Fintech

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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Fintechs Urge Congress to Designate Them as Small Business Lenders as Part of the Coronavirus Stimulus Package

Fintechs Urge Congress to Designate Them as Small Business Lenders as Part of the Coronavirus Stimulus Package

Fintechs want to play a part in helping SMBs as part of the stimulus package. Getty As U.S. Congress works to inject what is expected to be more than 1 trillion into the U.S. economy, the nation’s online lenders and fintechs want to ensure they are part of the solution.

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5 Reasons Why 2020 Is the Right Time to Invest in Fintech

5 Reasons Why 2020 Is the Right Time to Invest in Fintech

Global finance leaders have always regarded fintech as the digital force that can bring unprecedented changes to the industry. Goldman Sachs estimates the worldwide fintech pie to be worth US$4.7 trillion, and with more than 12,000 startups in different parts of the world, this number will keep increasing.

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The New-Paradigm: Key Trends in AI-Driven Fintech

The New-Paradigm: Key Trends in AI-Driven Fintech

Technology is reshaping the operating-model of financial institutions fundamentally, and the attributes necessary to build a successful business.

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OCC Cannot Grant Special Bank Charters to Fintech Companies

OCC Cannot Grant Special Bank Charters to Fintech Companies

A federal judge in New York ruled that the Office of the Comptroller of the Currency (OCC) did not have the authority to issue special bank charters to non-bank fintech companies.

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