Here are the most read news stories from our daily newsletter today: Introducing Square Banking, a Suite of Powerful Financial...
The company announced the news in an earnings call; they will begin testing products this year and have invested $53.3 million developing the new bank; Virgin Money is said to have signed an agreement with 10x Future Technologies to develop the platform. Source
Innovation drives things forward no matter the industry that is on the receiving end. In finance, innovation over the last decade has seen how financial institutions, banks, and lenders interact with their customers and provide financial services change exponentially. Innovations to working processes have meant faster lending decisions, better fraud detection, and the ability to...
Mastercard Launches World-First “Buy Now, Pay Later” Commercial Card Solution for Small Business Financing in APAC.
Tandem is set to begin a new monthly membership fee for their cash back card starting March 2020; the new...
The digital bank crossed 2 million customers after crossing 1 million 8 months ago; Monzo received their banking license two...
Asaak, a Ugandan asset financing startup, has secured $30 million in pre-Series A equity and debt funding. The round saw the participation of new and existing investors including Resolute Ventures, Social Capital, HOF Capital, Founders Factory Africa, End Poverty Make Trillions, Decentralized VC and a number of angel investors. Asaak offers motorbike financing to operators,...
Indian fintech Slice, which offers a credit card challenging product, has joined the unicorn club with fresh funds from Tiger Global, Insight Partners and others.
While publishing the results of the latest stress tests on the UK’s biggest banks the Bank of England warned that fintechs could take significant market share; the Bank of England identified three main areas of concern for banks: competition from fintechs, cost reduction while delivering services and low interest rates; these key areas could hurt profitability at banks in the coming years and app based disrupters could be the beneficiaries. Source.
LMAX Digital, an institutional spot cryptocurrency exchange and part of UK-headquartered LMAX Group, hit its peak volume so far in 2022 on Thursday.