FinTech Platform News
News and analysis of FinTech and financial platforms, ranging from payment processing and credit through to retail banking and investment services.
Platform stampede as investors hunt Latin American unicorns
When Sebastian Kanovich co-founded Latin American digital payments start-up dLocal in Montevideo in 2016, he struggled to get global retailers to take him seriously.
US consumer watchdog to query tech giants over financial data
The US consumer watchdog is expected this week to query tech giants including Facebook, Amazon and Google on how they handle consumer financial data as part of a broader effort to ...
South Korea: An army of retail investors flocks to YouTube
Millions of South Koreans have jumped into stock market trading over the past year with their enthusiasm feeding off a new market force – popular investment channels on YouTu...
Sources: PayPal in $45 billion bid for Pinterest
PayPal has offered to buy Pinterest for some $45 billion, people familiar with the matter have suggested, a combination that could herald more financial technology and social media...
Jack Ma spotted in Mallorca in rare trip abroad after China scrutiny
Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers have said, on his first known trip abroad since he fe...
AI can see through you: CEOs’ language under machine microscope
Chief Executives and others in senior management are increasingly coming under the microscope as some investors use artificial intelligence to learn and analyse their language patt...
Westpac to launch zero-interest digital card with young consumers in focus
Westpac Banking Corp said on Wednesday it would launch a digital credit card this year that would offer zero interest and be aimed primarily at young customers who are seeking the ...
US futures-based bitcoin ETF rises in first day of trading, bitcoin nears record
The first US bitcoin futures-based exchange-traded fund began trading yesterday, sending bitcoin to a six-month high and just off its all-time peak, as traders bet the ETF could bo...
US lawmakers say Facebook cannot be trusted to manage cryptocurrency
A group of US lawmakers said Facebook Inc cannot be trusted to manage cryptocurrency and urged the social media platform to discontinue immediately a small pilot of its cryptocurre...
Why did the SEC release a report on GameStop?
The The SEC has released a report examining the frenzied trading in shares of retailer GameStop Corp, and other ‘meme’ stocks, in January, and recommended some areas fo...
New York directs two cryptocurrency lending platforms to cease activity
Two cryptocurrency lending platforms were asked to cease activities in New York by the state’s attorney general on Monday and three other platforms were directed to provide i...
UK FinTech Zopa hits $1 billion valuation with SoftBank investment
British digital bank Zopa has raised $300 million from investors including SoftBank Group, it has said, as the lender looks to expand its business ahead of a possible listing as so...
US SEC praises equity market structure, absolves short sellers in GameStop report
The US markets functioned well during January’s GameStop volatility, while short selling was not the main cause of the unprecedented rise in the ‘meme stock,’ acc...
Sources: Email security software vendor Zix explores sale
Zix Corp, a US provider of email security solutions, is exploring strategic alternatives that include a sale of the company, according to people familiar with the matter.