Everyone is angling to work with China UnionPay, the government monopoly card that is the only interbank card network in the country — buy MasterCard CEO Ajay Banga said today that his company is winning “90-plus%” of the business.
Dwolla and BBVA Compass’ recent announcement of a partnership to bring realtime payments to BBVA customers brings Dwolla’s new role into sharp relief, which is that Dwolla is not a P2P company, it is a B2B company.
A new study on brand simplicity has ranked “financial disruptors” higher — as in simpler — than traditional banks.
The money is still flowing into FInTech startups. Two veteran players, Personal Capital and Cardlytics, both scored big today with funding rounds of $50 million and $70 million, respectively.
Online lending is the darling of venture capitalists — witness Lenda, the startup specializing in home loans that announced a $1.5 million raise yesterday — and the space as a whole is white hot. “Consumer finance is the last big industry to move online,” Doug Lebda, founder and CEO ofRead More
Ripple Labs has been making waves in the money movement sector, lately, and the company has ambitions that extend even beyond the world of currency. Last month it announced three new bank partners and now a London -based startup called Ripula has built a gateway to Ripple’s platform, the first in the U.K..
Fintech Sandbox, a newly launched non-profit looking to cultivate financial services startups, has quietly scored a crucial sponsor: Silicon Valley Bank.
Capital One founder and CEO RIchard Fairbank got passionate about digital in the bank’s earnings call yesterday
PayPal, reportedly is looking to make some acquisitions before it spins off from eBay, and is eyeing Square.
There’s no secret how challenging it is to make money off of low-balance, “free-checking” customers. (Just ask M&T.) But Social Money‘s president, Scott McCormack, thinks he has a pretty good solution under his roof, and soon he’ll have the clients to prove it. One client is slated to sign ontoRead More
Bill Gates gave a speech at Sibos today, and for some unexpected reason Bloomberg TV reached out to me to comment on why the unbanked are important. It turned into a cool 7 minute segment on Core, how our portfolio companies are improving people’s lives and how Visionaries, like Amex, are avoiding the traditional missionary and […]