The week in review – April 20
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Leaked pics reveal Google smart debit card to rival Apple’s
– Facebook’s Libra cryptocurrency gets revamp in response to backlash
– PayPal Approved to Provide Access to Paycheck Protection Program Loans
– Student lender SoFi to acquire Galileo Financial Technologies for $1.2 billion
The week in review – March 30
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Revolut launches its neobank in the US
– Startup Funding Dwindles Due to Coronavirus Slowdown
– Regulators Issue Inter-agency Statement on Loan Modifications, Banks Urged to Issue More Small-Dollar Loans in Response to Outbreak
– Cash usage in Britain drops by half
The week in review – March 23
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– ICE’s Bakkt raises $300 million for consumer market push
– Kabbage launches platform enabling consumers to buy gift certificates supporting small businesses during the COVID crisis
– Fiserv acquires Bypass Mobile to enhance its omni-commerce offering
– Square receives conditional Industrial Loan Company (ILC) charter approval, looks to offer small-business loans to Square merchants by 2021
The week in review – March 16
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– BBVA’s Open Innovation unit alters its approach to fintech partnerships
– Sequoia Capital stumbles with its Finix investment, backs out over Stripe conflicts
– Credit Sesame launches a digital banking service focused on improving credit scores
The week in review – March 9
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Kabbage Launches Kabbage Insights™, A Small Businesses Cash Flow Management Tool
– Facebook Weighs Libra Revamp to Address Regulatory Concerns
– Robinhood Trading Site Seizes Up, Customers Miss Stock Rally
– Ant Financial buys a stake in Swedish fintech leader Klarna
The week in review – March 2
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Platform Banking Provider Agora Services is Securing $2 Million in Funding and Opens Headquarters in Atlanta
– Venmo prototypes a debit card for teenagers
– Intuit to Acquire Credit Karma
– Fast-growing digital bank Revolut triples valuation to $5.5 billion
The week in review – February 24
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Atlanta-Based OneTrust Raises $210 Million, More Than Doubles Valuation To $2.7B
– LendingClub to acquire Radius Bank, the first example of a FinTech buying a bank
– CB Insights declares 2019 the year of the fintech inflection
The week in review – February 17
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– InComm Launches Go Studio™, an Emerging Technologies Incubator
– Varo Moves Closer to Becoming a Bank
– Fintech startup Ramp aims to disrupt the corporate credit market
– Payments Tech Provider Toast Raises $400 Million at $4.9 Billion Valuation
The week in review – February 10
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Intercontinental Exchange Announces Agreement to Acquire Atlanta Loyalty Program Provider Bridge2 Solutions, Combine with Bakkt
– Payments giant Worldline to buy Ingenico (whose US headquarters are in Metro Atlanta) in $8.6 billion deal as fintech competition heats up
– Visa Plans the Biggest Changes to Its Merchant Fees in a Decade
The week in review – February 3
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Atlanta-based Trust Stamp Earns Strategic Investment from Mastercard
– UPS And Square Collaborate To Offer Integrated SMB Shipping Solution
– Goldman Sachs Touts Digital Banking Plans at Investor Day
– Subway Inks Payments Deal With Adyen for North America
The week in review – January 27
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Cash, Plastic or Hand? Amazon Envisions Paying With a Wave
– Global central banks partner up to explore digital currencies
– Canapi Ventures Launches Inaugural $545 Million Fintech Venture Fund
– New York City Stores Must Accept Cash, Council Says
The week in review – January 20
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Visa to Buy Plaid for $5.3 Billion in Bid to Reach Startups
– Approval of Sezzle’s California Lending License
– SunTrust successor Truist rolls out new purple brand design and logo
The week in review – January 13
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– California governor to unveil plan for state CFPB
– Mastercard launches augmented reality app that brings card benefits to life
– BBVA explores product sales via Amazon
– Goldman’s consumer unit Marcus still accounts for only a small sliver of profits
The week in review – January 6
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– The California Consumer Privacy Act officially takes effect
– JPMorgan to ban fintech apps from using customer passwords
– Australia delays Open Banking roll out over security concerns
The week in review – December 27
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– NCR has acquired UK-based Zynstra, a provider of edge virtualization technology
– The Fed released the 2019 Federal Reserve Payments Study, the seventh in a series of triennial studies
– Mastercard announced that it is acquiring RiskRecon, a provider of artificial intelligence and data analytics
– TD Bank is working with Visa to offer its US customers the ability to send money to their bank account at TD Canada
The week in review – December 20
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. Enjoy!
This article is courtesy of Blue Leviathan. The original can be seen at https://www.blueleviathan.com/the-week-in-review-95/
Citi and PayPal expand partnership to institutional payments
Citi and PayPal have expanded their partnership to enable Citi’s institutional clients to make payments into customers’ PayPal digital wallets; under the extended arrangement, Citi’s clients will be able to pay directly into PayPal digital wallets via Citi’s WorldLink cross-border payments platform.
https://www.finextra.com/pressarticle/80955/citi-and-paypal-expand-partnership-to-institutional-payments…
The week in review – December 13, 2019
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. Enjoy!
This article is courtesy of Blue Leviathan. The original can be seen at https://www.blueleviathan.com/the-week-in-review-94/
Goldman plans to bring wealth management to the masses
Goldman Sachs plans to offer a digital wealth management service next year to individuals with a minimum investment of $5,000; customers would have access to a robo adviser being developed by United Capital, a wealth management firm that Goldman acquired.
https://www.ft.com/content/56eb2fa8-1931-11ea-97df-cc63de1d73f4
The week in review – December 9, 2019
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. Enjoy!
This article is courtesy of Blue Leviathan. The original can be seen at https://www.blueleviathan.com/the-week-in-review-93/
The 2018 Diary of Consumer Payment Choice
The Fed released the 2018 Diary of Consumer Payment Choice (DCPC), the fifth in a series of diary surveys that measure payment behavior; results show that in October 2018, consumers made more payments with debit cards than with any other payment instrument (28% of …
The week in review – December 2, 2019
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. Enjoy!
This article is courtesy of Blue Leviathan. The original can be seen at https://www.blueleviathan.com/the-week-in-review-92/
Here are the new and noteworthy payments stories we have been following this week.
India’s financial services firm Paytm raises $1B
Paytm has raised $1 billion in a new financing round led by T. Rowe Price with participation from existing investors, Ant Financial, Softbank, and Discovery Capital; the new funding …
The week in review – November 25, 2019
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. Enjoy!
This article is courtesy of Blue Leviathan. The original can be seen at https://www.blueleviathan.com/the-week-in-review-91/
Here are the new and noteworthy payments stories we have been following this week.
Elavon to acquire Sage Pay for £232 million
Atlanta-based Elavon is acquiring Sage Pay, a payments gateway business for £232 million, further expanding in the UK and Ireland; Sage Pay focuses on the SMB sector and …
