The Financial Conduct Authority (FCA) has released their annual Sector Views report; it warned of high-risk retail investments, calling out...
LendingClub made big headlines with their acquisition announcement of Radius Bank and now the hard work begins as the company...
Yesterday the startup Tally announced their $50 million Series C round which was led by Andreessen Horowitz; the company is...
Google Wallet, Android Pay and Pay with Google will now all become Google Pay; this way the company can better brand their products and make it less confusing; Google has launched a number of products in the last 10 years aimed at different payments markets and found varying degrees of success; they hope ensuring the same brand for multiple layers of products will help to cut down on confusion and hopefully help them to build a better customer experience to compete with the likes of Apple Pay and Samsung Pay. Source.
SoFi has announced their plans to acquire Galileo Financial Technologies for $1.2 billion in cash and stock; Galileo allows companies...
According to the WSJ, SoFi is pulling back on its expansion to foreign markets and asset management; two executives, Peter Early and Arkadi Kuhlmann are leaving the firm as part of the shift in focus; they led asset management and banking respectively at SoFi; despite some of the challenges the company extended $3.52 billion in loans in the third quarter, up almost 80% from the same period last year. Source
More than 60 percent of community banks are not even considering using robotic process automation (RPA) according to a new...
After several unsuccessful attempts at the creation of a bitcoin ETF, SEC Commissioner Robert J Jackson Jr. said in an...
American Express Ventures and the Healthcare of Ontario Pension Plan along with existing investors Kleiner Perkins, Goldman Sachs and Pine...
iPayment, Inc. has created a new business unit, iPayment Capital, to offer merchant cash advances; the new business unit will utilize the firm's 137,000 SMB customers for merchant cash advance lending; the service will add to payment processing and point of sale services currently offered by iPayment, Inc. Source