Here are the most read news stories from our daily newsletter today: AmEx, Regions Bank top J.D. Power’s satisfaction index...
OnFido was founded by three Oxford grads who are all under 30; Microsoft’s venture capital arm participated in the Series C round; other participants included Crane Venture Partners, Salesforce Ventures and other existing investors; in total the company has raised over $60 million for their product that uses machine learning to verify identity. Source
Citi Global Consumer Bank's fintech unit has released a new mobile app for the iPhone; app has banking, wealth management and money movement capabilities; it is among the first mobile banking apps to integrate banking, investing and money movement; app features include simplified money transfers and mobile trading capabilities. Source
In the past few years, the finance sector is seeing an influx of non-financial businesses turning towards fintech solutions.
Chile's new fintech law will provide an incentive for other regulators in the region to move forward with similar frameworks, analysts say.
Regional banks have taken a beating - fintechs' customer centric flexibility may provide an answer to their flawed system.
The BBC has a report out today that Facebook will be rolling out its own cryptocurrency, called GlobalCoin, in 2020;...
Banks are finally beginning to offer an automated loan application for new and used vehicles through partnerships with fintechs; this...
The co-founder and co-CEO of Digits, Wayne Change, discusses what is wrong with small business finance tools and why a complete rethink was needed.
Germany's GLS Bank has launched an equity crowdfunding platform through collaboration with CrowdDesk; GLS Bank will do the due diligence for the platform's investments and CrowdDesk will primarily focus on the technical infrastructure and business services; the deal sets a precedent for bank crowdfunding partnerships in the equity crowdfunding space and will provide company financing for up to 2.5 million euros ($2.67 million). Source