February 19, 2020 @ 11:32 am By Samantha Hurst  |  

Japan’s Mitsubishi UFJ Financial Group Inc. (MUFJ) is set to invest more than $700 million in Southeast Asian ride-hailing giant Grab. According to Bloomberg, the MUFG intends to market a range of financial services from insurance to loans to Grab’s users. Founded in 2012, Grab describes… Read More

 Tagged asia, grab, investment, japan, mufg, ride hailing

February 19, 2020 @ 11:12 am By Samantha Hurst  |  

Ally Financial Inc. (NYSE: ALLY) announced on Wednesday it has entered into a definitive agreement to acquire CardWorks, a U.S. credit card issuer focused on the non-prime segment with a complementary full-spectrum unsecured servicing operation that includes third-party servicing and recovery capabilities, in a transaction… Read More

 Tagged acquisition, ally financial, cardworks, credit card issuer, u.s., united states

February 19, 2020 @ 9:21 am By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a leading multinational firm focused on offering financial services technology platforms, has teamed up with Visa, Samsung and PayCore in order to test the use of consumer-grade smartphones as PIN-entry devices for retail sales transactions. The new capability can be accessed… Read More

 Tagged contactless payments, europe, fiserv, john gibbons, middle east, paycore

February 19, 2020 @ 7:25 am By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Wednesday it has appointed Kahina van Dyke as its new Global Head of Digital Channels and Client Data Analytics. According to Standard Chartered, Kahina joins from Ripple where… Read More

 Tagged appointment, banking, financial technology, fintech, kahina van dyke, standard chartered, uk, united kingdom

February 18, 2020 @ 10:25 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday its latest data, which polled more than 600 U.S. small business owners, revealed the majority of small businesses believe their revenue growth underperforms their peers. Specifically, 60% of respondents ranked their revenue growth below the 50th percentile… Read More

 Tagged kabbage, lending, small business, small businesses

February 18, 2020 @ 9:37 pm By Samantha Hurst  |  

Trisbee, a European mobile-based payments platform, is now seeking €250,000 through its equity crowdfunding campaign on Seedrs. The platform is currently offering 12.20% in equity at a €1.8 million pre-money valuation. Launched in 2018, Trisbee is seeking to become a completely independent banking and payments… Read More

 Tagged czech republic, europe, mobile, payment system, prague, seedrs, trisbee

February 18, 2020 @ 9:26 pm By Samantha Hurst  |  

IPSE, an association for contractors, consultants, interims, freelancers and the self-employed, announced on Tuesday it has formed a new partnership with UK digital banking group Starling Bank.  Through the collaboration, Starling Bank and IPSE will help freelancers insulate themselves against problems linked to uncertain cash… Read More

 Tagged freelancer, freelancing, ipse, partnership, starling bank, uk, united kingdom

February 18, 2020 @ 5:35 pm By JD Alois  |  

Mike Bloomberg, the former Mayor of New York City, a successful entrepreneur and a latecomer to the Democrat Presidential Primary, has included cryptocurrencies and Fintech as part of his financial reform platform. According to his campaign website Bloomberg plans to: “promote healthy competition in financial… Read More

 Tagged mike bloomberg

February 18, 2020 @ 5:18 pm By JD Alois  |  

LendingClub (NYSE:LC), the largest online lending marketplace in the United States, has simultaneously announced a GAAP profitable Q4 while revealing it has purchased a federally chartered bank, Radius Bank, thus immediately vaulting the Fintech into the hot digital banking realm. According to a release distributed… Read More

 Tagged banking, digital bank, lendingclub, marketplace, mike butler, online lending, radius bank, scott sanborn

February 18, 2020 @ 1:53 pm By Samantha Hurst  |  

Fintech infrastructure development company Alchemy Technologies announced on Tuesday it appointed former Liberty Lending CEO Walt Ramsey to its Advisory Board. According to Alchemy, Ramsey held various senior leadership as well as executive position at JPMorgan Chase, Lloyds Bank, Experian, GE Consumer Finance, Associates (Acquired by Citigroup) as… Read More

 Tagged advisor board, alchemy technologies, appointment, financial technology, fintech, timothy li, walt ramsey