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We’ve seen a widening range of ways that fintechs and financial services companies are responding to the global crisis of climate change. Finovate Best of Show winner Meniga, as just one example, teamed up with Iceland’s Islandsbanki earlier this year to launch its carbon footprint tracking, green banking solution, Carbon Insight. In March, we looked Read more…
When we think of global corporations and business in general, do we feel pride in how we do things? Beyond Good, a new book by Unconventional Ventures co-founders Theodora Lau and Bradley Leimer, is a call to arms for business leaders to recognize how they can do well by doing good. Beyond Good showcases how Read more…
We’re four and a half months into 2021, and we’re already starting to see the fintech and banking industries shake off the 2020 mindset. That’s not to say that companies have left behind their digital agendas that took precedence last year. In fact, it’s quite the opposite. Banks and fintechs have transitioned to apply the Read more…
Mastercard’s announced $850 million acquisition of digital identity firm Ekata is a reminder that there is no way forward in digital commerce without a 21st century attitude toward issues of security and trust. “The shift to a more digital world requires real solutions to secure every transaction and instill trust in every interaction,” Mastercard president Read more…
What’s behind all of the buzz surrounding the recent buy now, pay later (BNPL) trend? We spoke with Jason Pavona, FIS General Manager for North American E-commerce, to get his thoughts on the matter. As the General Manager for North America, Pavona leads FIS’s merchant acquiring commercial efforts in the United States and Canada along Read more…
Plaid to DOJ: No acquisition? No problem. There has been no stopping Plaid since the U.S. Department of Justice put the kibosh on its planned acquisition by Visa at the beginning of the year. Last week, the financial data connectivity platform announced that it was collaborating with fellow Finovate alum DriveWealth. Before that, the company Read more…
New York City-based Rho Technologies has inked a partnership with Sterling National Bank, the principal subsidiary of Sterling Bancorp that specializes in serving small-to-medium sized businesses as well as consumers. Sterling will leverage Rho’s digital Banking-as-a-Service platform, Rho Business Banking, to support its customer growth and expansion objectives. Sterling National Bank’s Matthew Smith, Executive Managing Read more…
When it comes to the competition for investment dollars, Finovate alums are off to their best start to date. Having raised more than $3.3 billion in funding in the first three months of 2021, companies that have demoed their innovations on the Finovate stage are attracting VC capital at the fastest rate in years. In Read more…
Walgreens announced this week it will launch a new bank account offering. The pharmacy chain, in partnership with InComm, is launching a Mastercard debit card to pair with both a mobile banking app and in-person service. Here are a few things to know about the new accounts: Available both on mobile and in-person Unlike most Read more…
Global payments platform Paysafe is making the move to the New York Stock Exchange this week. The London-based company is going public via a merger with Foley Trasimene Acquisition Corp. II, a special purpose acquisition company (SPAC) set up by billionaire business executive Bill Foley. After the deal, which values Paysafe at around $9 billion, Read more…
It’s getting hard not to wonder if Plaid is better off as a bachelor … Last week, we highlighted how the financial data connectivity platform rebounded from its failed union with Visa to launch a range of new initiatives including new offerings (new income verification solution Plaid Income), new partners, and a diversity-oriented accelerator program, Read more…
Not letting any grass grow beneath its feet in the wake of the U.S. Justice department’s decision to block its acquisition by Visa, fintech infrastucture company Plaid has since launched its FinRise incubator to support early-stage founders who are members of ethnic minority groups. “While technology has come a long way to level the playing Read more…