Digital transformation is changing banking from the inside out Tech and Gaming Blog Technology by Martha Leibs - November 15, 20210 Companies across all industries are faced with the urgent need to transform the way they do business, including financial services, but changes abound with governance, security, and culture. A shift in mindset and perspective away from “the way things have always been done” is key to a successful digital transformation
TrueLayer nabs $130M at a $1B+ valuation as open banking rises as a viable option to card networks Tech and Gaming Blog Technology by Ingrid Lunden - September 20, 20210 Open banking — a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by letting banks open their systems directly to developers (and new services) by way of APIs — continues to gain ground in the world of financial services. As a mark
Nigeria’s Prospa gets $3.8M pre-seed to offer small businesses banking and software services Tech and Gaming Blog Technology by Tage Kene-Okafor - September 8, 20210 In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist in how banks use the data available to serve the needs of each business. With banks, presenting a series of transactions as statements
With open banking on the horizon, the fintech-SME love story is just beginning Tech and Gaming Blog Technology by Ram Iyer - July 16, 20210 Lee Li Contributor Share on Twitter Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan and DouYin (now TikTok). The fintech sector has been hugely successful (and hugely profitable) for much of the last decade, and even
Visa to acquire open banking platform Tink for more than $2 billion Tech and Gaming Blog Technology by Romain Dillet - June 24, 20210 Visa has announced plans to acquire Tink for €1.8 billion, or $2.15 billion at today’s exchange rate. Tink has been a leading fintech startup in Europe focused on open banking application programming interface (API). Today’s move comes a few months after Visa abandoned its acquisition of Plaid, another popular open banking
Line launches digital banking platform in Indonesia Tech and Gaming Blog Technology by Catherine Shu - June 1, 20210 Line Corporation, best known for its messaging app, launched a digital banking platform in Indonesia today. This means Japan-based Line Corp. now offers banking services in three of its biggest overseas markets: Indonesia, Thailand and Taiwan. Line Corp.’s Indonesian banking platform is the result of a partnership the company struck in
Is buying and selling short-positions in private companies next? This fintech startup is banking on it Tech and Gaming Blog Technology by Connie Loizos - May 11, 20210 Even the most casual industry observer has to be stunned at times by the pace of dealmaking right now. Not quite halfway through 2021, startups are routinely closing new rounds just months apart and sometimes seeing their valuations triple and even quadruple with every new round. Maybe they will all become
Cannabis banking act passes U.S. House with bipartisan support Tech and Gaming Blog Technology by Matt Burns - April 20, 20210 The U.S. House of Representatives passed a landmark bill aimed at easing restrictions placed on the cannabis industry. The SAFE ACT (Secure and Fair Enforcement) banking act provides safe harbor for financial institutions to work with cannabis operators. If passed by the Senate and approved by President Biden, this bill
FintechOS nabs $61.5M for a low-code approach to modernizing legacy banking and insurance services Tech and Gaming Blog Technology by Ingrid Lunden - April 20, 20210 “Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access, and usually competitively priced — than those typically provided their bigger, incumbent rivals. Now, a startup out of Romania that is building
Avant doubles down on digital banking with Zero Financial acquisition Tech and Gaming Blog Technology by Mary Ann Azevedo - April 7, 20210 Avant, an online lender that has raised over $600 million in equity, announced today that it has acquired Zero Financial and its neobank brand, Level, to further its mission of becoming a digital bank for the masses. Founded in 2012, Chicago-based Avant started out primarily as an online lender targeting “underserved