FinTech

Platform News: Wise

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 Markets

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...

JP Morgan Banking App

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...

Stripe

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.

Platform Economy: Starting a simple business with Shopify e-commerce

Banks beware, outsiders are cracking the code for finance

Anyone can be a banker these days, you just need the right code.

Crypto Coins

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...

Platform Industry: ByteDance China company building

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 ...

Ant Group

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 ...

FinTech player, PayPal

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.

Platform News: PayPal

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...

Robinhood Markets on Wall Street

Robinhood shares dive; filing sparks worries early investors could sell

Shares of Robinhood Markets Inc have tumbled, snapping a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares.

Robinhood Markets

‘Meme du jour’ Robinhood stock soars over 20%, passes IPO price

Robinhood Markets Inc’s shares surged over 20% yesterday, adding more than $7 billion to the value of the online brokerage and elevating its stock above the price set in last...

Platform Economy: SEC

US SEC Chair Gensler calls on Congress to help rein in crypto ‘Wild West’

The chair of the US Securities and Exchange Commission has called on Congress to give the agency more authority to better police cryptocurrency trading, lending and platforms, a &#...

Afterpay

The $29 billion deal in 11 weeks: how Square bought Afterpay

Jack Dorsey introduced the world to expressing itself in just 140 characters as the creator of Twitter Inc, and his payments company, Square Inc, also likes getting straight to the...

Jack Dorsey

Jack Dorsey leads $29 billion buyout of lending pioneer Afterpay

Square Inc, the payments firm of Twitter co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant ...