December 5, 2020 @ 4:46 pm By JD Alois  |  

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

 Tagged house financial services committee, madden v. midland, maxine waters

December 5, 2020 @ 3:00 pm By Omar Faridi  |  

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

 Tagged bipin preet singh, digital payments, ht group, india, investment round, mobikwik, piyush gupta

December 5, 2020 @ 1:15 pm By Omar Faridi  |  

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

 Tagged digital payments, flipkart, flipkart group:, india, investment round, kalyan krishnamurthy, PhonePe, sameer nigam, wal mart, walmart

December 5, 2020 @ 10:00 am By JD Alois  |  

  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

 Tagged ana fiorella carvajal, cambridge centre for alternative finance, caroline freund, ccaf, coronavirus, covid-19, global covid-19 fintech market rapid assessment study, karsten wenzlaff, matthew blake, tania ziegler, world bank, world economic forum

December 4, 2020 @ 10:44 pm By Samantha Hurst  |  

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

 Tagged europe, finland, p3 financial group, partnership, payments, transactions, worldline

December 4, 2020 @ 10:33 pm By Samantha Hurst  |  

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

 Tagged bbva, columbia, consumer loans, loans, partnership, South America, telefonica

December 4, 2020 @ 7:12 pm By Omar Faridi  |  

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

 Tagged emoney, financial literacy, financial management, financial planning, fintech adoption, fintech education, florida, mac gardner, miami, united states, us

December 4, 2020 @ 7:08 pm By Omar Faridi  |  

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

 Tagged acquisition, automated tax software, fintech adoption, jed laskowitz, jpmorgan, paul gamble, tax software, tifin group, united states, us, vinay nair

December 4, 2020 @ 6:10 pm By Omar Faridi  |  

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

 Tagged argentina, Buenos Aires, digital transactions, digtal payments, fintech adoption, mobile payments, Pierpaolo Barbieri, South America, uala

December 4, 2020 @ 5:11 pm By Samantha Hurst  |  

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

 Tagged f1 payments, fintech, investment, u.s., united states, york capital management