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Buy Now, Pay Later Still Paying Off: One of 2020’s most unanticipated ecommerce trends, buy now pay later (BNPL) installment payment schemes, continues to show no signs of slowing down as the year draws toward a close. QuadPay, a BNPL innovator based in New York City that we featured earlier this month, just announced that Read more…
Financial-identity-as-a-service (FiDaaS) pioneer – and FinovateFall alum – Juvo announced earlier this week that it is working with Mastercard’s Latin America and Caribbean (LAC) team to bring its FiDaaS platform to financial institutions throughout the region. “Financial institutions across LAC face a dilemma,” Juvo CEO and founder Steve Polsky explained. “Consumers can’t demonstrate their creditworthiness Read more…
Global identity verification and authentication platform AU10TIX teamed up with ride sharing company Uber this week to make rides in certain areas a bit more safe. Under a new program, Uber is requiring users in Mexico, Argentina, and Chile who pay for their ride in cash to scan an official identification such as their voting Read more…
Say hello to Socure’s new CEO! Then again, you’ve probably already met. Johnny Ayers, who co-founded the identity verification company with Sunil Madhu in 2012 and has since served as both Director of Business Development and Chief Product Officer for the New York-based firm, has been named CEO. Ayers will take over from Tom Thimot, Read more…
Mastercard has been busy this week. In addition to finalizing its acquisition of data aggregation provider Finicity, the company is also enhancing its Mastercard Track Business Payment Service. Mastercard launched its Track Business Payments Service in May of this year to help modernize the business payments experience. The overall goal of the initiative has been Read more…
It’s been a tough few weeks for Big Fintech. The Chinese government is dropping the hammer on Ant Group’s IPO. The U.S. Department of Justice is turning up its nose at Visa’s Plaid acquisition. But, meanwhile over at Mastercard, it is quite the sunny Monday, indeed. Why? Because the same DOJ that is giving Visa Read more…
The biggest news in global fintech this week was word that the much-anticipated Ant Group IPO, an initial public offering expected to raise $34.5 billion, had been suspended on both the Shanghai and Hong Kong stock exchanges. Why? According to reports from the Wall Street Journal, Chinese President Xi Jinping himself ordered a halt to Read more…
It’s Veterans Day in the U.S., a day dedicated to honoring the service of the country’s military veterans. Given the long-running military conflicts in Iraq and Afghanistan, the Veterans Day holiday has taken on a special significance for Americans in recent years. And it could be argued that more military veterans have been “thanked for Read more…
Online insurance marketplace CoverHound announced today it has been picked up by insurance brokerage firm Brown & Brown in an acquisition deal this week. Terms of the arrangement, which also includes CoverHound subsidiary CyberPolicy, were not disclosed. With 300 locations, Brown & Brown is the sixth largest insurance brokerage firm in the nation. The company Read more…
ESG investing index funds topped $1,258 billion at the end of September, cementing ESG stock selection into more than just a passing fad. Taking note, digital banking and wealth management Avaloq launched a new offering today to help banks build ESG portfolios for their clients. The tool also facilitates compliance with the EU’s upcoming MiFID Read more…
Embedded finance and payments platform Hydrogen announced a strategic investment today. FINLAB, a new incubator launched by EML Payments, completed what Hydrogen called an “initial investment” that will include a cross-platform integration that will make it easier for firms to offer smart apps linked to both physical and virtual payment cards. “We are thrilled to Read more…
There were many themes that fintech analysts expected to dominate this year. But there were few among them who had “Buy Now Pay Later” (BNPL) on their 2020 bingo cards. From big recent M&A in the BNPL space to the rash of installment payment offerings recently launched by both fintechs and incumbent financial services companies Read more…