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The fintech industry is full of innovation, and it’s moving at a fast pace. We spoke with leading fintech minds on what they’re keeping an eye in 2019, as part of the #FinovateLive Digital Week.
Banking technology giant FIS is acquiring payments firm Worldpay via a cash and stock combination – bringing Worldpay’s enterprise value to approximately $43 billion (including the assumption of Worldpay debt, which FIS expects to refinance), reports Henry Vilar of Fintech Futures (Finovate’s sister publication). According to Bloomberg, FIS is spending $34 billion on this purchase. “Scale Read more…
IBM has unveiled a global blockchain network, Blockchain World Wire, that will offer near real-time cross-border payment exchange and international settlement. Blockchain World Wire can transfer funds in 47 currencies to locations in 72 countries, and the company is calling it the first blockchain network of its kind to integrate payment messaging, clearing and Read more…
LendingFront, Veridium, and Voca.ai are three of the seven companies recently selected to participate in Mastercard’s startup engagement program, Start Path. The accelerator program works with startups from a variety of fields ranging from banking and biometrics to data intelligence and security. Participating companies will access Mastercard’s worldwide ecosystem and leverage their new relationship with Mastercard Read more…
With the stock market in rally mode and up significantly from the Christmas Eve lows, micro-investing fintech startup Stash is celebrating the occasion with a $65 million fundraising. The Series E was led by an unnamed private institutional investor and featured participation from current investors including Union Square Ventures and Breyer Capital. The new capital Read more…
Just a few weeks after revealing a pair of new credit union clients, Fiserv is back in the fintech headlines. The company announced that NationalLink will deploy Fiserv’s CorPoint cash supply chain management software to help maximize its use of smart safes. This will include gaining the ability to access smart safe data regardless of location. Read more…
PayActiv’s campaign to transform traditional payroll and help workers get access to earned pay when they need it just won a big new ally. The company announced late last week that it was partnering with Visa and will leverage the company’s Visa Direct real-time push payments platform to enable PayActiv’s partner businesses to offer real-time Read more…
London-based money management app Emma is the latest company to partner with global data aggregator Salt Edge. The integration will enable Emma users to securely connect their accounts – whether for debit, credit, e-wallet, savings, mortgage, cryptocurrency, or insurance – from banks throughout the U.K. “We started Emma on a mission to help millions of Read more…
Swedish SME lender DBT Företagslån is the latest fintech to team up with cloud banking leader nCino. The Stockholm-based company will leverage nCino’s Bank Operating System to automate and digitize its own workflows, as well as enhance its customer journey. DBT Företagslån CEO Alexis Kopylov underscored the importance of the latter in a statement announcing Read more…
Canada’s Voleo is teaming up with the Nasdaq once again to promote financial literacy and awareness among college-age students. The Best of Show winning social investment platform and the Nasdaq have announced this year’s Student Equity Trading Competition – with cash prizes and the opportunity to attend a Nasdaq market opening for the winners. “We Read more…
Malicious activity from cybercriminals tends to dominate the conversation about cyberfraud. But “friendly fraud” – the kid inappropriately making purchases on a parent’s credit card, for example – costs merchants more than $15 billion a year in chargeback losses. Add to this both legitimate chargebacks on one hand and sophisticated criminal organizations that exploit chargeback Read more…
ACI Worldwide has signed an agreement to acquire Speedpay, Western Union’s U.S. bill pay business, for $750 million in an all-cash transaction, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). This news follows ACI’s acquisition of technology assets from RevChip and TranSend, both developers of terminal payment apps and management platforms. The ACI and Speedpay Read more…