The Road Is “Wide Open” for Fintech as It May Become Primary Mode for Offering Financial Services, Says Malaysia’s Central Bank Asst Governor by Omar Faridi

Democrat Members of House Committee on Financial Services Send Requests to President-Elect Biden Including Madden v. Midland Change, Rescind CFPB Sandbox, Stop Banks from Holding Crypto

Yesterday, the Democratic members of the Committee on Financial Services, led by Chairwoman Maxine Waters, published a letter addressed to President-elect Joseph Biden demanding that the incoming administration should prioritize the elimination of certain rules and regulations on day one of his presidency. In a… Read More

Indian Fintech MobiKwik, which Offers Digital Credit and Payment Cards, Secures $7M with Contributions from InfoSys Co-Founder

Fintech company MobiKwik has acquired Rs 52 crore (appr. $7 million) in capital through an investment round led by Hindustan Media Ventures, the investment division of HT Group. The round included contributions from Infosys Co-Founder Kris Gopalakrishnan’s family office, Pratithi. The funds raised will be… Read More

Indian Digital Payments Fintech PhonePe Branches Out from Parent Flipkart, Will Secure $700M in Capital from Existing Investors

India-based digital payments firm PhonePe has branched out from its parent company, the Walmart-owned Flipkart Group. PhonePe is now valued at an estimated $5.5 billion, the company confirmed on December 3, 2020. According to the announcement, Flipkart will maintain its own majority stake of 87%… Read More

How is Fintech Developing During COVID? The Global COVID-19 Fintech Market Rapid Assessment Study Answers Your Questions

  The Cambridge Centre for Alternative Finance (CCAF) released a report this week entitled The Global Covid-19 Fintech Market Rapid Assessment Study. The report seeks to better understand the development of Fintech during a time of a global pandemic. The research was supported by the… Read More

European Payments & Transactional Services Firm Worldline Announces New Collaboration With Finnish Fintech  P3 Financial Group

Worldline, (Euronext: WLN) a European payments and transactional services firm, announced on Thursday it has formed a new partnership with Finland-based fintech P3 Financial Group. According to Worldline, the duo will make P3’s Payment System as a Service (PSAAS) operational in a total of 13… Read More

BBVA Teams Up With Telefónica to Offer Consumer Loans in Columbia

BBVA announced on Thursday it has teamed up with Telefónica to develop a consumer loan business, Movistar Money, in Columbia. The duo noted that Movistar Money will sell loans to more than 19 million Telefónica clients located in the country. “The new company will benefit… Read More

Fintech “Bootcamp” Introduced at University of South Florida as part of Financial Planning Coursework

Financial advisor Mac Gardner aims to promote Fintech-focused competition so that more consumers are able to interact with financial literacy apps. There’s a new technology-related track in the financial planning curriculum being offered at the University of South Florida. The Fintech Bullpen, a Fintech competition… Read More

Paul Gamble, CEO at Fintech Firm 55ip, Says being Part of JPMorgan will Enhance their Ability to Eliminate Financial Barriers

The Tifin Group, a Boulder-headquartered VC company that focuses on the Fintech sector, has reportedly sold off 55 Institutional Partners LLC, a financial tech firm known as 55ip, to JPMorgan’s asset management unit. 55ip has created tax automation software solutions for investment advisors. The terms… Read More

Argentina based Fintech Firm Ualá to Offer Mobile Payments Services to Small Businesses 

Argentina-based Fintech firm Ualá will be offering mobile payments services to small businesses. Ualá is backed by major investors such as George Soros, Steve Cohen, and Tencent Holdings Ltd. The company confirmed that it will be expanding its operations into merchant services in Argentina. Ualá… Read More

F1 Payments Scores Recapitalization & Growth Investment From York Capital Management

F1 Payments, a U.S.based fintech that’s focused on increasing business velocity for all constituents in the payment ecosystem, announced on Thursday it scored a strategic recapitalization and growth investment from an affiliate of York Capital Management. In conjunction with the transaction, Chad Anselmo, President, has been… Read More

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