With the buy now/pay later market cooling and regulatory scrutiny increasing, Zip aims to rapidly scale with merchants and consumers.
The transaction, expected to close in the fall, would expand the Canadian bank's Southeast footprint, adding $55 billion of loans and $75 billion of deposits to its balance sheet and making it the U.S.'s sixth-largest retail bank.
The Swedish buy now, pay later giant’s net losses of £560m compared to losses of £110m the year previous.
More Than $20 Million in Crypto Donated to Ukraine, One Wallet Donated $3 Million. | Crowdfund Insider: Global Fintech News, including Crowdfunding,
Bitcoin prices surged 10% on Monday as sanctions were imposed on Russian institutions including its banks — in response to Russia's invasion of Ukraine.
For CEO Alex Holmes, MoneyGram's acquisition is an opportunity to accelerate its future development without the constraints that come with making quarterly reports to the markets.
JPMorgan Chase is preparing to go all-in on private companies. Read the full article at: www.cnbc.com...
With tensions high between Russia and the West, Synechron is looking to develop a real-time kill switch that can shut down a malware threat. The company’s PayTech Accelerator is also focusing on the opportunity for banks in buy now/pay later lending.
Hope is the author of Open Banking and the rise of Banking-as-a-Service, a recent Temenos whitepaper that dives into these issues.
This week many of us were glued to our TVs (or TikTok videos) as we watched in horror as Russia invaded Ukraine. Fintech, particularly crypto, will come under the spotlight here as sanctions start to bite so we have a couple of stories on that. We also share the thoughts of the former Chief Innovation Officer at the FDIC, SoFi’s latest acquisition, Citi’s move on overdrafts and more. Here are what I consider to be the top ten fintech news […]