12/27/2023 8:31:12 PM OakNorth appoints Adair Turner as chair as it mulls IPO By FinTech Collective OakNorth, the digital lender backed by Softbank, has appointed former City watchdog head Lord Adair Turner to the role of chair as it...
12/27/2023 8:27:03 PM Indonesia’s Bank Mandiri ‘strikes back’ at fintech rivals By FinTech Collective Surging downloads and use of its two-year-old digital banking apps are boosting the confidence of Indonesia's top lender Bank Mandiri, as...
12/22/2023 10:52:15 PM Wall Street couldn’t beat private credit. Now it wants a cut By FinTech Collective Big banks lost out on billions in fees as direct lenders lured away corporate borrowers. The future of their leveraged lending businesses...
12/21/2023 3:06:58 PM Safe partners with Sygnum, CoinCover for crypto recovery By FinTech Collective Safe, a smart wallet infrastructure company, partnered with digital asset banking company Sygnum Bank and CoinCover, a recovery service...
12/21/2023 3:01:16 PM Goldman-backed Vestwell raises funds at $1b valuation By FinTech Collective Vestwell, a savings and investment platform backed by Goldman Sachs Group Inc., has raised $125m in a new funding round as the startup...
12/20/2023 7:56:43 PM Ocrolus achieves significant technology and customer growth in 2023 amid market challenges By FinTech Collective Throughout the year, Ocrolus added over 100 new customers including small business, mortgage, consumer and auto lenders, as well as...
12/20/2023 7:03:57 PM The hot new market in crypto? Trading FTX’s carcass By FinTech Collective Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the...
12/19/2023 10:24:32 PM CFPB director says regulators must monitor tech’s role in finance By FinTech Collective Regulators must use their legal authorities to guard against risks posed by the growing role of large technology firms in the financial...
12/19/2023 10:19:09 PM Galaxy Digital targets more crypto bankruptcy asset sales after FTX deal By FinTech Collective Galaxy was chosen in August by administrators of [FTX] to sell, hedge and stake FTX's bitcoin and ether coins, as well as its holdings of...
12/19/2023 10:13:59 PM Affirm brings installment payments to Walmart self-checkout By FinTech Collective Buy now, pay later provider Affirm has expanded its long-standing partnership with Walmart. With this expansion, Affirm pay-over-time...
12/18/2023 10:02:43 PM TD Bank Group and Plaid enter into North American data-access agreement By FinTech Collective TD Bank Group and Plaid today announced that they have entered into a North American data-access agreement that will enable TD customers...
12/18/2023 9:47:12 PM Why it’s taking so long for Americans to get payments instantly By FinTech Collective Hundreds of banks use Fed’s new instant-payment service, but universal availability could remain a long way off. The Fed declined to...
12/18/2023 9:34:49 PM Robinhood woos wealthier clients from bigger brokerages By FinTech Collective Through Wednesday, the trading app received about $1.1b in account transfers since Oct. 23, when it began offering a 1% match on...
12/15/2023 8:09:49 PM PSR provisionally proposes to cap cross-border interchange fees on credit and debit cards to protect UK businesses By Cristobal de Atucha The Payment Systems Regulator (PSR) has published the interim report for its market review into cross-border interchange fees. It is now...
12/15/2023 8:02:47 PM Sale of Silicon Valley Bank’s old venture capital arm hits a snag By Louden Richason Two front-runners had been vying for SVB Capital: a duo of Anthony Scaramucci’s SkyBridge Capital and Atlas Merchant Capital, and San...
12/15/2023 8:00:44 PM $4.7b European fintech firm Pleo appoints new CFO, pointing to IPO hopes By Cristobal de Atucha Danish fintech firm Pleo has appointed Soren Westh Lonning, a financial services executive with more than 20 years at companies such as...