FinTech
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...
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...
Global Payments Chief Executive says its open to big deals again
Global Payments Inc CEO Jeff Sloan has said in an interview he would be open to a large acquisition again, two years after acquiring peer TSYS in a $21.5 billion all-stock deal, wh...
Robinhood introduces 24/7 phone support after communications criticisms
Robinhood Markets Inc has said it had introduced 24-hour customer phone support, seven days a week, addressing criticisms over the app-driven retail brokerage’s communication...
Wise PLC to join the New Payments Platform in Australia
Digital money transfer group Wise Plc will join an Australian payments network which should allow transfers to be settled in the country faster and at lower cost, Chief Executive O...
Robinhood to begin testing crypto wallets, with broader launch in 2022
Robinhood Markets Inc said it plans to begin testing cryptocurrency wallets next month, with a broader rollout in early 2022, allowing its users to move supported digital currencie...
JPMorgan takes on UK rivals with launch of digital bank Chase
JPMorgan is challenging British rivals on their home turf with the launch of its long-awaited digital retail bank, Chase, as part of what the US lender hopes will be a global expan...
Online payments business Stripe adds more jobs to Irish hub
Digital payments processor Stripe Inc will add hundreds of new engineering jobs in Dublin over the next three years, Americas most valuable technology start-up has said.
Banks beware, outsiders are cracking the code for finance
Anyone can be a banker these days, you just need the right code.
Interactive Brokers launches cryptocurrency trading
Interactive Brokers Group has said it has launched low-fee cryptocurrency trading on its platform, making it the latest online retail brokerage to add digital assets to its offerin...
ByteDance says it will downsize FinTech business
China’s ByteDance, the owner of TikTok, has said that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China’s ...
Chinese state firms to take big stake in Ant’s credit-scoring JV
State-backed firms are set to take their first sizeable stake in a key Ant Group asset as part of the Chinese FinTech giant’s regulatory-driven revamp that was ordered after ...
CNBC reports that PayPal is exploring stock-trading platform for US users
Shares of PayPal Holdings Inc jumped yesterday after a report that it is exploring ways to let its US customers trade individual stocks on its platform.
PayPal’s Venmo allows credit cardholders to buy crypto with cashback
Paypal Holdings Inc-owned Venmo has rolled out a feature that would allow holders of its credit cards to automatically buy cryptocurrencies with the cashback earned on their purcha...