Financial Platform News

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

Wall Street

Accenture beats quarterly estimates

Reuters – Accenture Plc beat Wall Street estimates for first-quarter earnings on Thursday, as investments in its fast-growing digital and cloud services businesses continue t...

London

Finance’s final frontier? British watchdog probes data sharing

LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings,...

e-commerce

Swedish FinTech company Klarna to enter Australia and other markets next year

BERLIN (Reuters) – Swedish financial technology company Klarna plans to launch in Australia and other markets in 2020 after a strong start for its ‘buy now, pay later&#...

PAyPal

PayPal to buy rewards platform Honey Science for $4 billion

Reuters – Payment processor PayPal said on Wednesday it would buy privately held shopping and rewards platform Honey Science Corp for about $4 billion (£3.10 billion).

Japan e-Money

Nearly 20% of Japan households using e-money but cash still king

TOKYO (Reuters) – Almost a fifth of Japanese households use electronic money for small purchases, a survey by a central bank-affilated research institute showed, up from a ye...

Revolut

Revolut plans to raise $500 million next year to fund global expansion

SINGAPORE (Reuters) – British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expand...

Libra

Facebook’s cryptocurrency Libra and digital wallet Calibra

SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with sceptic...