CLS And IBM Expand FX Matching Beyond CLS Settlement Participants
CLS is extending its facilities for FX #matching to currencies that aren’t included in its #settlement services, using distributed ledger #technology.
Financial Technology
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U.S. Bank Looks to Expand, But Not with a Digital Bank
#Digital #banks may be sprouting up all over the banking world, but don’t look for one from U.S. #Bank. On this morning&8217;s earnings call, CEO Andy Cecere noted the bank was looking to #expand beyond its current 25-state branch footprint, which covers the Midwest and the western U.S. The bank is national in terms of […]
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Deserve Raises $50M to Expand Account Receivables
EXCLUSIVE— Millennial and Gen Z-focused credit card provider #Deserve has raised $ 50 million from the Keystone National Group, funding earmarked for the startup’s expansion of #account #receivables, the company announced today. “It’s strictly a debt facility, it has nothing to do with new product launches, but it does allow us to scale,” Kalpesh Kapadia, CEO […]
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Apple Pay to Add Ecommerce Features, Expand to Brazil
EXCLUSIVE— #Apple will continue to widen the reach of its mobile payment service Apple Pay by adding new #ecommerce capabilities and bringing the feature to new countries, CEO Tim Cook said during yesterday’s earnings call. The service will be expanding to #Brazil in “the coming months,” Cook said on the Q417 earnings call, though no exact launch […]
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Revolut Confirms $66M Raise, Adds Bitcoin Trading, Wealth Product; 3 Asia Fintechs Expand War Chests
Fast growing alternative banking app #Revolut confirmed this week that it had raised $ 66 million in a Series B Round, and said it would be adding #cryptocurrency #trading and a new #wealth #product. As Bank Innovation reported earlier this month, the London-based startup was on pace for a big fund #raise. In a news release, […]
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Blockchain And Cryptocurrencies Could Expand Banking – Or Destroy It
#Banking is contrary to some appearances, a fast-moving business, or at least a target. Chris Skinner’s new book, Value Web suggests some ways to improve and offers excellent case studies.
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Monzo Gets Full U.K. License, Looks to Expand to EU
Digital-only bank #Monzo just received its #full banking #license from the United Kingdom. This means that the bank can start rolling out full current accounts to its customers in the U.K., providing them with all of the benefits of a traditional bank account. These full accounts are not subject to the same restrictions as the […]
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Uber, Green Dot & MasterCard Expand Instant Pay to Most U.S. Debit Cards
#Uber announced yesterday that the #Instant Pay option for its drivers has been extended to nearly all U.S. #debit #cards, with the help of #MasterCard Send and #Green Dot, the operator of the mobile-first bank GoBank. “The expansion offers frictionless, elegant service to Uber, which is the poster child for the on-demand market,” said GreenRead More
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CoinDesk to Expand New York Blockchain Media Team
#CoinDesk today announced its plans to double its current headcount from six to 12 full-time employees by the end of 2016.
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India’s ClearTax raises $12M to expand into new financial services
#ClearTax, which helps Indians file their tax returns online with minimum stress, is on a roll this year. The Bengaluru-based company, which graduated Y Combinator two years ago, announced a $ 12 million Series A round today, just one month after closing a $ 2 million seed round following an initial $ 1.3 million raise. Read More
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