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1,636 results 11/21/2019 07:39
PayPal Holdings Inc. will acquire Honey Science Corp. for about $4 billion, its largest-ever acquisition, adding a startup that amasses valuable data on consumer buying habits and doles out coupons for online bargains. About 17 million people use Honey apps or web browser extensions to find discounts at online shopping sites. The startup was profitable […] 11/20/2019 16:42
As the number of digital finance platforms grow, the pool of consumers underserved by the financial system is cause for concern, industry practitioners said at a financial industry conference in New York this week. “There’s a whole host of reasons why we have 50 million Americans who still remain underserved or underbanked,” said Dara Tarkowski, […] 11/20/2019 15:41
U.K.-based digital money transfer company WorldRemit opened its Canadian headquarters in Toronto this week, a move that puts it in the midst of a growing market for cross-border payments solutions among immigrant populations. The company’s Canadian operations were based in Montreal since 2011, but Corey Myckan, Canada country director at WorldRemit, said the company decided […] 11/20/2019 09:28
Robinhood Markets Inc. plans to offer its stock-trading service outside the U.S. for the first time, launching in the U.K. in the first quarter of 2020. The startup, valued at $7.6 billion in its most recent fundraising, received authorization from the Financial Conduct Authority to operate in the U.K. in August, has gained a following among U.S. millennials by […] 11/19/2019 16:58
As large tech and retail brands like Uber, Stash and Walmart roll out banking products, Green Dot is the bank partner, quietly operating in the background. To Green Dot, its platform business is a major growth driver, allowing partners to add banking as a form of transactional glue that engenders loyalty and continued customer acquisition. […] 11/19/2019 16:51
Gulf Coast Bank and Trust, a New Orleans-based bank with $1.7 billion in assets, is using automation technology to speed up loan approval times. The bank is tapping cloud banking vendor nCino to automatically pull information from tax returns when underwriting commercial loans. According to Jason Shields, vice president and loan operations manager at Gulf […] 11/19/2019 14:07
The Clearing House‘s real-time payments network is quickly picking up new bank partners, with Wells Fargo and HSBC joining it to support business transactions this week. Both banks’ corporate and business clients can now send and receive real-time payments through the network. Steve Ledford, senior vice president of products and strategy at The Clearing House […] 11/19/2019 11:39
Billionaire Jack Ma’s Ant Financial Services Group said it may apply for a virtual banking license in Singapore, a move that would add a heavyweight contender to the race. “We are actively looking into this opportunity,“ Hangzhou, China-based Ant Financial said in an emailed response to questions from Bloomberg News. The Monetary Authority of Singapore […] 11/15/2019 16:18
Adyen, the Netherlands-based company that supports back-end payments capabilities for marketplaces like eBay and Etsy, is getting into card issuing. The product allows marketplaces to issue cards to merchants, allowing them to issue virtual or physical cards that can be used online, in-app or in-store. The cards help Adyen to strengthen its relationships with clients, which […] 11/15/2019 12:30
Alberta Investment Management Corporation (AIMCo) is one of Canada’s largest and most diversified investment managers, committed to finding the best investment opportunities from around the world for its clients. To support its strategy of employing innovative, best-of-breed applications via a service-oriented architecture, it has chosen to use Nutanix Enterprise Cloud. The Nutanix environment supports a […] 11/15/2019 11:20
A company that operates quietly in the background of popular financial apps and platforms is taking steps to become more visible. While large consumer-facing fintech companies like Square, Klarna, Affirm and others tout speed and efficiency of their user experiences, card issuing and processing startup Marqeta‘s technology supports their payment capabilities, with its APIs allowing […] 11/14/2019 16:18
Banks need to embrace new customer acquisition models or risk falling behind, a recent Accenture report argued. The report, titled 5 Big Bets in Retail Payments in North America, examined how banks risk losing payments revenue to technology startups and other non-bank competitors. According to Kevin Grieve, North American lead for Accenture Payments, banks should […] 11/13/2019 16:54
Tide, a U.K.-based business banking startup, is integrating with Intuit QuickBooks to save users time and eliminate tedious bookkeeping tasks. With the QuickBooks integration, which will go live by mid-November, small businesses using Tide have their transactions automatically filled out and categorized within the Tide app. While the tie-up with QuickBooks makes banking more convenient […]

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