Ron Shevlin, writing for Forbes has compiled a list of fintech companies which are extending free, discounted or accelerated deployment...
Customers are becoming more demanding as interest rates climb; the average interest rate paid by the biggest US Banks jumped to 0.40% in the third quarter; sophisticated customers are now reconsidering where they hold their cash accounts; Fifth Third is one bank that is raising rates for these types of customers; wealth management deposits have decreased at Bank of America, JP Morgan and Wells Fargo in the third quarter according to Autonomous Research. Source
Aura is a small dollar lender which focuses on borrowers who have little or no credit history; the $10 million...
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
Digital banking has been a big positive for the financial services industry, though it has opened companies to greater cyber...
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Savvy operators have built contingent products and revenue streams to thrive despite the major economic and market turmoil Even the...
The partnership with the e-commerce giant could help PayPal overcome muted fourth-quarter sales due to supply-chain issues and other factors changing consumer spending.
Data from Financial Technology Partners reports over 1,500 funding deals from over 1,700 investors in 2016; these deals accounted for $36 billion in fintech financing; data by fintech category can be seen in the chart below with banking and lending companies accounting for 29% of the year's total deals; payments, loyalty and ecommerce accounted for 22%; securities, capital markets and wealth management also reported substantial interest from investors with 19% of the deals funded. Source
Business Insider sat with Coinbase’s Dan Romero who recently took on the role of general manager and vice president of the company in January; the interview covered the company’s plans for growth on the engineering and product sides; he said the company is looking to become for cryptocurrency what Google has become for search; the interview also talks through the recent SegWit upgrade, where Coinbase is headed in the next few years and how they compare to their biggest competitors. Source.
Traditional stock trading firms are beginning to feel the pressure from fintech startups who offer in many cases free trading...