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. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3 However, Visa rejects the Justice Department’s claim that that would create an illegal monopoly.
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. banking license.
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BankInovation
NOVEMBER 5, 2020
accusing Visa of trying to buy the financial-technology firm to eliminate an emerging threat to its online debit business. The Justice Department said in an antitrust complaint filed Thursday in federal court in San Francisco that the deal for Plaid […]. Justice Department sued to block Visa Inc.’s
PYMNTS
APRIL 21, 2020
The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up commission-free trading there. The new Hong Kong-based SoFi Invest will also offer “automated investing” along with financial advice and education, per a press release announcing the expansion.
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. the San Francisco-based online bank, had the last laugh. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. ,
PYMNTS
MAY 27, 2020
The CEO of SoFi, the digital personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares. Since then, it has expanded its financial products to offer personal and mortgage loans. In 2019, it launched SoFi Invest and SoFi Money, a cash management account.
PYMNTS
MAY 26, 2020
Checkout.com faces competition from Stripe, a San Francisco technology company that allows businesses to make and receive payments over the internet, and Adyen, a Dutch payment company that provides businesses a way to accept eCommerce, mobile and point-of-sale payments.
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