A new report by Capgemini shows that banks are ahead of the insurance counterparts when it comes to transforming their...
In two years, Spin has quickly carved out a place of itself as one of the most relevant fintech players in Mexico.
UK digital Bank Starling Bank is seeking to raise $54mn in a new funding round for international expansion; the capital will help the bank to move into other European markets and continue development of the technology; the bank recently acquired a passport via Ireland to allow them to access the European markets since Brexit is on the horizon. Source.
Steve Strongin believes most digital currencies are unlikely to survive in their current form and that investors should be prepared for coins to lose all of their value; Strongin states that they are likely to be replaced by a small set of future competitors; he cites the high correlation of cryptocurrencies, the lack of intrinsic value and speed as reasons for concern; Strongin still is optimistic on blockchain technology. Source
MoneyLion’s recent acquisition of Even Financial (now Engine by MoneyLion) will drive growth for both companies, Engine’s founder said.
Revolut has become one of the most valuable and talked about fintech startups in the world as they have amassed...
For Aviva, this round stands out as one of the largest for this investment stage in LatAm after the difficulties of the second half of 2022.
UK startup, Vault, launched a retirement product for small businesses at TechCrunch Disrupt London; the investment platform offers a retirement solution for small businesses through automated investing; the company's automated platform allows small businesses to offer a retirement solution for their employees at a low cost. Source
Credit card companies are seeking to push further into the “buy now, pay later” (BNPL) market. American Express (Amex) announced today that it plans to partner with Opy, the U.S. subsidiary of Australian fintech Openpay, to allow all of its U.S. cardmembers to pay in installments for qualifying purchases in the healthcare and automotive segments....
With payroll lending, Nubank blazes a trail into secured lending, an asset that bears less risk than credit cards and individual loans.