Exchange Operator ICE to Buy Interactive Data for $5.2 Billion
This acquisition is a bet by ICE that corporate bonds will increasingly be traded on electronic exchanges. Meanwhile investors remain...
This acquisition is a bet by ICE that corporate bonds will increasingly be traded on electronic exchanges. Meanwhile investors remain...
Electronifie has added Troy Paredes, a former commissioner at the SEC, and Max Kamhi, entrepreneur and former CFO of hedge fund Jamison...
The Economist explains the difference between bitcoin and blockchains. The article argues that bitcoin's underlying blockchain...
Fintech analyst, Cormac Leech's, presentation at LendIt Europe has been made public on Liberum's website. The presentation provided a...
YC graduate, Razorpay, has raised $9m in Series A funding, led by Tiger Global and joined by Matrix Partners. The India based company...
Startups typically describe their growth with exponential, not arithmetic, rates. Last year Wealthfront and Betterment's AUM grew by over...
Paypal announced during its earnings call, that it would begin to monetize Venmo through a new feature named “Pay with Venmo.” Venmo,...
Palo Alto based barcode payment POS provider Mobeam has raised $6.2m of Series B funding, led by yet2Ventures. Mobeam touts an impressive...
Zurich based digital insurance manager Knip has raised $15.7m of Series B funding, led by Route 66 Ventures. The company's goal is to...
London based short-term lender to the financially underserved has raised $10m of Series A financing, led by Crosslink Capital. Zebit's...
New York based bitcoin incubator and venture investor Digital Currency Group has raised an undisclosed amount of capital from investors...
Are we witnessing an unexpected role reversal? Since the split, EBay has topped earnings estimates and raised its outlook while PayPal...
CME Group and Dwolla, a digital-payment network, have struck a deal that will allow the option and future exchange's participants to send...
After an aggressive start to 2015, venture capital flowing into bitcoin startups has slowed substantially. The $85 million in bitcoin...
JP Morgan Chase has unveiled its plans to roll out Chase Pay in mid-2016 with the support of retailer-backed mobile payments consortium...
A new report from Harvard found that by 2017, firms using predicative analytics will be 20% more profitable than those that don't. So how...
At MarketTech's 2015 conference in NY, the incumbents and startups explained how and why it can be difficult for a startup to disrupt or...
Good summary on valuations for fintech companies from a panel of VC investors at Money 2020 (fintech's biggest event of the year). Some...
TruMid, the New York-based company is building an electronic trading marketplace for corporate bonds designed to increase liquidity in...
It isn't new news that investors do not want to deal with financial advisors, which is one of the reasons for the growing number of...
Is Goldman Sachs trying to change it's image from being an investment bank to a tech company? That seems to be the gist behind the Walls...
FinTech Collective's portfolio company, Quovo, recently signed a partnership with Jefferson National, a tax-advantaged investing platform...
A new report from the World Economic Forum highlights the financial challenges of SMBs and the opportunities that this has created for...
The FT explores how BlackRock are trying to tap into Google (Deep Mind) and combine the best techniques from machine learning and systems...
Morgan Stanley's Wealth Management President Gregory Fleming hinted recently that the firm was building it's own digital offering. Their...
As the WSJ points out, this partnership that allows individuals to invest as little as $250 in initial public offerings, is a step toward...
If you are going to cheat on your company's computerized test, you probably shouldn't do it using Google on the same computer issued by...
While the U.S. regulators demand a massive amount of transparency in stocks, corporate bonds, and munis, the $13t Treasury market still...
Speaking in midtown NYC, Lending Club CEO Renaud Laplanche revealed some of the alternative data sets that the online lender uses to...
California based enterprise health services platform has raised $81m of Series C financing, led by Google Ventures. The company is...
San Francisco based financial education and empowerment platform has raised an additional $5m of Series A financing from former Citigroup...
As TechCrunch points out Instead of playing catch up with good old brick-and-mortar banks, Number26 (German banking start-up) is...
Making private markets look more like public markets. NASDAQ has agreed to buy SecondMarket and combine forces with the NASDAQ Private...
The Economist explores the trend of companies staying private longer and how founders and first recruits (who own majority stakes)...
Austin based coding bootcamp online lender Skills Fund has raised $11.5m of Series Seed financing, led by Iowa Student Loan. The startup...
Chicago based online small business insurance provider has raised $31m of private equity financing, led by Ok HC/FT. The company is the...
The silver lining to American Express' poor third quarter earnings is that the company was ramping spend on marketing and technology,...
Jamie Dimon believes that CEOs should not focus on making quarterly earnings projections that they cannot keep. He also went on to say...
The New York Times dissects Morgan Stanley's disappointing third quarter earnings. Revenues for the company's fixed-income trading desk...
Russell Simmons, founder of Def Jam Records, and the prepaid "RushCard", was on the back foot this week when Rush Card customers started...
Wow - the war for talent is on! The team application is one of four changes being made to the Tier 1 Exceptional Talent Visa, which is...
A great story of how KKR's star manager Scott Nuttall convinced Brooklyn born Frank Bisignano to leave JPMC and join him in helping dig...
Richard Sarkis, CEO of FinTech Collective's portfolio company, Reonomy, participated on a panel of NYC based entrepreneurs disrupting the...
Banks dreaded the Dodd-Frank act, and rightly so, imposing strict regulations to basically make these financial institutions shrink on...
How does a company with no actual full time CEO, a history of losses (including a $6m loss due to a fraud scam) and a business goal of...
Bulge bracket banks in the UK like Barclays and HSBC are still generating single digit ROE, whilst more entrepreneiurial Challenger Banks...
AngelList has secured a commitment of $400m from CSC Group (Chinese PE Fund) for a new fund. The fund, named Upshot, will back existing...
Symphony, the Palo Alto based secure messaging platform, raised a $100m Venture round from a list of investors that includes Google,...
WeWork's latest fundraising deck is public, The structure and story used through out the pitch make it one of the better decks that I've...
Companies are becoming very creative with their explanations for poor performance. Some highlights from this quarter included NSA, ISIS,...
Markit has launched a new service called Know Your Third Party, or KY3P. The aim is to create a central repository for information...
Stockpile, the California-basedprovider of gift cards for company stock, has raised $15m in Series A funding. The round was led by...
On Tuesday, Worldpay, the payments processor priced its IPO at £2.40/share ($3.69), giving it a market value of £4.8b and making it the...
Kabbage, the Atlanta based online lender has raised a $135m Series E. The company also increase its credit facility to $900m. The...
Moven, the New York based checking account disrupter, raised $12m in a Series B round led by Route 66 Ventures. In total the company has...
Netflix you missed earnings don't blame it on the EMV roll out! The media company is claiming that the roll out of new cards led to a...
Companies want their employees to save more for retirement via 401(k) plans. To do this some companies are increasing the amount of an...
First Data hit the public markets on Thursday. The results weren't great, the payments processor priced at $16/share well below the...
As insurance is becoming more disrupted by innovation and new technologies, it's important to prepare the new wave of insured individuals...
The global hunt for yield has tempted Dutch pension funds to work with private mortgage origination funds "regiepartijen" to originate...
As Jason Del Ray digs in, it becomes clear that the Starbucks deal Square signed 3.5yrs ago didn't turn out so well.Tthe deal involved...
Uber drivers can now link their account to Clearbanc, and at the end of each day get the money they’ve earned driving for Uber...
Y Combinator has raised $700 million for a later-stage fund that will be run by now full-time partner Ali Rowghani who, prior to this,...
Jack Dorsey is about to get even busier. The mobile payments company noted in its prospectus that his dual roles "may at times adversely...
Despite a slip in revenues BofA managed to post a rise in profits this week and is seeking to offset results from poorer performing...
JPMorgan revealed this week that it had reduced its size and complexity enough to be awarded a lower capital surcharge by regulators....
In a new twist to cutting costs before year end, HSBC’s investment banking division in London have cut 100's of workers pay by 10 per...
Mastercard has already joined the wave of companies that utilize mobile features, such as the front "selfie camera", for identification...
California based InvestCloud, a cloud-based solution for global investment advisors, raised $45m in growth equity funding led by FTV...
It's not all rosy at Apple Pay on its first birthday. Consumer usage is faltering due to limited awareness of the benefits and only 2...
According to a recent report by the Consumer Financial Protection Bureau, student borrowers are heavily burdened with dubious practices...
Fair Isaac and TransUnion are working on rolling out new credit scores, tackling the 26 million "credit invisible" individuals that do...
The London Stock Exchange (LSE) Group has agreed to sell Russell Investments asset management business to TA Associates. Russell...
TSYS released the results of its 2015 US Consumer Payment Choice Study. The report reveals data about consumer mobile banking app usage...
In 2016 US consumers will be able to tap and pay with their iPhone or Apple Watch at Starbucks, KFC and Chili's. In announcing the...
California based health insurance benefits startup Hixme has raised $10.5m of Series A led by Kleiner Perkins. The company is seeking to...
Jaron Lukasiewicz, CEO of Coinsetter, provides some tips and insights for the next fintech entrepreneur. Tip number 2 fits nicely with...
This is an interesting read on how data architecture can take banking to the next level - from Know Your Customer (KYC) to Know Your...
Goldman Sachs has decided to try and remove the middleman when distributing its' financial data. This isn't such a surprise after recent...
The Nigerian mobile money operator, Paga, enables customers to send money to anyone in Nigeria via a mobile phone or Paga agent. The...
As we’ve seen in other industries transportation (Uber) and hospitality (Airbnb), it’s a short step from envying start-ups to applying...
Financial advisers not only act as an emotional circuit breaker, but also help clients plan effectively. Vanguard have now estimated that...
Singapore based personal finance tool MoneySmart has raised a $2m Series A, led by SPH Media Fund. The company offers simplified...
Great history lesson on how Michael Bloomberg In 1981, at the age of 39, took a $10m severance from Salomon Brothers and started...
Watch out UK, Israel is looking to become the next fintech capital. Last year, Israeli investment in fintech represented 12% of total...
Kiva the nonprofit lender in developing countries has returned home to provide loans to San Fransciscans. Donations are made in $25...
Apply now for Commerce.Innovated. This is a great program run by our friends at MasterCard & SVB. Applications are due October 14th....
A year after launching and Apple Pay accounts for only 1% of all retail transactions. A bunch of merchants we have tried in the US either...
Amid the market turmoil on August 24th, trading was disrupted by delayed openings, more than 1,000 halts, and wild price swings. In fact,...
The FT argues that "In a negative carry world – or a flat yield environment - there is no role or purpose for banks because banks are...
San Francisco based blockchain payments network Ripple Labs has raised $4m of Series A funding, with participation from Santander...
Los Angeles based big data online lender ZestFinance has raised $150m of debt financing from New York's Fortress Group. The financing...
After a long buildup, Cameron and Tyler Winkelvoss have won the approval from the New York State Department of Financial Services to open...
South Korea based bitcoin services company Coinplug has raised a $5m Series B, led by SBI Investment. Coinplug has a number of existing...
With Chip and PIN EMV cards ubiquitous in almost every other country around the world, US banks (except first Niagara and Target) have...
Uber's business critical systems went down on may 13th. CTO, Thuan Phan, tries to professionalize his rapidly growing team.
Internal emails and interviews with people who’ve worked on that system show that as CEO Travis Kalanick and operations executives...…
Last year, publicly traded US companies held an average of 99 one-on-one meetings with investors. These closed-door meetings are intended...
This week, 21 Inc. unveiled its Bitcoin computer and left many thinking "Was that it?" For $399, 21 Inc will sell you a tiny computer...
Business Insider provides a great summary of the startups that are analyzing social data such as twitter to provide traders with an edge.
Traders are turning to Twitter to get in front of big market-moving trends. That in turn is creating an eco-system of companies...…
The former Citigroup and Bank of America executive has raised a $10m Series A to develop a robo advisor for women. The Series A was led...
A recent Broadridge report highlights that the financial services industry spends between $17b and $24b per year on core post-trade...
Unicorns and Dragons, but what about Honey Badgers? There has been 26 startups (SoFi being the latest one) that have raised more than...
A new “conflict of interest” rule is being debated in DC. The rule is designed to ensure that when it comes to saving for retirement,...
The company closed a $5.9m venture round. The round was led by QED, with participation from Victory Park, Fifth Street Asset Management,...
The payment startup based in Amsterdam has closed another round of funding, this time with a valuation of $2.3b. The round was completed...
Three months ago the Treasury Department requested information from Lending Club, this week the marketplace lender responded. The request...
In last week's newsletter, the central theme was the larger socio-economic role of financial services technology in the fight to end...
In what's being called the "largest single financing round in fintech," San Francisco based online student lender has raised $1bn led by...
"This type of business is not that large, but it has the potential to be disruptive and could be very large going forward." These are...
A lot has been written about blockchain's ability to change the infrastructure of financial institutions and the manner in which money...
Chicago based online lender Avant has raised $325m of private financing, led by General Atlantic Partners. Valuation on the deal is $2bn,...
It is still early days for P2P lending in Australia, but startups are eager to take a share of the $55bn personal loan market that has...
I think KPMG, Accenture, Bain, E&Y, Sapient and others might have beaten McKinsey to punch on delivering this ground breaking news to...
We really can learn a lot from emerging markets. Kenya launched the world’s first Treasury bond offered exclusively via a mobile phone in...
You can get a squeak out of Apple so it was pretty interesting to see Foursquare claiming that it could mine its trove of foot traffic...
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