China: WeiyangX Fintech Review by Xu Gao

Mobile Payments Firm Square Is Preparing to Add Stock Trading to Company’s Cash App

San Francisco-based mobile payments company Square is testing a new feature that allows users to trade stocks through the company’s Cash App.  Square’s employees have been testing out the newly integrated feature, according to Bloomberg. Once it has launched, Cash App users will reportedly be… Read More

OnDeck’s Latest Survey Reveals: Economy is Top Concern for Small Businesses Ahead of 2020 Election

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday its latest survey reveals that the economy is a top concern for small businesses ahead of next year’s presidential election. According to OnDeck, the survey is the first in a series that the… Read More

WePay Announces Same-Day Deposits to Chase Business Bank Accounts

Payment as a service platform and JPMorgan Chase company WePay announced earlier this week same-day deposits to Chase business bank accounts at no additional cost. According to WePay, the new functionality will help tens of thousands of U.S. small businesses that use platforms like BigCommerce… Read More

Monetary Authority of Singapore’s Chief Fintech Officer Appointed Fintech Advisor to India’s Odisha State

The Monetary Authority of Singapore (MAS), the nation’s central bank, announced on Thursday the appointment of its chief fintech officer Sopnendu Mohanty as a digital and fintech advisor to India’s Odisha state, according to a report by the Times of India. In his new advisory… Read More

ASEAN Financial Innovation Network, Bridge+, PwC Singapore to Support Fintech Growth and Development

The ASEAN Financial Innovation Network (AFIN) committed to two memorandums of understanding (MOUs) on September 11, 2019, with Bridge+ and “Big Four” auditing firm PricewaterhouseCoopers’ (PwC) Singapore branch. Managing director of AFIN Manish Diwaan noted: “AFIN is delighted that industry leaders are coming together to… Read More

Based in San Francisco, Fintech Brex is Latest Company to Expand in Utah

San Francisco Losing Fintech Lustre The Utah Governor’s Office of Economic Development (GOED) has announced that Fintech Brex will open its new location in the Salt Lake Valley. The new office is said to create up to 1,000 new jobs over the next seven years…. Read More

Sweden: Fintech Northmill Receives Bank License from SFSA

Europe’s Newest Digital Bank Northmill, a Fintech based in Stockholm, Sweden, has just received a banking license from the Swedish Financial Supervisory Authority (SFSA or Finansinspektionen). Northmill was founded in 2006 and is “building the bank of tomorrow.” According to a blog post, Northmill applied… Read More

Fintech Raisin: Retail Savers Aren’t Safe as ECB Goes Negative with Rates

Raisin, a Fintech platform that allows users to find the best savings interest rate regardless of location, has issued a statement on the European Central Bank’s (ECB) move to drive rates lower. Raisin, commenting on the EBCs recent rate cut, said that “tensions abroad and… Read More

KoreConX Announces New Partnership with Broker-Dealer Payment Infrastructure POSConnect

KoreConX announced on Thursday it has formed a new partnership with broker-dealer payment infrastructure, POSConnect, to provide users with a secure payment solution. KoreConX reported that by using a cloud-driven EMV/NFC payments technology, POSConnect allows investors to complete transactions in an effortless, streamlined capital raising… Read More

Mastercard to Offer Blockchain based Payments in Partnership with R3 Using Corda, Crypto Industry Provides Comments

Mastercard (NYSE: MA) has announced a new partnership with R3 to use their Corda platform to power blockchain-based cross border payments. Corda is a permissioned blockchain that has the support of multiple financial services firms and has been experiencing additional traction. The partnership is said… Read More

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