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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 online personal finance firm will pay total purchase consideration of $1.2 billion composed of shares and cash, according to an announcement.

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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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China plans online payment rules that may hit Ant, Tencent

Payments Source

China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group and its biggest rival Tencent Holdings.

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This week’s podcast episode: Using financial technology to improve consumers’ financial health, a conversation with special guest Leigh Phillips, President and CEO of SaverLife and Chair of the CFPB’s Consumer Advisory Board (CAB)

CFPB Monitor

SaverLife is a national non-profit sponsored by some of the nation’s leading financial institutions that uses financial technology to improve the financial health of low- to-moderate income consumers by incentivizing savings through prizes, rewards, expert resources, and gameplay.

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SoftBank Reportedly Tapping Into Online Used Car Trend

PYMNTS

Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. Consumers who want to sell their cars via that platform reportedly seek an online price estimate. “If The latest news from SoftBank confirms the growth of used cars online.

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Citi Teams With Cachematrix To Revamp Online Investing Experience

PYMNTS

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. Cachematrix is excited to power Citi’s Online Investments portal with our best-in-class financial technology.

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Fintech Launches SaveBetter, an Online Savings Marketplace

BankDeals

The German financial technology company Deposit Solutions launched an online savings marketplace in the US late last year called SaveBetter.com.

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