Let's make a collective decision to see the glass as half-full. While physical banking (7,000 US branches gone during 2012-2017) and employment in the sector (425,000 jobs lost since 2013) has been contracting, digital commerce, banking, and investment management have been growing. Even DFA is finally giving in and lowering fees on their $600 billion institutional mutual fund family. Of course, Fintech has been a slow and gradual transformation, not a rapid disruption. We can make a choice to bemoan the loss of the past, or a choice to express an excitement for the future and participate in its making. Which side are you on?
China’s central bank as accepted Amex’s application to start a bank card clearing business, but they still need to receive...
Morgan Creek Digital Joins $3.1 Million Round for Tokenized Real-Estate Firm Finxact Secures $30M in Equity Funding Goin Raises €2.2M...
Visa and Mastercard currently rank 7th and 11th on the S&P 500; their stock prices have increased around 50% over...
We started the month with the huge news that Square was acquiring Afterpay and we ended with Amazon’s deal with Affirm.
It seems like every day there is more news coming out of this sector, it is white-hot right now.
As most companies were trying to figure out how to handle the economic downturn Airwallex was able to raise $160mn;...
After the Bust, Are Bitcoins More Like Tulip Mania or the Internet? Google’s Ulku Rowe on how innovative financial services...
PitchIt at LendIt Fintech has been the premier fintech startup competition since 2015 with past winners amassing more than $140mn...
Fraud protection is a leading factor for consumers and MasterCard has recognized this demand; it has recently introduced a Decision Intelligence security platform that utilizes artificial intelligence technology; the technology uses a scoring system that seeks to reduce fraudulent charges and falsely declined transactions; the Decision Intelligence platform is one of many services the firm is using to help increase card usage and retain large client relationships. Source
Accounts payable and payment automation fintech AvidXchange has raised an additional $128mn, an extension to the $260mn round reported earlier...