Report Suggests Venmo Causes Huge Spike in P2P Payments in U.S.
The advent of Venmo and now Zelle is having a huge impact on peer to peer payments mobile payments according...
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Banks Aren’t Looking for an AI ‘Eureka’ Moment
EXCLUSIVE — After a year of AI hype, financial institutions seem more interested in building out an open banking ecosystem...
Nasdaq Acquires Cloud Analytics Platform eVestment for $705M
Nasdaq, the digital stock exchange, will acquire cloud analytics platform eVestment to provide enhanced data-driven returns to institutional investors. Nasdaq...
China Rapid Finance Is Expecting to Add 3M New Borrowers by End of 2017
EXCLUSIVE — Shanghai-based online lender China Rapid Finance reported a 240% growth in consumer loan volume year-over-year and is expecting...
New Amex Debit-Like Features Seek to Entice Millennials
EXCLUSIVE—With the new “Pay It, Plan It” features announced this week, credit provider American Express is banking on a more...
Chinese and Indian Fintech: An Unexpected Partnership
India may overtake China as the world’s leader in fintech service adoption, according to a report released by Ernst &...
Visa Suspends CryptoCards Xapo And Shakepay Outside of the EU
Visa has halted two cryptocurrency card providers, Xapo and Shakepay, from providing their services to customers who live outside of...
Mortgage Software Company Ellie Mae Picks Up Velocify in an All-Cash Deal
Ellie Mae, a cloud-based mortgage origination company, agreed to acquire Velocify, a sales acceleration platform for $128 million in cash....
UBS Virtual Currency Initiative Adds New Banks
A virtual currency initiative led by UBS Group AG has gained six new members, including banks Credit Suisse and Barclays,...
Ant Financial Digs in its Heels in Mobile Payment Battle Against Tencent
Ant Financial, which operates Chinese internet giant Alibaba’s Alipay mobile payment app, just made two maneuvers to gain ground in...
