Tagged: paypal

LendingClub Appoints Former PayPal Exec Steve Allocca as President

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has announced the appointment of Steve Allocca as President of the online lending company. Allocca will start at LendingClub on May 22, 2017 and will report directly to LendingClub CEO Scott Sanborn. Allocca will… Read More

FIN Opposes Elements of CHOICE Act: Do Not Repeal Debit Reforms

Last week Financial Innovation Now (FIN), an alliance of companies which includes Fintech behemoths innovator Amazon, Apple, Google, Intuit and PayPal, spoke out against language used in the Financial CHOICE Act that would repeal debit swipe fee reform. In a letter penned by FIN Executive Director Brian… Read More

PayPal Launches New Small Business Tool “Business in a Box”

PayPal announced on Monday the launch of its new small business toolkit, Business in a Box. This news comes just after the payment giant revealed its PayPal Working Capital helped over 115,000 businesses around the world access more than $3 billion in loans and cash… Read More

Financial Innovation Now Submits Recommendations to Senators Crapo & Brown as to How to Boost the Economy

Financial Innovation Now (FIN) has submitted their recommendations to Senators Crapo and Brown, the Chair and Ranking Member on the Senate Banking Committee, as to how best to improve Economic Growth. The proposals follow a public request by the two Senators asking members of the public… Read More

PayPal Directors Hit With Class Action Suit from Shareholders Over Venmo

  On March 24, 2017, shareholders of PayPal Holdings Inc., the parent company of mobile-payment provider Venmo, filed a derivative suit against its directors in the District Court of Delaware. A derivative suit is a form of class action in which shareholders can sue company… Read More

Brady Fletcher Wants Your Money, Millennials

Past generations have had their market opportunities; the Baby Boomers the jump in energy prices during the 1970’s and Generation X had the tech boom (and bust) of the 1990’s. But Brady Fletcher says the empowerment-driven Millennials haven’t had their own spring of market luck…. Read More

PayPal Invests in Korean Payment App Toss

Viva Republica, a Fintech startup that provides a P2P money transfer service called Toss, has received a $48 million investment from PayPal (NASDAQ: PYPL), Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures. Toss had previously raised $29 million in earlier funding. The young company… Read More

Financial Innovation Now Tells CFPB to Examine, Not Regulate, Consumer Access to Digital Financial Records

The Consumer Financial Protection Bureau (CFPB), launched an inquiry into consumers seeking access to their financial records.  At the time of the announcement, CFPB Director Richard Cordray stated; “Consumers should be able to use their financial records and account information and securely share access in… Read More

PayPal, Singapore Management University Team Up for Fintech Scholarship

PayPal and Singapore Management University (SMU) have teamed up to establish a fintech scholarship that is worth S$180,000 (over $125,000). The investment is focused on building the talent pool in Singapore for the fintech sector. Six undergraduates at SMU’s School of Information Systems (SIS) will each… Read More

Video from Davos: The Global Fintech Revolution

The 2017 World Economic Forum held in Davos, Switzerland last week, will soon become a distant memory as participants and observers jet back to their day jobs. But one of the interesting topics tackled as the seminal gathering was the emerging environment of financial innovation… Read More

FIS Announces Partnership With PayPal

FIS (NYSE: FIS), a financial services technology, announced last week it has teamed up with PayPal (NASDAQ: PYPL) to help increase customer engagement and drive incremental digital spend with FIS’ banking partners. According to the companies, the partnership will make it easy for consumers who bank… Read More

Brief: Kenya Fintechers Equity Bank & Safaricom Align with PayPal

Equity Bank and Safaricom, a Kenyan lending platform and a telecom platform, are courting PayPal customers seeking to make transfer account funds more quickly and easily, according to Business Daily Africa.  The agreement signed by Equity Bank means customers can now cash their PayPal accounts in three days instead of the earlier… Read More

Financial Innovation Now: Big Tech Educates Policy Makers on Benefits of Fintech

Apple, Google, Amazon, PayPal & Intuit Provide the Firepower Behind Fintech Advocacy Group Financial Innovation Now. Back in the fall of 2015, an announcement was made regarding the creation of a new public policy coalition representing some of the largest names in tech: Apple, Google,… Read More

Apple, Google, Amazon: Current Regulatory Requirements Protect Incumbents from Fintech Competitors

In November of 2015, a group of well-known tech names banded together to create a new lobbying entity to lobby Capitol Hill on Fintech and financial regulations. Financial Innovation Now is a unique alliance of Apple, Google, Amazon, Intuit and Paypal joining in one specific… Read More

Zidisha Founder Julia Kurnia: Loans Incentivizing Achievement Rather than Dependency

At age 22, recent George Washington University grad Julia Kurnia co-founded the world’s first microfinance organization built entirely from crowdfunding capital sourced over the internet, using funds raised from Kiva.org in Senegal, West Africa. She spent the next four years managing U.S. government grants to small businesses in… Read More

Shenmue III’s Creators Announce: PayPal Backers Won’t Get Exclusive Rewards Afterall

Kicking off the new year on a not-so-great start (for some), the team behind the Kickstarter success, Shenmue III, revealed bad news for its PayPal “slacker backers.” On Monday, the video game’s creators shared details about the poll results for the exclusive rewards on PayPal: “The results… Read More

Apple, Google, Amazon Band Together to Lobby DC on Future Financial Services

The Future of Banking is Online. Tech Titans Want to Lead the Way as Financial Innovation Now Coalition Announced. All financial services are being turned upside down as the relevance of brick and mortar locations and surly customer service representatives is diminishing.  Big tech, including… Read More