The Financial Market Supervisory Authority (FINMA) has awarded Zurich-based bank Yapeal a fintech banking license to offer digital financial services in Switzerland.
Yapeal, given its fintech license, aims to challenge the traditional retail and consumer banking by offering digital...
SpotOn, a payments and software provider based in San Francisco, announced Wednesday, it has raised $50 million in its Series B funding round. The financing, joined by new and existing investors, included 01 Advisors, Dragoneer Investment Group, Franklin Templeton,...
Tech mogul Bill Gates recently funneled $1.4 million into fintech security company Crest through the Bill and Melinda Gates Foundation. Computer Weekly reported that the donation seeks to improve the firm’s reach in African and Asian countries.
This move...
Finantix, a financial market technology provider to the global financial industries, announced Tuesday it has acquired Zurich-based InCube Group AG, a supplier of AI-enabled products and solutions to wealth management and insurance companies.
In a press release, the technology provider...
Nigeria-based fintech company Paga announced a partnership with global payment company Visa to accelerate growth in mobile payments for merchants in Africa.
Under the new partnership, all Paga account holders can access Visa’s credentials, both physical and virtual cards,...
Merchant platform Pine Labs announced its partnership with leading consumer fintech company ZestMoney last Wednesday, March 4, 2020, to provide customers with credit facilities. The said offering is slated to be offered at point-of-sale (POS) terminals.
The partnership’s new facility...
Brokerage service Robinhood faced the ire of its clients as it suffered a two-day downtime on March 2 and 3, 2020. Incidentally, this is when the “biggest market rally in 12 years” occurred, causing users to miss opportunities to...
Alibaba’s payment affiliate Ant Financial Group invested in Swedish financial tech company Klarna, as a move to penetrate the European market.
The payment platform, which manages Alibaba payments, takes a minor stake at Klarna, in a move to deepen roots...
Chinese mobile phone manufacturer, Oppo, announced its new financial technology services armed named Oppo Kash last Monday, March 2, 2020. The company’s new financial services arm comes in the wake of other smartphone manufacturers venturing into the fintech space,...
Fintech Scotland, an independent body focused on enabling the country to achieve positive economic and social outcomes by promoting financial innovation, has joined forces with Fintech Alliance, a platform that intends to bring together the global FinTech community.
As reported...
