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Fintech

Fintech
·Nov. 2, 2021

Why challenger banks find it hard to challenge

I was thinking about this article in The Telegraph saying what a rotten job supermarkets have made of competing with banks. Tesco sold its mortgage book to Lloyds two years ago owing to “challenging market conditions” and is now closing all personal current accounts. Marks & Spencer this year decided to …
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Fintech
·Nov. 2, 2021

SoftBank leads $93 mln investment in NFT gaming firm the Sandbox

The Sandbox, a Hong Kong-based gaming platform that allows users to build a virtual world using non-fungible tokens (NFTs), has raised $93 million from investors led by SoftBank’s Vision Fund 2, the company told Reuters on Monday.
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Fintech
·Nov. 2, 2021

Rocket Mortgage aims to expedite mortgage services to local banks and credit unions

Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. The lender announced Friday a partnership with Salesforce to deliver Rocket's mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud.
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Fintech
·Nov. 2, 2021

Railsbank unveils new ’embedded finance’ strategy

Digital banking services provider Railsbank is betting on ‘experiences’ being the gateway to a boom in brands embedding financial services.
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Fintech
·Nov. 2, 2021

Chainalysis Shares Blockchain Analysis Mistakes that Impede Crypto Investigations

The inherent transparency of blockchains or distributed ledger tech (DLT) networks makes crypto-related investigations a lot easier for law enforcement agencies, when compared to financial investigations involving fiat currency. Blockchains or DLT networks serve as a permanent, publicly viewable ledger of almost all crypto transfers,
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Fintech
·Nov. 2, 2021

Global Fintech Funding for 2021 on Track to Cross $120 Billion

Fintech funding smashes records, raising $31.1 billion across 1,185 deals in Q3 as record adoption fueled the investor flywheel.
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Fintech
·Nov. 3, 2021

WU to Launch Digital Bank Pilot by Year’s End | PYMNTS.com

Western Union Company touted its upcoming Germany and Romania digital banking pilot in its third quarter earnings results. The bank should launch this year.
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Fintech
·Nov. 3, 2021

Squid Cryptocurrency Crashes, and Investors Lose Money – The New York Times

The digital money, called Squid, began trading last week for a penny. It soared spectacularly, before the money vanished.
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Fintech
·Nov. 3, 2021

Uber Freight drivers get new payments and fuel rewards

“This partnership allows us to continue building our suite of carrier-first tools and offer the small carriers on our platform — the mom and pop shops and new authority carriers just starting their businesses — the opportunity to take advantage of lightning-fast payments, fuel discounts, and other...
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Fintech
·Nov. 3, 2021

DeFi: Who Will Build The Future Of Finance?

The hype and excitement surrounding DeFi’s impact on finance and financial technology at Money 20/20 stands in stark juxtaposition to the caution raised by the President's Working Group on Financial Markets.
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