Square is renaming itself Block as it focuses on technologies such as blockchain and expands beyond its original credit card-reader business.
Despite a significant depression in crypto markets, plenty of top players have been hesitant to say that the good times are over for the time being, but as NFT marketplace OpenSea announces today that its laying off around 20% of the company’s employees, the top crypto startup’s CEO isn’t mincing...
PayPal reported earnings and the company is seeing huge user growth with more than 7 million customers in April alone;...
LendIt Europe 2017 keynote speaker Christoph Rieche, Iwoca CEO, announced the API with fellow fintech Tide is now live; the API allows third parties to access Iwoca’s credit and underwriting process which can decide on a loan within 10 minutes; Tide will provide Iwoca with data to help speed up credit decisions. Source.
The Silicon Valley Bank collapse highlighted the importance of a little-discussed but key feature of healthy banks and fintechs - backup servicing.
The Financial Health Network released its 10th annual Spend Report, showing the first-ever overall decline in spending on interest and fees.
The credit union lending platform, Happy Money has announced unicorn status following the permanent appointment of Jeff Winner as CEO.
A new technology unveiled by RIBBIT at this week's Fintech Nexus in New York City will help users better manage their finances.
Vista Equity Partners has announced the acquisition of DH Corporation and intended merger with Misys; DH Corporation is a Canadian fintech company with a full range of technology solutions for financial institutions; Misys is a UK-based firm also providing similar solutions for financial institutions globally; in January it announced a new P2P lending solution for banks, FusionBanking Crowdlending; Vista will acquire DH Corporation for approximately $4.8 billion, representing a premium of approximately 36%. Source
Skinner shares some of the headlines by mainstream media as Open Banking officially launched in the UK; many were negative and included how consumers should fear the changes; not surprisingly the fintech community are strong advocates of Open Banking; Skinner shares his perspective on these two sides battling, the mainstream banks and mainstream media, and the fintech community and more niche media. Source