financial services

  • Cross River Bank gets unconventional validation with a $28M VC round

    Cross River Bank gets unconventional validation with a $28M VC round

    In a rare move, Battery Ventures, Andreessen Horowitz and Ribbit Capital, investors in a number of Silicon Valley’s fintech startups, have backed the bank enabling many of their investments to lurch forward. Cross River Bank, the obscure financial institution that seemingly everyone in fintech has heard of but doesn’t really know, originated more than $2.4 billion in loans for… Read More

  • Zelle p2p payments push to compete with Venmo now has 19 US FI backers

    Zelle p2p payments push to compete with Venmo now has 19 US FI backers

    The US finance industry might finally be getting its ducks in order to compete with the likes of PayPal-owned social payments platform Venmo. Today bank network operator Early Warning announced it has 19 US financial institutions signed up to a forthcoming payments network called Zelle, due to launch in early 2017. Read More

  • India’s financial giant Paytm nabs $60M at $4.83B valuation, raising $240M more

    India’s financial giant Paytm nabs $60M at $4.83B valuation, raising $240M more

    On the heels of large investments made in Flipkart and Snapdeal, another e-commerce juggernaut in India is closing in on an outsized round of funding to tap into India’s fast-growing, smartphone-fuelled economy. Paytm — a catch-all digital commerce platform that lets users create online and mobile digital wallets and use its e-commerce platform to pay for goods, services and… Read More

  • Square brings payment and capital offerings to TouchBistro and Vend customers

    Square brings payment and capital offerings to TouchBistro and Vend customers

    Square is turning point-of-sale companies that at one time could’ve been considered enemies into allies, with two new partnerships with Vend and TouchBistro. Square will now offer Vend and TouchBistro‘s restaurant, retail and other business owner clients full access to Square’s platform, including its hardware, payments infrastructure and financial service offerings (like… Read More

  • What’s next for personal financial services? Crunch Network

    What’s next for personal financial services?

    Already there has been a huge amount invested in fintech in 2016, with investors funding close to $9 billion in January and February alone. It is a sector of innovation that shows no signs of slowing down. If 2015 was the year of the great “Bank Unbundling,” it was also a year that saw the emergence of a new landscape of financial influencers taking a seat at the table. Read More

  • Banks and fintech in 2025: An unlikely alliance Crunch Network

    Banks and fintech in 2025: An unlikely alliance

    Banking as we know it is in the midst of its first fundamental remaking in centuries. What’s driving this transformation? Two major shifts: our transition to interacting with money digitally instead of physically, which opened finances to tech disruption, and a tech wave that has changed the way consumers define ease and convenience. Read More

  • The delayed revolution in digital financial services Crunch Network

    The delayed revolution in digital financial services

    Technology has transformed how we work, communicate and travel. In contrast, modern digital technology has not yet transformed financial services. Open data is the key to change in this sector of the economy. The time has come for the financial services industry to join the open data revolution. Read More

  • Fintech dominates Nordic startup investments Crunch Network

    Fintech dominates Nordic startup investments

    Between January 1, 2014 and end of March 2016, 51 fintech investments were made in companies in Sweden, Finland, Norway, Denmark and Iceland, totaling $390.17 million. Read More

  • Fintech’s $138 billion opportunity Crunch Network

    Fintech’s $138 billion opportunity

    Fintech is in the midst of a golden age of investment and innovation. According to KPMG and CB Insights, investments in fintech startups doubled between 2014 and 2015, to $14 billion. However, comparatively little of this money has been focused on the $138 billion market opportunity to disrupt alternative financial services in the United States. This lack of focus is damaging… Read More

  • From the streets to The Street Crunch Network

    From the streets to The Street

    The past several months have brought a string of terror attacks and violent incidents, which not only claim lives but cause worldwide feelings of fear and vulnerability. It seems that groups of terrorists like ISIS can strike when and where they want. As the authorities ramp up surveillance, such attackers simply adapt and change their tactics. They have learned to be patient and to leave… Read More

  • Wealthfront is updating its service with multiple integrations to give a more holistic view into financial health

    Wealthfront is updating its service with multiple integrations to give a more holistic view into financial health

    Wealthfront, the West Coast robo-advisor battling Betterment for the top spot in tech-enabled wealth management, is launching a new version (and vision) of its wealth management service. The Redwood City, Calif.-based company is integrating with tools like Venmo and Redfin to get an even more complete picture of its customers financial holdings. Read More

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