PayPal has 426 million accounts registered on its platform, acquiring 120 million of those within the last two years. With the emergence of new payment methods and processors, the firm has been going through a phase of slowing growth.
Revolut recently launched their service in the US and has made some recent hires; Bruce Wallace previously served as chief...
Orange is a large French telecom company and recently announced plans to launch their own bank; the company is hoping to capitalize on the movement to online banking and is the first telecom company to launch a bank; they are targeting 2 million clients in ten years which would represent 25% of the online banking market; 25,000 of their current customers have expressed interest in the new offering (out of its 21 million mobile clients). Source
Bitcoin sank as low as $36,370 early Tuesday, its lowest level in more than two weeks.
The agency has sent a letter to at least one major crypto exchange asking about its safeguards, according to Fox Business.
Revolut, one of the largest digital banks in the world, has announced plans to expand its business to Latin America’s largest markets.
Over the weekend we learned that Intuit, the makers of TurboTax, Mint and Quickbooks, is close to acquiring Credit Karma,...
CEO of LendIt Fintech Bo Brustkern recently traveled to London to meet with fintechs, regulators and investors; in this post...
AliPay launched a free service this week which allowed users to generate a profile based on their shopping history; users who signed up were automatically enrolled in their credit-scoring system called Sesame Credit unless they unchecked a box; this led to an outcry from users and a subsequent apology from the company; Bloomberg shares how this highlights a broader concern over transparency of user data in the country. Source
FinTech Avant is launching Avant Banking, a mobile banking solution with a transparent fee structure, early payday funds for direct deposit customers and more.