Michele Romanow is the co-founder and president of Clearbanc; the idea for Clearbanc came to her when she was working...
SoFi has filed for two index fund ETFs that will waive management fees for the first year; some industry experts...
The gig economy may be flourishing, but its rapid expansion is also giving rise to new challenges related to cross-border payments that businesses and employers must overcome so they can continue to onboard competitive global talent and avoid high turnover.
Mastercard said all consumers will be able to use biometric identification when they shop and pay by April of next year; banks offering Mastercard branded cards will have to have biometrics alongside the typical PIN and password; the company cited consumers preference for this type of authentication and new regulations like PSD2 in Europe; Mark Barnett, president, Mastercard UK and Ireland, tells Banking Technology: “It will make the purchase much smoother, and instead of having to remember passwords to authenticate, shoppers will have the chance to use a fingerprint or a picture of themselves.” Source.
This sudden surge comes just as NFT innovators are beginning to reimagine what it means to engage in online collection or digital ownership.
Christine Lagarde, the head of the International Monetary Fund, told CNBC that the price of bitcoin was too high but that virtual currencies should be taken seriously; “Not so long ago, some experts argued that personal computers would never be adopted, and that tablets would only be used as expensive coffee trays," she said. "So I think it may not be wise to dismiss virtual currencies.”; the interview also touches on the recent regulatory trend to crackdown on the new currencies. Source.
JPMorgan Chase has been active in fintech partnerships with firms like Truecar, OnDeck and Roostify; they are now partnering with Bill.com in an effort to eliminate paper checks; JPMorgan spent $600 mn last year building fintech solutions and partnering with firms according to a letter CEO Jamie Dimon sent to shareholders in April. Source
Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast growth and aggressively broadens its product offerings. The Bangalore-headquartered startup, which is a market leader in payments processing in India, said Sunday evening it has raised $375 million in its Series...
Fannie Mae is testing a new program which would have appraisers assess a property without physically visiting it; appraisers will...
BaaS requires the deployment of APIs, in addition to strong risk and compliance management of the fintech partner.