Finovate is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
A number of Finovate alums made international fintech headlines this week. Open banking specialists were particularly active, with Canada’s Salt Edge inking partnerships with fintechs in Ireland, and Sweden’s Tink announcing an acquisition of credit decision solution provider, Instantor. “We will be able to get a full suite of bank data for any regulated lender Read more…
The ways that ride-sharing companies in Asia have leveraged their platforms to bring a variety of financial services to underserved communities is one of the more noteworthy – and unexpected – developments in the evolution of fintech in the region. Many people are familiar with Grab, the car-sharing and food delivery company founded in 2012 Read more…
From the arrival of disruption to the shores of the wealth management industry to the eagerness of Asia’s large e-commerce platforms to bring credit to the region’s overlooked consumers and small businesses, Day Three of FinovateAsia Digital continues to provide some of the most insightful commentary on fintech trends in the Asia-Pacific region. Today we Read more…
Berlin, Germany-based “tech company with a banking license” solarisBank has secured $67 million in funding (€60 million). The Series C round was led by HV Holtzbrinck Ventures and Storm Ventures, and featured participation from a wide number of investors including BBVA, ABN Amro, SBI Group, Global Brain, Hegus, and Lakestar. Also participating in the oversubscribed Read more…
Predictive analytics innovator Stratyfy is one of ten companies selected to participate in the incoming cohort of FIS’ 2020 Fintech Accelerator program. “The ten companies selected for the fifth year of FIS’ Accelerator program bring a wealth of promising ideas and technologies,” FIS Chief Growth Officer Asif Ramji said. “We look forward to working with Read more…
This is a guest post written by Shannon Flynn, managing editor at ReHack.com. Amid the market instability caused by COVID-19, a major shift seems to be taking place in the crypto industry. After years of false starts and criticism from the banking sector and traditional financial institutions, new partnerships and legislation seem to suggest the Read more…
U.K.-based peer-to-peer lender Zopa announced this week that it has been awarded a full U.K. banking license and will move forward with its plans to launch a digital bank. The bank will offer the Zopa Fixed Term Savings Account, which features FSCS protection up to £85,000. Zopa plans to introduce a credit card later this Read more…
To speake of the woe that has befallen Wirecard … The international fintech community received an unexpected jolt on Friday on news that the CEO of Wirecard, Markus Braun, was stepping down. Braun’s resignation comes amid reports that the German digital financial platform he has led since 2002 cannot account for $2.1 billion in cash, Read more…
Facebook-owned messaging giant WhatsApp announced today that users in Brazil can now send payments within its app. The digital payments capabilities, powered by Facebook Pay, will allow users to send P2P payments to friends for no fee. The app also facilitates payments between WhatsApp users and businesses, but charges the business a 3.99% transaction fee. Read more…
Courtesy of a round featuring new investor WSV – a joint venture fund of Walden International and Korean firm SKTA – online financing solutions marketplace BankBazaar has raised $6 million in new equity funding. The company will use the capital, which adds to an existing Series D round, to help market its contactless personal finance Read more…
How has COVID-19 impacted fintech funding in the first half of 2020? Writing about fintech funding in the first quarter of 2020, CB Insights painted a bleak picture of how the global health crisis and its economic effects have put a pall on VC investment in fintech around the world. “Worst first quarter for funding Read more…
Cloud banking platform provider NYMBUS, which demonstrated its SmartLaunch banking-as-a-service solution at FinovateFall last year, has partnered with Pacific National Bank (PNB) to help the Florida-based company launch a digital-only bank, FACILE. “We knew we had to act fast to meet the rising consumer demand for digital banking services,” Pacific National Bank CEO Carlos Fernandez-Guzman Read more…