European Fintech Klarna to Lose Two-Thirds of Its Valuation, Seeks $500M Fundraise
Not so long ago Klarna was planning to raise $1 billion, which would bring its valuation to a 30 billion range.
FinTech News
Find latest news about FinTech - the technology that drives the development of financial applications, processes and products revolutionizing the way we live 
Samsung Combines Samsung Pay and Samsung Pass to Samsung Wallet
Samsung plans to expand the Wallet’s functionality to store official identification cards like student IDs and mobile driver’s licenses.
PayCargo Raises $130 Million in Series C Funding Round
The PayCargo platform is providing a seamless way for companies in the business of shipping and cargo services, to pay each other.
Nume Raises $2M in Funding from Sequoia Capital India, Others to Facilitate Seamless Crypto Payments
By Tolu Ajiboye
Crypto payment gateway Nume Crypto generated funding from a host of VC firms to offer upcoming products NumePay and NumePay Business.
JPMorgan Planning to Bring Trillions of Dollars of Tokenized Assets to DeFi
By Daria Rud
As JPMorgan has explained, it believes that integrating DeFi products will further grant its institutional clients more connections to the digital assets world.
Mastercard Announces Crypto Partners for NFT Payment Services Initiative
By Tolu Ajiboye
Mastercard is putting more work into floating a seamless NFT payments services and has recruited a few crypto partners to help.
Starling Bank CEO Anne Boden Says Crypto Is ‘Very Dangerous’
Boden said companies offering cryptocurrency services still have a very long way to go when it comes to implementing Anti-Money Laundering (AML) checks.
Checkout.com Rolls Our Stablecoins Feature to Merchants
Checkout.com announced its stablecoins move amid the general crypto fiasco. Major crypto assets have plunged substantially from their ATHs last year, and Bitcoin has lost over 50% from its record high.
Apple to Add Buy Now, Pay Later Feature in Apple Pay
By Daria Rud
In addition to Buy Now, Pay Later feature, a lot of other updates have been announced, including the addition of new functions in Safari, Siri, Apple Maps, Apple News, Fitness, and Health.
Ant Group Launches Digital Bank ANEXT in Singapore
The establishment of ANEXT is a sign that the firm is still keeping track of its growth push, and should the new firm trail Ant Group’s style of growth, it stands the chance of becoming a mega unicorn in the near future.
Financial Technology News
The word “fintech” is derived from “financial technology” which means the integration of technological tools and innovations into financial operations in order to enhance and automate the financial processes. Fintech is used to assist financial institutions, businesses in the management of their operations to provide better services to their customers. As the industry of fintech is actively evolving, there is no surprise at all that the news from this sphere can attract wide attention.
Adoption of fintech by a company would mean a significant change to their mode of operations as it involves the use of specialized algorithmic models, mobile applications and dedicated computer software packages.
At its initial introduction stage, companies from a range of industries including banking, education, fundraising, health, venture management, etc. only used fintech for back end systems where they get absolute and full control. Nowadays, most industries have started using the innovation for consumer-oriented services in an attempt to serve their clients better while increasing the transparency in their operations.
Impact of Fintech News
As we move towards a significantly digitized world, from the introduction of the internet to social media, smartphone evolution and now blockchain technology, the need for adoption of cryptocurrency cannot be overemphasized. As the underlying framework of pioneer cryptocurrency bitcoin, the blockchain is a vital part of fintech. We’ve seen a number of blockchain-powered fintech apps being employed by banking industries and data inclined platforms.
Fintech has become a major part of the finance space in recent years, this points to the fact that major conglomerates have identified and prioritized its importance in growing their businesses. Fintech works closely with other new technologies such as data-driven analytics and marketing, machine learning, artificial intelligence, etc.
Coinspeaker presents the best and latest Fintech news, ranging from its use in cross border payments, startup business fundraisers, venture management, credit application, to remote banking, as investors and stakeholders’ awareness about the innovation continues to rise daily.
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