Tagged: us

Silicon Valley Fintech Unicorn Brex’s Co-Founder Says Startup Space Is Booming Again in Post COVID Environment

Henrique Dubugras, Co-Founder at Brex, a Silicon Valley-based Fintech Unicorn, recently noted that companies were forced to cut many jobs and were also more focused on retaining customers following the COVID-19 outbreak earlier this year. Dubugras now claims that the startup space is booming once… Read More

Bitcoin (BTC) has Become Less Volatile than Many S&P 500 Stocks, As it Approaches its All-Time High of Nearly $20,000

Bitcoin (BTC), the world’s leading digital currency that’s trading at over $18,000, has become less volatile than many S&P 500 stocks. The team at VanEck, a New York-based investment management firm, has noted: “Historically, Bitcoin has been discussed in the news and among investors as… Read More

Fintech Innovation Lab in New York Is Accepting Applications for 2021 Training Programs

Although the COVID-19 pandemic has affected the business operations of small and large companies across the globe, it has also accelerated the adoption of all-digital platforms and services. Large banks like Santander and the Lloyds Banking Group have shut down many physical branch locations as… Read More

DTCC Survey: Certain Post-Trade Processing Costs for Cash Securities at Broker-Dealers May be Reduced by 25% via Automation

New York-based Depository Trust & Clearing Corporation (DTCC), a post-trade financial services firm offering clearing and settlement services to the capital markets, recently published the findings of a survey of nine major broker-dealer companies. The survey’s results revealed that various post-trade processing costs for cash… Read More

Chase Bank Enters Buy Now, Pay Later Market with Flexible Payment Plan Options for Purchases Over $100

JPMorgan Chase (NYSE:JPM), the largest bank in the US and sixth-largest in the world in terms of assets, is reportedly planning to enter the rapidly evolving Buy Now, Pay Later (BNPL) market. Chase revealed that it will be offering its credit card customers the option… Read More

PayPal Partners with Even, a Salary On-Demand Platform, so that Employees Can Get Paid Early to Meet Expenses

PayPal (NASDAQ: PYPL) has partnered with Even, a salary on-demand platform, so that all of the payment giant’s US workers can get paid early and can also access a budgeting tool via an app. PayPal’s partnership with Even has come after PayPal Ventures took part… Read More

Global Payments Platform Adyen Partners Affirm to Support Flexible Purchasing Plans

Global payments solution provider Adyen (AMS: ADYEN), which claims it’s the platform of choice for many major international businesses, has partnered with Affirm, which provides a payment method that offers consumers a “transparent” way to pay over time via online platforms and in-store. Affirm was… Read More

Former NYSE President Tom Farley, Files for Second SPAC to Acquire a Fintech, Seeks $550 Million

The former NYSE President Tom Farley has filed for a second Special Purpose Acquisition Company (SPAC) initial public offering (IPO). Once again, Farley will be gunning for a Fintech, according to a post on Renaissance Capital. Previously, Farley’s Far Peak Acquisition (NYSE: FPAC) closed on the… Read More

Fintech Firm Truebill Secures $17 Million in Capital to Launch Personal Finance Management App

Truebill has secured $17 million in capital through a Series C investment round in order to help it with growing from a subscription management service to a comprehensive personal financial management (PFM) app. Truebill’s round was led by Bessemer Venture Partners. Eldridge, Cota Capital, Firebolt… Read More

Prashant Fuloria: CEO at Fundbox Explains how Fintech Platforms Can Leverage Machine Learning to “Democratize” Access to Funding

  We recently connected with Prashant Fuloria, CEO at Fundbox,  an AI-driven credit platform for B2B commerce. Fundbox focuses on “disrupting” the $21 trillion B2B commerce market by developing the first B2B payment and credit network. Sellers (of all sizes) are able to use Fundbox’s… Read More

Texas-based Fintech AppBrilliance, which Offers Payments and Money Movement Software, Secures $3 Million in Seed Funding

    Texas-based Fintech firm AppBrilliance, which offers an open payment platform, has acquired more than $3 million through a seed funding round that was joined by Studio VC. Headquartered in Austin, AppBrilliance aims to disrupt the $4 trillion payment processing sector by offering non-custodial… Read More

Qatar Development Bank CEO Says Country will Work with US Firms to Diversify its Economy, Supported by Fintech and Digital Technologies

Qatar’s private sector is now ready to work cooperatively with US-based companies and businesses, according to Qatar Development Bank CEO Abdulaziz Bin Nasser Al Khalifa. As previously reported, the Qatar Development Bank (QDB) offers financial services, banking, and loans to support the development of the… Read More

Nasdaq CEO Adena Friedman Says COVID-19 Is “Fundamentally Accelerating” Adoption of Fintech and Software as a Service Solutions

Adena Friedman, CEO at Nasdaq, the world’s second-largest stock exchange with a market cap of around $17 trillion, notes that the COVID-19 pandemic is “fundamentally accelerating” the adoption of Software-as-a-Service (SaaS) solutions. According to Friedman, the current environment has also led to the increased usage… Read More

Money Transfers via Fintech Platforms have Surged due to Increased Adoption of Digital Banking in the US: Report

The transactional value of the US Fintech market is expected to increase at a compounded annual growth rate (CAGR) of 8.6% over the forecast period of 2019-2024, according to a new report. The report from Industry Research states that Fintech is beginning to transform the… Read More

Crypto Exchange Coinbase has Added Support for Civic (CVC), Decentraland (MANA), and district0x (DNT)

San Francisco-based crypto exchange Coinbase has added support for Civic (CVC), Decentraland (MANA), and district0x (DNT). Users of Coinbase.com (for retail traders) can begin trading these tokens. Support for CVC, MANA, and DNT tokens has also been added for Coinbase Android and iOS apps. Coinbase… Read More

Deutsche Börse Finalizes $15 Million Round in Clarity AI, a Fintech Leveraging Machine Learning Tech

Deutsche Börse has finalized a $15 million investment round in Clarity AI, which is a Spanish Fintech company that leverages Big Data and machine learning (ML) to help investors and traders understand the social impact of their investment portfolios. Established in 2017, Clarity AI has… Read More

Chinese Fintech Firm Lufax to Lay the Groundwork for its Global Expansion Over Next 5 Years

Chinese Fintech firm Lufax had been planning to secure $2.36 billion through its US initial public offering (IPO). As previously reported, Lufax was once a top peer to peer lending platform but has since shifted into other areas of Fintech as well as online lending…. Read More

University of Wyoming Establishes Center for Blockchain and Digital Innovation

The University of Wyoming (UW) has launched a Center for Blockchain and Digital Innovation. As mentioned on UW’s website: “Wyoming is a pioneer state known for firsts. In recent years, the state passed groundbreaking legislation to create a regulatory environment to foster blockchain application growth… Read More

Verizon Wireless Introduces Blockchain based Verification System for Verifying Information in News Releases

Verizon Wireless (NYSE:VZ), an American telecommunications firm that offers wireless products and services to 119 million+ subscribers, confirmed that it has launched Full Transparency by Verizon, a blockchain-powered, open-source newsroom product “designed to raise the bar for corporate accountability.” According to a release, the initiative… Read More

Nick Catino from TransferWise Suggests that the US Should Allow Payment Firms to Directly Access Payments Systems

Nick Catino, Head of Policy at TransferWise (Americas), recently commented on why he thinks the United States should allow payment firms to take part “directly in payment systems.” At present, access is limited to depository institutions, Catino explains. He notes that payment firms are unable… Read More

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