Sila Provides FinTech Companies With An On-Ramp To Payments
#Sila is designed to help fintechs get access to #payments networks without going through months of regulatory approvals for money transfer licenses.
Financial Technology
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Which Fintech Companies Have Over 1 Million Customers?
#Fintech startups, particularly neobanks, have long suffered from having great #technology, but few #customers using it. Simple and Moven had more innovative offerings than traditional peers, but that didn’t translate to more customers or more revenue. What was BBVA paying for when it bought Simple for $ 117 #million in 2014? It wasn’t the customers, which […]
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The Allure of Debit Cards for P2P Payment Companies
In the U.S., #debit #cards are the most popular method of #payment, so it’s not surprising that many fintechs are trying to enter the debit card market. For #companies focused on P2P payments such as PayPal, Venmo (owned by PayPal), Square, and savings apps like Acorns or Money Lion, the leap into the debit card business is easier, […]
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With Less Than 100 Days to Comply, U.S. Companies Need to Get Comfortable with GDPR Fast
EXCLUSIVE— While businesses and #banks in the United Kingdom are moving (slowly) towards compliance with the General Data Protection Regulation, many U.S. #companies are still figuring out if the regulation applies to them. Unfortunately, these companies have precious little time to waste, according to the #GDPR Beyond Borders conference that took place in NYC yesterday: …Read More
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The 11 Companies Announced for the Bank Innovation 2018 DEMOvation Challenge
EXCLUSIVE – Here they are. This morning, #Bank #Innovation officially #announced the 11 #companies that will be participating in its #2018 #DEMOvation #Challenge. These 11 companies will present technologies and products in front of an attentive audience of #fintech professionals during Bank Innovation 2018, which will take place this March in San Francisco. This year’s […]
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BI 2018 to Announce DEMOvation Companies
Bank Innovation will #announce the #companies participating in our #2018 #DEMOvation Challenge later this week. It is now just one month before Bank Innovation 2018 is set to kick-off in San Franscisco, Calif. The companies and details of the challenges will be announced tomorrow, at 10 AM ET, on the @BankInnovation Twitter. Bank Innovaiton’s DEMOvations feature presentations […]
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Credit Karma Wants to Be in Top 3 Tax Filing Companies
EXCLUSIVE – It’s #Credit #Karma’s second tax season as a tax prep/#filing company, and already about 3 million people have started using Credit Karma Tax, according to Jagjit Chawla, general manager of Credit Karma Tax. That number is three times the 1 million filers in the company’s last tax season. “It’s important to remember though, […]
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How Chinese Companies Are Handling Tight Regulations
#Chinese insurance company ZhongAn Online Property and Casualty Insurance, which boasts a customer base of 500 million people, has obtained approval to open an initial public offering (IPO) on the Hong Kong stock exchange. China’s first online-only insurance company hopes that the IPO will raise as much as $ 1.5 billion USD. This would make it […]
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Consumers Trust Banks Over Tech Companies For Digital Payments
#Payments still belong to #banks, according to #consumers—even when those payments are being made through a smartphone or an IoT device. The majority of “connected” consumers, nearly 80%, cited their bank as the “most trusted” provider for a #digital payment solution, a study by PYMNTs on behalf of Visa found. Consumers, who cited #technology #companies as […]
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Fintech Companies Should Head East for Funding
If Horace Greeley were alive today, the famous newspaperman might be saying: “Go #East, young entrepreneur, go East.” China is a behemoth to be ignored at the peril of the #fintech world. In his outlook for the year, LendIt co-founder Peter Renton said earlier this month: &8220;If you are a U.S. platform and you are thinking about raising […]
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