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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. In another bank-FinTech tie-up, J.P. Airwallex Taps Deutsche Bank.

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South Korea's Digital Kakao Bank Prepares For IPO

PYMNTS

In addition, Kakao Bank had rapid lending growth, higher net interest margins and more efforts to increase the proportion of low-cost deposits, according to Samsung Securities analyst Kim Jae-woo, quoted by Reuters. Kakao Pay , the FinTech arm of Kakao Corp. with over 34 million users, is also seeking an IPO, PYMNTS reported.

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Financial Services Platform SoFi Plans IPO Via SPAC

PYMNTS

billion, with the goal of bringing FinTech businesses to public markets. SoFi partnered with Samsung and Mastercard to launch a new cash management account feature with no fees. Founded in 2011, SoFi has worked to leverage lending after the 2008 financial crisis, focusing on student loan refinancing.

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Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

PYMNTS

Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. The Samsung Galaxy S7, which put the mobile division at the top of the heap for Samsung – again.

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Q&A: The Next Leg Of Fintech Innovation

CB Insights

After a difficult first quarter, fintech funding rebounded in a big way in Q2’20. Free Download: State of Fintech q2’20. Fintech funding rebounded in Q2’20 but deal activity continues to fall. Below, we answer some of our readers’ most pressing questions from the webinar on the state of fintech. First name.

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FSB: Tech Giants Will Shake Up Financial Industry

PYMNTS

Banks are expected to increasingly feel competition from FinTech firms as well, but those relationships will mostly be collaborative and complementary. Many companies have moved into the financial space, including Tencent, Baidu, Google, Samsung, Microsoft, Mercado Libre and Vodafone. It announced on Jan. support Apple Pay.

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Credit Union’s Key To Survival: Listen, Learn, Repeat

PYMNTS

BECU and other credit unions have also had to address the emergence of new FinTech companies, firms which are disrupting financial services by offering consumers innovative new options for managing their money. FinTechs: ‘A wonderful threat and opportunity’.

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