for international expansion

The Paypers

Germany-based Airbank has announced a strategic partnership with Klarna Kosma , the BNPL provider’s financial technology platform for banks, fintechs, and innovative retailers to accelerate the growth on the European market.