FinTech Platform News

News and analysis of FinTech and financial platforms, ranging from payment processing and credit through to retail banking and investment services.

NuBank

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.

Platform News: Tech Titans including Facebook, Google, Amazon and Apple

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 ...

Platform News: YouTube video streaming on a desktop computer

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...

FinTech player, PayPal

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...

Platform News: Jack Ma, the founder of Alibaba

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...

Platform news: Artificial intelligence AI

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

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 ...

Cryptocurrency

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...

Facebook

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...

Platform Economy: SEC

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 Crypto

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...

Platform News: Japan's SoftBank

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...

Platform News: GameStop

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...

Zix

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.