The Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin J. Gruenberg released on February 7, 2022 priorities for 2022.
After almost three years of operation, Ank, Itau's digital banking enterprise in Argentina, is moving closer to a shutdown.
Finastra partnered with FormFree to streamline borrowing for mortgage lenders with an automated underwriting process.
Revolut is launching a premium account giving members a range of benefits; the premium account will cost 6.99 British pounds ($8.75) per month or 72 British pounds ($90.10) per year, and will include unlimited money transfer, a premium Mastercard, overseas medical insurance and 24-hour customer support; the digital bank is also launching a crowdfunding campaign on Seedrs for 4 million British pounds ($5.01 million) with investing priority for its first 5,000 premium customers. Source
Prime Trust, a Las Vegas Based Crypto and fintech API company, announced a $100 million Series B to build crypto onramps and provide custody.
Spanish bank BBVA has acquired Openpay; fintech startup Openpay is a payment service provider that will help to facilitate real-time payments and transfers for BBVA; according to Openpay Co-Founder Roberto Bargagli: "This acquisition shows BBVA's commitment to digital transformation and it is an example of how fintech firms and banks are going to revolutionize the global ecosystem together. We will work with tremendous enthusiasm to take advantage of this huge potential." Source
Prior to the license, the company operated as a platform for other third party funds to sell products through their wealth management platform Qian.qq.com and WeChat; now the company will be able to sell direct to its nearly 1 billion users; the company already had licenses for mobile payments, insurance and micro finance. Source
Bloomberg reports that consumers are prioritizing mobile phone payments over their auto loans; the shift has come as mobile devices...
The new industry association called Digital Finance Forum was founded by Christian Faes and Ian Thomas; it aims to bring...
The Silicon Valley fintech expects to make $1.5 billion in auto loans this year after implementing key elements needed to achieve scale, said CEO David Girouard. The expansion comes as the automotive market continues to boom.