JP Morgan Chase made their first fintech acquisition with the purchase of payments company WePay; financial terms were not disclosed but the WSJ reports the price was above their 2015 valuation of $220mn; this deal points to a larger trend in the payments space with 2017 seeing deals for 166 companies worth $29.3mn. Source.
Payments leaders PayPal and Square have both found the current crisis to be a challenge and a boost to their...
Card conglomerates, including Visa, Mastercard and American Express, grabbed multiple headlines in 2018 centered on their adoption of commercial cards as well...
One of the leading fintechs in small business lending has partnered with the online banking platform Azlo; through the partnership,...
These are the top 5 UK financial institutions ranked by the mobile banking features consumers value most Celsius Network Completes...
The Trump administration has announced a White House innovation office that will focus on modernizing technology of federal government departments; his son-in-law, Jared Kushner, will oversee the innovation office; private sector technology executive advisors to the innovation office include Tim Cook from Apple and Bill Gates from Microsoft. Source
A new report by CB Insights shows European banks are placing strategic bets across wealth management, lending, payments, regulatory technology and also blockchain. The data was compiled from from 2012 to Q2 2018. Source.
Online multi-lender, LendingTree, has acquired CompareCards, owned by Iron Horse Holdings; the acquisition will expand LendingTree's online credit card comparison offering also bringing new technology, issuer relationships and educational tools to the site; LendingTree's stock has gained 13.44% following the company's announcement. Source
The Federal Reserve Bank of Philadelphia has published a paper titled, Central Bank Digital Currency: Central Banking for All?; in...
Home renovation lending is expected to exceed $350bn in Q3 and Q4 of 2019; this type of lending has increased...