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SoFi To Buy Galileo Financial Technologies In $1.2B Deal

PYMNTS

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. The firm’s offerings can be accessed through desktop, mobile and a tangible debit card. The online personal finance firm will pay total purchase consideration of $1.2

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Onespan Publishes Top Ten Predictions for 2021 Focused on Financial Technology

Banking Exchange

OneSpan, one of the leaders in Financial Technology, released its 2021 Security and Fintech Predictions The Economy Technology Tech Management Outsourcing/Cloud Mobile Online Cards Branch Technology/ATMs Security Feature3 Fintech Financial Research Feature Financial Trends.

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More Mobile Banking Does Not Make Customers Happier

Bank Innovation

Here’s a riddle: Does more mobile banking make consumers like their financial institution? That according to a new survey released today by Fiserv, the financial technology company. The answer, alas, appears to be no.

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Mastercard Leads Investment In Mobile FinTech Mobeewave

PYMNTS

Maxime de Nanclas, COO and co-founder of Mobeewave, said, “Securing strategic funding from organizations with a proven track record of supporting innovation, especially financial technologies, will enable Mobeewave to continue to grow, [and] develop new product offerings and business partnerships.

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Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019.

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Mexico And Amazon Reportedly Collaborating On Mobile Payments System

PYMNTS

The Mexican central bank and Amazon are in talks to introduce a government-approved mobile payment system, according to reports. The system would involve users paying for online purchases using QR codes, and it would be the first time Amazon offered the technology in the country. The beta is scheduled to be released this month.

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Tencent, UnionPay Agree On QR Code Standard To Streamline Mobile Payments

PYMNTS

Caixin Global reports that Chinese mobile transaction company Tencent has decided to combine part of its authentication software with government-owned rival UnionPay. Tencent and UnionPay’s working together will enable multiple retailers to interface with a greater number of mobile payment apps without displaying multiple QR codes.

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