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How Blackhawk is Making Holiday Gifting 2020-Friendly
Branded payments firm Blackhawk Network has always been busy over the holiday season. Between its gift cards, digital rewards, and prepaid cards, the California-based company has helped people embrace...
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Lloyds Bank Facilitates Real Time Cross-Border Payments
Lloyds Banking Group is making instant, cross-border payments possible, thanks to a partnership with global secure financial messaging services provider SWIFT. The U.K.-based bank announced it is the...
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PhonePe Makes Partial Split from Parent Company Walmart
PhonePe is selling a $700 million stake in its company to existing investors, including Walmart, which led the financing round. The digital wallet and online payments company will use the funding to...
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Upserve Acquired by Lightspeed in $430 Million Deal
Restaurant payments and analytics innovator Upserve is the latest company to be acquired by point of sale (POS) and ecommerce solutions firm Lightspeed. The $430 million purchase was announced earlier...
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What Can We Expect for 2021 After 2020 Accelerated Fintech?
Some might use the term “dumpster fire” to describe 2020. And while it certainly has been a difficult year full of change, loss, separation, and frustration, there have been some silver linings. One...
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Stripe Ties into Zuora
Subscription management platform provider Zuora is partnering with payments infrastructure player Stripe this week. Through the partnership, Zuora has integrated Stripe into its subscription offerings...
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Betterment CEO Jon Stein Steps Down, Announces New Appointment
Jon Stein has long been a prominent figure in the U.S. fintech sector. Betterment, the wealthtech company he launched in 2008, has grown to help 500,000 users manage a total of $25 billion in assets....
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Xoom Adds Money Transfer Capabilities to 12 African Countries
There may not be snow in Africa this Christmastime, but there will be cross-border payments. PayPal-owned money transfer service Xoom announced today that customers can send money transfers to...
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Enlightenment from a Conversation with a Futurist
Most of us probably don’t spend our entire workday thinking about what the future holds. Fortunately, there are a handful of people who specialize as futurists, studying what’s next for humanity. I...
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Tink Lands $103 Million in Funding, Boosts Valuation to $824 Million
Sweden-based open banking platform Tink announced it has closed an extension on the venture round it landed in January. The additional $103 million (€85 million) brings Tink’s total funding to almost...
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New Year, New Content
We just closed out the final Finovate event of 2020, but that doesn’t mean we are taking things easy. In fact, the work is just beginning! Our team is heads-down, focusing on curating speakers and...
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NetGuardians Raises $19 Million
Enterprise risk and banking fraud protection NetGuardians landed $19 million (chf 17 million) in funding this week. The round, which is more than double each of the company’s previous rounds, brings...
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How Plaid Expanded its Network
Earlier this year banking technology company Plaid launched Plaid Exchange, a new tool to facilitate open banking. The new open finance platform offers banks a way to provide open banking connectivity...
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Fiserv Acquires Ondot
Fiserv made a key acquisition this week, snapping up digital card services platform Ondot Systems. Financial terms of the deal were not disclosed but the agreement is set to be finalized in the first...
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Why 2021 Will Be the Year for Sila
If you’re unfamiliar with blockchain-based payments company Sila, it’s worth checking out. The Oregon-based company has an API that offers what it calls Infrastructure-as-a-Service. Overall, Sila...
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Microblink Raises $60 Million for its Computer Vision Tech
AI-powered computer vision software innovator Microblink landed $60 million in funding today. The investment marks the U.K.-based company’s first round of funding since it was founded in 2014. Growth...
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Rutger Responds: Key Take-aways from FinovateWest Digital
The following is a guest blog post by Rutger van Faassen, Head of Product & Market Strategy for FBX at Informa Financial Intelligence. Like many of you, I am still getting used to the virtual...
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Southeast Asia’s Fintech Boom: All You Need to Know
The following is a guest post by Lily Tran, content writer for MoneyTap. Southeast Asia is one of the fastest-growing fintech markets in the world. The expected market growth is estimated to be...
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Venmo Launches Check Cashing Feature
Venmo‘s new launch is making it easier for users to deposit their paper stimulus checks. The PayPal-owned company unveiled a new feature called Cash a Check that enables users to do just that– cash...
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Divvy Brings in $165 Million for Expense Management
Corporate card and expense management platform Divvy is starting off the new year with new cash. The Utah-based company closed a $165 million series D investment, boosting its total funding to $417...
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