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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.

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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’s technology platform Galileo , which it acquired in April, has helped position the startup at the nexus of the digital transformation in banking and financial services. The deal would give SoFi a post-money valuation in excess of $8.65

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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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Swift Prepaid, Bitty Pair Up For Virtual Merchant Cash Advances

PYMNTS

Payments company Swift Prepaid Solutions and small business financier Bitty Advance are collaborating on technology to accelerate small businesses’ access to merchant cash advances. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

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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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June’s Top 12 Mobile Pay Moments

PYMNTS

Samsung Pay’s European Debut. On June 2, Samsung Pay officially launched in Spain, bringing the mobile wallet into its first European country. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. ” RIP CurrentC.

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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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