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The buy now, pay later (BNPL) trend has been accelerating since the beginning of this year, and today PayPal announced plans to get in on the action. The payments giant is releasing Pay in 4, a short-term payments installment product for U.S. customers. When consumers opt to use Pay in 4, merchants receive payment upfront, Read more…
Chris Papathanassi, Finastra, discusses the two challenges facing lenders: data quality and ensuring a true “golden source” and leveraging real value through data connections
For the second year in a row, Deutsche Bank is teaming up with Google, Atos, TechQuartier to help make a difference for women in fintech. The bank announced the launch of its second Female FinTech Competition this week, featuring a spot in Atos’ Fintech Programme as the competition’s top prize. “The Female FinTech competition is Read more…
The West won the Cold War, says conventional thinking, not via open confrontation, but by making the cost of competition prohibitively high for its adversary. Some of the brightest minds in the digital identity business believe that a similar approach is key to undermining the ability of criminals to profit from cyberfraud. “Eliminating all fraudulent Read more…
Fintech giant FIS has adopted the subscription model that has proven popular in selling everything from wine to digital media to diapers. The Florida-based company launched a subscription core banking solution today called ClearEdge. ClearEdge is geared specifically to serve community banks and offers a bundle of technologies to help them modernize their operations and Read more…
The big card companies continue to make the kind of deals that underscore the importance of fintech to the future of financial services. This week we get confirmation that international payments giant American Express has agreed to acquire SME lender Kabbage. Terms of the deal were not disclosed. Speculation on the deal in recent days Read more…
Earned wage access startup PayActiv closed $100 million today for its technology that helps companies offer their employees their pay on a daily basis rather than wait for their bi-weekly paycheck. The Series C round was led by Eldridge and includes existing investors Generation Partners and the Ziegler Link•Age Fund II. The investment brings PayActiv’s Read more…
Mario Aquino, Founder and Managing Partner of FutureLabs Ventures, looks back at FinovateAsia Digital, and the panel on Financial Wellness: How the Digital Shift In Asia Has Created Opportunities to Better Serve The Underserved.
Adding to the big-bank-to-big-tech partnerships announced in recent weeks, Standard Chartered secured a three-year partnership with Microsoft today. The bank will leverage Microsoft to take a multicloud approach that will port its significant applications to the cloud. Specifically, Standard Chartered is planning to make its core banking and trading systems and digital ventures such as Read more…
For better or for worse, modern society has adapted to expect things instantly. We want a quick lunch delivery, a fast Uber pick-up, and we expect Netflix to buffer our movies in microseconds. Even Amazon’s two-day shipping takes too long. Recognizing the value of the real-time economy, Orum launched its flagship product, Foresight, last week. Read more…
The news that eBay is teaming up with LendingPoint to help finance small merchants on its platform is the latest example of how technology marketplaces are going the extra mile to look after the merchants who make their platforms possible. “We are committed to empowering entrepreneurs to make their dreams a reality and we are Read more…
In a late-breaking announcement on Thursday, Intercontinental Exchange (ICE) announced that it has agreed to purchase mortgagetech platform provider Ellie Mae from Thoma Bravo. Valued at $11 billion, Ellie Mae will add to Intercontinental Exchange’s growing presence as a major workflow solutions provider for the U.S. residential mortgage industry. This growth includes ICE’s acquisition of Read more…