Singapore’s digital fintech companies are attracting investor attention and dollars in 2019. Fresh from Singapore Life — a digital-only insurer — raising $33 million across two recently closed rounds, so Credit Culture, a digital loan specialist — has banked SG$40 million ($29.5 million) ahead of its imminent launch. Credit Culture has raised its capital from […]
View More Singapore’s Credit Culture raises $29.5M for its soon-to-launch digital loan businessCategory: Banking
Hola Code tackles the real migration crisis
Tamara Davison Contributor Share on Twitter Tamara Davison is a British journalist reporting from Mexico. She has written for The i Newspaper and Entrepreneur as well as many regional newspapers worldwide, and she is the current editor of Aztec Reports. After spending eight months in an immigration facility in the United States, Abimael Hernandez made […]
View More Hola Code tackles the real migration crisisMillions of bank loan and mortgage documents have leaked online
A trove of more than 24 million financial and banking documents, representing tens of thousands of loans and mortgages from some of the biggest banks in the U.S., has been found online after a server security lapse. The server, running an Elasticsearch database, had more than a decade’s worth of data, containing loan and mortgage […]
View More Millions of bank loan and mortgage documents have leaked onlineA private equity bet in Latin America proves the strength of fintech investments there
Latin America is getting another fintech unicorn thanks to Advent International’s acquisition of a 51 percent stake of Prisma Medios de Pago, an Argentine payments company formed as a joint venture between Visa International and local banks. The deal, which values Prisma at $1.42 billion, is yet another sign of Latin America’s growing prominence for […]
View More A private equity bet in Latin America proves the strength of fintech investments thereTechCrunch Conversations: Direct listings
Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply sold existing shares held by insiders, employees and investors directly to the market – bypassing the roadshow process and avoiding at least some of Wall […]
View More TechCrunch Conversations: Direct listingsA new Square debit card makes it easy for businesses to spend their Square revenue
Square is announcing a new debit card, called the Square Card, which will allow businesses to withdraw and spend the money they’re bringing in through Square payments. In a conference call with reporters, the company laid out a number of benefits that the card should offer to Square sellers. The big one: It could help […]
View More A new Square debit card makes it easy for businesses to spend their Square revenueNew policy puts revenue squeeze on China’s payments giants
The era that saw China’s mobile payments providers making handsome interest returns on client money has officially ended. Starting this week, non-bank payments companies must place 100 percent of their customer deposit funds under centralized, interest-free accounts as Beijing moves to rein in financial risks. In the past, third-party payments firms were allowed to hold […]
View More New policy puts revenue squeeze on China’s payments giantsAutomation will be the end of banks as we know them
The unbundling of the bank has begun.
View More Automation will be the end of banks as we know themEquifax, Western Union, Priceline settle with New York attorney general over insecure mobile apps
New York’s attorney general has settled with five tech and financial giants, requiring each company to implement basic security on their mobile apps. The settlements force Credit Sesame, Equifax (yes, that Equifax), Priceline, Spark Networks and Western Union to ensure data sent between the app and their servers are encrypted. Specifically, the attorney general said […]
View More Equifax, Western Union, Priceline settle with New York attorney general over insecure mobile appsRobinhood’s 3% interest checking & savings may not be properly insured
Robinhood’s new high-interest, zero-fee checking and savings feature seems to be too good to be true. Users’ money may not be fully protected. The CEO of the Securities Investor Protection Corporation, a non-profit membership corporation that insures stock brokerages, tells TechCrunch its insurance would not apply to checking and savings accounts the way Robinhood claims. “Robinhood […]
View More Robinhood’s 3% interest checking & savings may not be properly insuredRobinhood launches no-fee checking/savings with Mastercard & the most ATMs
Robinhood is undercutting the big banks by forgoing brick-and-mortar branches with its new zero-fee checking and savings account features. With no overdraft or monthly fees, a juicy 3 percent interest rate, and a claim of more US ATMs than the five biggest banks combined, Robinhood is using the scalability of software to pass impressive perks […]
View More Robinhood launches no-fee checking/savings with Mastercard & the most ATMsTransferWise keeps growing money transfers despite global turbulence
You don’t have to follow the financial technology industry or work with developers in faraway lands to know TransferWise, arguably the world’s leading peer-to-peer money-transferring startup. Thanks to its presence in more than 70 countries, low-cost rates for moving money internationally and, of course, its famous “nothing to hide” PR campaign that featured its semi-naked […]
View More TransferWise keeps growing money transfers despite global turbulence