Financial technology news
Here are some recent financial technology (fintech) news stories:
1. Digital Payments
- PayPal acquires a majority stake in Japanese fintech company Paidy for $2.7 billion (Source: Bloomberg)
- Google Pay launches a new feature allowing users to send and receive money internationally (Source: The Verge)
2. Blockchain and Cryptocurrency
- The US Securities and Exchange Commission (SEC) approves the first-ever bitcoin ETF (Source: CNBC)
- JPMorgan Chase launches a digital currency called JPM Coin for cross-border payments (Source: The Financial Times)
3. Lending and Credit
- LendingClub, a peer-to-peer lending platform, raises $500 million in funding (Source: TechCrunch)
- Credit Karma, a personal finance platform, launches a new credit card offering (Source: The Wall Street Journal)
4. Insurtech
- Lemonade, an insurance startup, raises $300 million in funding (Source: Forbes)
- Next Insurance, an insurtech company, raises $250 million in funding (Source: VentureBeat)
5. Banking and Financial Inclusion
- Revolut, a digital banking app, launches a new feature allowing users to buy and sell cryptocurrencies (Source: The Telegraph)
- M-Pesa, a mobile payment service, reaches 50 million users in Africa (Source: The Financial Times)
6. Artificial Intelligence and Machine Learning
- Fiserv, a fintech company, acquires a majority stake in AI-powered financial planning platform, SigFig (Source: Finextra)
- Capital One, a bank, launches a new AI-powered credit card offering (Source: The Washington Post)
7. Regtech
- RegTech firm, Quantexa, raises $20 million in funding (Source: Finextra)
- Compliance.ai, a regtech company, raises $10 million in funding (Source: VentureBeat)
8. Fintech Mergers and Acquisitions
- Fiserv acquires First Data, a payment processing company, for $22 billion (Source: The Wall Street Journal)
- PayPal acquires iZettle, a Swedish fintech company, for $2.2 billion (Source: Bloomberg)
These are just a few examples of the many fintech news stories that have been reported recently. Fintech continues to be a rapidly evolving industry, with new innovations and developments emerging all the time.