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Channel: Julie Muhn (@julieschicktanz), Author at Finovate
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Zopa Gains Insight into Loan Customers’ Affordability

P2P lender and challenger bank Zopa recently formed a partnership with Paylink Solutions to tap into the company’s cloud-based digital income and expenditure product, Embark. Paylink’s Embark will...

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Payroll in the New Normal

These days, you would be hard-pressed to find anyone whose job hasn’t changed because of COVID-19. And since payroll plays a major role in customers’ careers, we wanted to explore the ins-and-outs of...

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Road Blocks on the Way to Coinbase’s IPO

You’ve probably heard that cryptocurrency exchange platform Coinbase is considering going public later this year or early next year. But this likely won’t be a traditional fintech IPO. That’s because...

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Scalable Capital Lands $460 Million Valuation with New $58 Million Funding Round

Scalable Capital landed $58 million (€50 million) for its roboadvisory platform this week. The new funds come courtesy of BlackRock, HV Holtzbrinck Ventures, and Tengelmann Ventures. Today’s round...

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Amazon is Now an InsurTech

Amazon is adding to its financial services offerings this week. The online retail giant is reportedly planning to sell insurance in India. The move marks Amazon’s first foray into insurtech. “Our...

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Why an AI Center of Excellence is the Key to Success

The following is a guest post by Wilson Pang, Chief Technology Officer of Appen. Becoming an AI-first Organization in Finance Many global organizations are recognizing artificial intelligence (AI) as...

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Interactions Launches Virtual Collections Agent

Intelligent virtual assistance company Interactions launched a new product this week that aims to help accounts receivable management companies in their collections efforts. The new product, Virtual...

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Paysafe Acquires Cash-to-Online Payments Company Openbucks

Global payments platform Paysafe announced its acquisition of online payments innovator Openbucks. Financial terms of the deal were not disclosed and the companies expect the acquisition to be...

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Visa to Incorporate Cryptocurrencies into its Payments Network

It seems as if cryptocurrencies are starting to capture the attention of mainstream financial services providers. This week, Visa has shown to be no exception. The payments giant recently revealed...

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Intuit’s QuickBooks Steps into the Challenger Bank Ring

There’s no denying that challenger banks are one of the hottest things in fintech right now. The coronavirus has accelerated the need for a purely digital banking solution and this boost in demand has...

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5 Things Giving Fintechs Hope Right Now

Let’s face it, 2020 hasn’t been the year we were anticipating. We’re experiencing increased stress levels created by not only by fears of contracting a life-threatening virus, but also an economic...

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Circle Lands $25 Million, Partners with Digital Asset Brokerage Firm Genesis

Blockchain-based money transfer platform Circle is making double headlines today. The U.S.-based company not only landed $25 million in funding, it also partnered with Genesis, an institutional...

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A Place for Robots at the Banking Table

The new, low-touch economy has set me thinking about robots recently. The less society is able to interact with fellow humans, the more voids exist, especially in the services industry. And I’m not...

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The QR Code Makes a Comeback in U.S. Mobile Payments

Remember when the mobile payments game was first getting started? The industry was rallying around NFC as the technology of choice for mobile payments. BLE was a close second, and QR codes were...

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Six More Banks to Launch Digital Bank Accounts with Google

Step aside, challenger banks. Google and a band of eight traditional FIs are coming for you. News broke this morning that six financial institutions have joined Citi and Stanford Federal Credit Union...

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The Potentials and Vulnerabilities of Adopting Smart Contracts

This is a guest post written by Shannon Flynn, managing editor at ReHack.com. People in the fintech industry have inevitably heard about smart contracts. Here’s how they’re shaping the sector and why...

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Grab Goes B2C

Super app Grab is becoming a lot more super. That’s because the Southeast Asia-based company that specializes in transportation, food delivery, and payment solutions is expanding into...

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Banking-BigTech Deals Are on the Rise: Citi Partners with Amazon

Point of sale financing is all the rage in fintech right now. Consumers are looking to continue buying habits despite lower income and merchants are vying for ways to boost consumer spending. So when...

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Bnext Adds $13 Million to Series A Round

Place another notch in the belt of the challenger banking crowd. This week banking alternative Bnext extended its Series A round by $13.08 million (€11 million), adding to the $26.7 million (€22.5...

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Wirex Inches Toward U.S. Launch

2020 may be a tough year overall, but it has been quite good to the cryptocurrency space. PayPal announced plans for a cryptocurrency offering, Visa revealed plans to incorporate cryptocurrencies into...

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