Nium, a real-time payments infrastructure company, has closed its $50 million Series E at a $1.4 billion valuation. That is 30% below the valuation from its last funding round in 2022.
Zelle has started refunding imposter scam victims, after years of banks questioning their responsibility to do so.
Greenlight has been a leader in helping young children and teenagers develop financial skills. Its app is used today by more than six million parents and children.
While the company was traditionally focused on a direct-to-consumer model, it is increasingly developing partnerships with large banks to accelerate its growth.
It has been the talk of the crypto world all week. SEC watchers noticed early this week that the regulator appeared to be getting ready to approve an ETF for funds holding Ethereum.
The Wall Street Journal is reporting that Apple has indeed decided to move on from Goldman in roughly 12 to 15 months. This will mean both the Apple Card and the savings account (that was rolled out just a few months ago) will need a new banking partn
Anyway you slice it, we have not been doing a good job in stopping money laundering.
It is estimated that we only catch 1-2% of all illicit money flowing through the banking system. Yet as an industry, we spend many billions of dollars in this fight.
In a blog post yesterday describing their 2024 plans, we learned that X will be launching peer-to-peer payments later this year.
We know that the company has been slowly obtaining money transmitter licenses as it builds out its payments capabilities. But this is the first time we have heard about concrete plans to launch a payments service.
By Isabelle Castro Margaroli For some time, we have been hearing about tokenization’s “trillion-dollar opportunity”. JP Morgan has taken a step...
It was three ago last week when LendingClub closed its acquisition of Radius Bank. At that time LendingClub entered into an operating agreement with the OCC that imposed capital restraints and growth limits on the fintech pioneer.
Upstart has been a trailblazer when it comes to using AI in lending. They were the first fintech lender to make it a core part of their offering.