Fintech

10 Ways Fintech, Payments Are on the Ballot in the 2020 House Election

10 Ways Fintech, Payments Are on the Ballot in the 2020 House Election

As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services.

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COVID-19 Accelerated the Global Fintech App Usage in H1 2020

According to the latest report on global fintech app usage, the average sessions in investment apps surged 88%, while payment and banking app sessions increased by 49% and 26%, respectively, during the COVID-19 pandemic.

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Fintechs Should Sell Financial Health, Not Financial Services

New Technology For A New Financial Sector In the UK, last year’s report on “Consumer Priorities for Open Banking” by Faith Reynolds and Mark Chidley (which is, by the way, an excellent piece of work and well worth reading) set out just why it is that open banking by itself delivers quite limited benefits for […]

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Amid Covid-19, Fintechs Use Debit to Boost Their Lending, Savings, and Investing Apps

Amid Covid-19, Fintechs Use Debit to Boost Their Lending, Savings, and Investing Apps

With underbanked consumers and gig workers looking for financial products to help them track spending, create savings, and manage debt, many financial-technology companies are layering debit products onto their core application to attract and retain customers.

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No Longer Sleepy Associations, Mastercard and Visa Are Fintechs

No Longer Sleepy Associations, Mastercard and Visa Are Fintechs

It used to be that credit and debit card companies connected the four-parties involved in branded network payments through non-profit associations. These non-profits facilitated interbank clearance so that a card payment drawn from bank “X” could clear against a merchant account serviced by bank “Y.

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Fintechs (Not Banks) Could Reap Windfall From $800 Billion Opportunity in US Equity Market

Fintechs (Not Banks) Could Reap Windfall From $800 Billion Opportunity in US Equity Market

ADVERTISEMENT As the global pandemic alters life as we know it, accelerating the work-from-home culture, shifting priorities and creating soaring demand for Zoom conferencing, fintech solutions are quickly encroaching on banks — the Blockbuster Video to their Netflix.

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How Fintech Can Help SMEs Recover From the Impact of COVID-19

How Fintech Can Help SMEs Recover From the Impact of COVID-19

SMEs around the world have been hit hard by the COVID-19 pandemic. Traditional lending models have long been a barrier to accessing finance for SMEs in fast-growing economies. New fintech-based approaches can unlock finance and drive economic recovery once the pandemic has passed.

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COVID-19 Impact on the Future of Fintech

COVID-19 Impact on the Future of Fintech

While a great deal of attention has been given to the impact of COVID-19 on traditional banking institutions, there is also a significant impact being felt in the fintech marketplace. This is best evidenced by the slowdowns in funding, drop in establishment of new fintech firms and the reduced revenues of most organizations already in […]

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FinTech Profile: Airwallex – Global Payments Made Simple

FinTech Profile: Airwallex – Global Payments Made Simple

Airwallex uses innovative technology and cross-board financial infrastructure and applications to transform global payments Airwallex, founded in 2015, believes in building a global financial infrastructure to scale the digital economy. The business was founded with the aim of delivering a better solution for global payments.

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Covid-19 Aftermath Will Bring Banks and Fintechs Together

Despite underwhelming past experience of bank/fintech collaborations, the current pandemic is likely to drive deeper relationships between incumbent banks and startups as legacy applications prove unfit for purpose in a digitally-empowered future.

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SoFi Acquires Banking Tech Firm Galileo for $1.2 Billion

SoFi Acquires Banking Tech Firm Galileo for $1.2 Billion

Personal finance platform SoFi announced Tuesday that it has acquired Galileo, a technology company that powers a range of financial upstarts including Robinhood, Revolut and Chime. The deal, whose sticker price is $1.

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How Issuers Can Win the FinTechs Battle With Agile Processing Technology

How Issuers Can Win the FinTechs Battle With Agile Processing Technology

With the entrance of challenger banks that are focused on better customer experience, this has become the new battleground, so issuers also need to deliver an indisputably higher level of quality What’s new in credit card payments? What are the latest trends in this matter? Credit cards are a valuable product for issuers – such […]

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