A recent study made by Fiserv, a global payments company, shows that QR and digital wallets have grown significantly as payment options in Argentina. While credit card preference has stagnated, the us...
Tag: Fintech
Third-biggest bank failure in U.S. history
The Signature Bank headquarters at 565 Fifth Avenue in New York, US, on Sunday, March 12, 2023. Lokman Vural Elibol | Anadolu Agency | Getty Images On Friday, Signature Bank customers spooked by the s...
Auction process is reportedly underway to find a buyer for Silicon Valley Bank
A sign is posted in front of the Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Federal regulators are conducting an auction for Si...
Here’s what could happen next for Silicon Valley Bank customers
A customer stands outside of a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Silicon Valley Bank’s customers, alon...
Treasury Secretary Janet Yellen says U.S. government won’t bail out Silicon Valley Bank
Janet Yellen, US Treasury secretary, speaks during a Financial Stability Oversight Council (FSOC) meeting at the Treasury Department in Washington, DC, US, on Friday, Dec. 16, 2022. Ting Shen | Bloomb...
Venture investors vow to work with Silicon Valley Bank if new owner found
A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images More than three hundred venture capital firms have signed a joint state...
Silicon Valley Bank employees received bonuses hours before takeover
Police officers leave Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Silicon Valley Bank employees received their annual bonuses Frida...
Fintech Brex got billions of dollars in Silicon Valley Bank deposits Thursday
Fintech startup Brex received billions of dollars in deposits from Silicon Valley Bank customers on Thursday, CNBC has learned. The company, itself a high-flying startup, has benefited after venture c...
Crypto VCs urge portfolio companies to pull funds from Silicon Valley Bank
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank, which is struggling to reassure clients after moves to shore up its balance ...
Fintech Nexus Industry Awards to Recognize Top Performers in Fintech
NEW YORK–(BUSINESS WIRE)–#banks–The Fintech Nexus Industry Awards is set to take place on May 11, 2023 at the Edison Ballroom, NYC at 6pm EST. The event will recognize and celebrate the achievements o...
Nigeria Fintech Flutterwave Denies Client Account Hacking Reports – Fintech Bitcoin News
The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitorin...
$33 billion fintech giant Revolut reports first-ever annual profit
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Financial technology giant Revolut reported its first-ever annual profit in 2021, according to ...
Investment surges in DIFC FinTech firms ahead of Dubai FinTech Summit
Investment in DIFC’s FinTech and innovation community exceeded USD615 mn in 2022. First edition of Dubai FinTech Summit, organised by DIFC, set to convene over 5,000 international experts and policyma...
Fintech Giant Revolut Boasts First-Ever Annual Profit After Crypto Boom
Topline Fintech giant Revolut, one of Europe’s most valuable startups, reported turning its first ever annual profit in 2021 on Wednesday, a major milestone for the company spurred on by soaring publi...
Step into the spotlight of fintech in Bangkok with the iFX EXPO
iFX EXPO Asia 2023 is the premier event for business networking and collaboration in the financial and fintech space. The event is set to take place from June 20 to 22, 2023, in the vibrant city of Ba...
Step Into The Spotlight of Fintech In Bangkok With iFX Expo
iFX EXPO Asia 2023 is the premier event for business networking and collaboration in the financial and fintech space. The event is set to take place from June 20 to 22, 2023, in the vibrant city of Ba...
Sequoia and a16z Make More Investments in Fintech than in Any Other Sector in 2022
Leading VC giants Sequoia & a16z undertook several investments in the fintech space in 2022, more than any other sector. Sequoia Capital and Andreessen Horowitz (a16z) reportedly invested more in ...
Why Goldman’s Marcus project failed and what it means for CEO Solomon
David Solomon, chief executive officer of Goldman Sachs Group Inc., during an event on the sidelines on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. S...
Sequoia Capital and a16z Invested Heavily in Fintech in 2022
Major venture capital firms are doubling down on fintech, with the industry dominating the portfolios of firms like Sequoia Capital and a16z. Both firms invested significant amounts into the space in ...
PayPal’s Outgoing CEO Dan Schulman Buys Up Stock
PayPal Holdings stock has lost all of its gains from the pandemic era, when homebound shoppers used its services to buy online. The financial-services company’s outgoing president and CEO Dan Schulman...
Cross River and Senator Monique Limón Bring Together Leading Bank and Fintech Experts to Discuss Consumer Lending and Responsible Bank Partnerships
Senator Limón’s Groundbreaking Legislation (AB539) Promotes Access to Responsible Consumer Lending for Californians That Includes 36% Interest Rate Cap and Supports the Inclusion Efforts of DFPI Cross...
Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO – Fintech Bitcoin News
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of ax...
Wells Fargo boosts digital connection with rich clients
Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo is unveiling a new platform to boost digital engagement ...
Satoshi’s Index Becomes First Fintech Company to Use NFTs for Software License Ownership
The technology innovation uses NFTs to authenticate user ownership and permissions by recording software licenses of their product on the Ethereum blockchain SEATTLE–(BUSINESS WIRE)–Satoshi’s Index, t...
Crypto and Fintech industries in UK saw investment dry up in 2022
Crypto industries saw not-so-appealing outcomes emerge last year following multiple collapses. Aligned with the fall, investments continue to dry within the fintech industry in the United Kingdom. Oth...
Vietnam Fintech Revolution Summit 2023
3 hours ago | 2 mins read Press Release We TraiCon Events will be hosting Vietnam’s premier fintech event titled as “Fintech Revolution Summit” supported by Vietnam Association of Financial Investor s...
Layoffs spell opportunity for some fintech startups
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it d...
UK Fintech Investment Fell Nearly 60% in 2022: KPMG Report
The United Kingdom’s crypto and fintech industries saw investment dry up in the latter half of 2022 amid a combination of turbulent macroeconomic conditions and record-high inflation. Businesses in th...
Wall Street Expects Brutal Coinbase Earnings. Why an Analyst Upgraded the Stock.
Wall Street is mostly muted ahead of earnings from Coinbase Global expecting to see deep losses and the lowest quarterly sales in two years from the cryptocurrency broker when the group reports earnin...