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NYSE to Let Companies Raise Funds through Direct Listings
In a new process called primary direct floor listing, the U.S. Securities and Exchange Commission (SEC) recently implemented a rule that will help companies raise capital through direct listings. A...
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PayPal Gets in on the Buy Now, Pay Later Game
The buy now, pay later (BNPL) trend has been accelerating since the beginning of this year, and today PayPal announced plans to get in on the action. The payments giant is releasing Pay in 4, a...
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August M&A Highlight Reel
Many analysts predicted the latter half of 2020 would be flush with M&A deals. As the economic effects of the pandemic begin to take their toll, some fintechs are more open to exiting earlier than...
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Plaid Makes the Case for Real Time
If the future is digital –which it is– then the future must also be in real time. And while our industry typically thinks about real-time in terms of payments, there’s one fintech that’s working to...
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Challenger Bank Current Taps InComm for Cash Deposits Solution
Current, a challenger bank focused on underbanked consumers, locked in a partnership with InComm, a prepaid solutions company. By teaming up with InComm, Current will allow its 1.4 million...
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Sezzle Launches Virtual Card to Bring Buy Now, Pay Later into...
Buy Now Pay Later (BNPL) is having a moment in fintech. And one of the leading players in the space is expanding its innovations into the offline realm. Minnesota-based Sezzle unveiled its virtual...
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Wealthfront Unveils First Product in Self-Driving Money Suite
The fintech industry has long fantasized about automating finances. The earliest example of this is automatic billpay, which is so common today it is considered table stakes. Wealthtech player...
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Four Digital Bonuses at FinovateFall
Everyone knows that just because something is digital doesn’t mean it can’t be interactive. Many times, in fact, the opposite is true, and that’s the case with this year’s FinovateFall Digital event....
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Payoneer Launches Cross-Border Tool for Banks
Cross-border payments platform Payoneer announced a major development this week. The New York-based company unveiled Payoneer for Banks, a tool to help banks make and receive cross-border payments....
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Credit Suisse Launches Challenger Bank Competitor
Challenger banks have been slowly making their way into the mainstream banking sector. By offering competitive rates, unique services, and digital-first user experiences, this new breed of banks has...
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Who Will Be Left Holding the Bill for BNPL?
You know that buy now, pay later (BNPL) has jumped the shark when even Cosmo is writing about it. After all, BNPL is basically millennials’ way of reverse engineering the layaway programs their...
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ABN AMRO Adds Subscription Management Courtesy of Subaio
ABN AMRO is updating its Grip app this week by integrating Subaio’s white label subscription management feature for banks. The integration comes at a time when users are spending more than ever before...
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Winners of the 2020 Finovate Awards Unveiled
Today we’re announcing the winners of the 2020 Finovate Awards, recognizing excellence in fintech across 23 different categories. This is the second year of the Finovate Awards, which aims to...
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Digital, Demos, and Reinventing Fintech Dominate Day 1 of FinovateFall 2020
We were welcomed to the first day of FinovateFall 2020 by a familiar face: Finovate VP Greg Palmer. Greg kicked things off with a discussion of the importance of digital offerings, noting the...
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Klarna’s $650 Million Funding Round Boosts Valuation to $10.6 Billion
As the buy-now, pay-later (BNPL) craze explodes, some fintechs are in just the right place to catch the sparks. Payment services company Klarna is one of these players, and it has just landed $650...
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Square Staves Off Competition with the Launch of Two New Payroll Features
Since its launch in 2009, Square has always catered to small business owners. The payment services company is best known for offering micro-to-medium sized merchants an easy way to accept payments and...
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FinovateFall Digital Day 3: Building Consumer Trust and Creating a More Open...
Finovate came back strong this morning, with excellent keynotes and a solid round of fintech demos. Sarika Sangwan, Global Head of Strategy and Marketing- Financial Services at Pinterest kicked things...
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Striata Acquired by Doxim
Secure messaging company Striata announced this week it has been acquired by Doxim, a customer communications management (CCM) software company. Terms of the deal were not disclosed. Doxim will use...
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5 Questions with Mary Kate Loftus, Senior VP and Director of Digital for M&T...
Partnerships between nimble fintechs and trusted banks are essential as we look to build back our economy. Mary Kate Loftus, a panelist in our FinovateFall Strategic Partnerships session, knows this...
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More Fuel for the BNPL Fire: Affirm Raises $500 Million
In a series G round, buy-now, pay-later company (BNPL) Affirm brought in $500 million, bringing the company’s total raised to $1.3 billion. Leading the round were Durable Capital Partners LP and...
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