CoinZoom’s ZoomMe Platform Brings Zero Fees to International Remittance
For anyone who has to frequently send money internationally, ZoomMe could be a great and affordable option to cut down on transaction costs.
FinTech News
Find latest news about FinTech - the technology that drives the development of financial applications, processes and products revolutionizing the way we live 
KMB Stock Up 3.25% Following Release of Kimberly-Clark Year-End 2020 Results
Kimberly-Clark’s full-year 2020 net sales came up at $19.1 billion, showing a 4 percent increase, with organic sales up 6 percent. The organic sales for the fourth quarter grew by 5 percent.
Sweden’s Payments Firm Trustly Planning $11 Billion IPO
By Daria Rud
Trustly’s parent company, Nordic Capital, is working with Goldman Sachs, JPMorgan Chase, and Carnegie on the IPO. Besides, it is reportedly in the process of hiring more banks to launch the IPO in late April or early May.
Crypto Lending and DeFi Can Become Threat to Banking System
By Andy Watson
Today, the most reliable options are hybrid services like BitcoLoan, which provide users’ finances with a reliable platform to work with.
Will Paypolitan Take Over TenX?
By Andy Watson
Paypolitan is expected to provide TenX users a product that will seamlessly satisfy their needs.
Fintech-Crypto Duo Building Something Inherently Transformational in 2021
By Ryan Jason
2020 was an exciting year for crypto, but 2021 will reshape the Fintech landscape by incorporating financial transactions of different virtual currencies.
What Is DeFi: Term People Want to Know
By Divyansh
Defi supplies the world’s new and large ranges of transparency to customers.
Plaid to Double Its Workforce in Europe Despite Scrapped Visa Deal
By John K. Kumi
Currently, Plaid has 40 employees in its London and Amsterdam offices with 10 more employees located internationally.
Visa Pulls Out From $5.3 Billion Deal with Plaid
By Kofi Ansah
The DOJ claimed that Visa is enjoying a monopoly on the online debit business, charging exuberant fees from both merchants and consumers to process online payments, which brings them billions of dollars in fees each year.
Checkout.com Raises $450M in Series C Funding
The Checkout.com Series C funding was led by Tiger Global Management.
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.
Click to see more