Digital Bank Arival Struggles to Hit $3 Million Goal in Crowdfunding Offer but Reportedly on Track to Top Minimum

Arival, a digital bank that seeks to be crypto-friendly, has apparently only raised $210,000 of a funding round of $3 million on SeedInvest. The securities offering is being cross-listed on Crowdcube which indicates a larger amount of £348,912 being raised on a hurdle of £700,000…. Read More

Square Launches New Feature “Orders API” to Enable Developers to Build Solutions for Online Orders

Payment process platform Square announced last week the launch of its new feature, Orders API, According to Square, Orders API enables developers to build solutions that let buyers place orders online, in-person and in-app. “Orders API enables developers to deliver an enhanced experience to merchants as… Read More

Chase is Planning to Close Stand-Alone Chase Pay Mobile App in Early 2020

JP Morgan Chase announced on Wednesday it is planning to shut down its stand-alone mobile app, Chase Pay, in early 2020. But while the stand-alone app will not available any longer, Chase revealed that customers will soon be able to use Chase Pay in more… Read More

Report: Led by Fintech, UK Tech Sector Attracts More Foreign Investment Than Year Prior, Tops US for Foreign Investment per Capita

A new report published by Tech Nation and Dealroom indicates the UK is experiencing a robust market for investment in early-stage firms. In fact, the UK is going gangbusters in comparison to the year prior. The report states that the UK tech sector has attracted… Read More

Australian Banking Group Westpac Partners With Coupa to Help SMEs Get Paid Faster

Australian banking group Westpac announced on Tuesday it has teamed up with Business Spend Management (BSM) company Coupe to help businesses more efficiently manage their spending within a comprehensive cloud platform. Westpac reported that through the partnership both it and Coupe will enable customers to… Read More

MPOWER Financing Secures $100 Million Loan Facility From Goldman Sachs

MPOWER Financing, a U.S. fintech that provides educational loans to international and DACA students, announced on Tuesday it secured a $100 million loan facility from Goldman Sachs. According to MPOWER, the latest facility brings the total loan financial capital to $200 million. Founded in 2014,… Read More

Bankex Launches MainWallet Commission System

Global fintech BANKEX announced on Tuesday the launch of the alpha version of MainWallet Commission System. This news comes just after the MainWallet test launch group passes the 10,000 user mark. According to Bankex, the objective of the MainWallet Commission System is to stand out… Read More

Wirecard to Collaborate With OYO to Provide Financial Suit For Hotel & Home Booking Payments

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it will be exploring collaboration opportunities to provide a suite of financial services to make payments for OYO hotels and home bookings seamless and hassle-free across several regions in the world, notably, South-East… Read More

Jennifer Lopez & Alex Rodriguez Now Investing in Acorns

Music sensation Jennifer Lopez and her finance/former professional baseball player Alex Rodiguez have invested in micro-investing mobile app, Acorns, according to the Wall Street Journal. The duo will notably join Ashton Kutcher, Bono, and Kevin Durand as fellow investors of the fintech startup. As previously… Read More

Accenture Announces Acquisition of Global Financial Institutions Advisor & Consulting Partners Parker Fitzgerald

Accenture (NYSE: ACN) announced on Tuesday it has acquired global financial institutions advisor and consulting partner, Parker Fitzgerald. According to Accenture, Parker Fitzgerald advises financial services companies on financial and non-financial risk, regulation and financial technology. The company also provides strategic advice, independent assurance, and… Read More

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