FinTech Platform News

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

Singapore

Update: Razer and Ant Financial apply for a digital banking licenses in Singapore

California-based gaming business Razer Inc has stated that it is leading a consortium of companies that has applied for a online bank license in Singapore, thus joining the race to...

Platform News: Wall Street in New York

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

Platform Economy: e-commerce shopping from a retail website

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

BERLIN – 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’ serv...

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 – 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 year ago and...

Revolut

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

SINGAPORE – 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 expands in marke...

Libra

Facebook’s cryptocurrency Libra and digital wallet Calibra

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