What is fintech?
Mckinsey and Company
JANUARY 16, 2024
Fintechs are companies that rely primarily on technology and cloud services—and less so on physical locations—to provide financial services to customers.
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Fintechs: A new paradigm of growth
Mckinsey and Company
OCTOBER 24, 2023
After decades of hypergrowth, fintechs have entered a new era of value creation, where the focus is on sustainable, profitable growth. This report examines how fintechs can win in these disruptive times.
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Will the CFPB Examine Fintechs Soon?
N Contracts
JANUARY 24, 2024
Many fintech companies expect the financial institutions and middleware BaaS aggregators they partner with to bear responsibility for compliance. But as a recent proposal from the Consumer Financial Protection Bureau (CFPB) reminds us, fintechs can’t absolve themselves of this responsibility.
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Europe’s fintech opportunity
Mckinsey and Company
OCTOBER 26, 2022
Fintech has moved from the fringes of European finance to its core, but performance varies widely. If all countries could match the best in region, the economic benefits would be considerable.
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Fintech in Africa: The end of the beginning
Mckinsey and Company
AUGUST 28, 2022
Africa’s fintech industry is coming of age. In the face of political and economic challenges and a global pandemic, fintech on the continent is booming. Here’s what comes next.
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Fintech 'Prenups': Planning For A Card Program Breakup
Law 360 M&A
MARCH 13, 2024
After a year of economic downturns, some banks and their fintech partners are realizing they may have rushed to the altar without a good prenup, but planning ahead can curb both foreseeable and unexpected issues in the event of a termination of a bank-fintech card-issuing agreement, say Andrew Grant at Ketsal and Richard Malish at Community Federal (..)
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EXCLUSIVE: Janover Expands Fintech Frontier With Acquisition Of Groundbreaker Technologies, Bolstering SaaS Offerings in Real Estate
Benzinga
NOVEMBER 20, 2023
Janover Inc (NASDAQ: JNVR ), a B2B fintech marketplace connecting commercial property borrowers and lenders, announced that it has acquired Groundbreaker Technologies, Inc., Also Read: EXCLUSIVE: Janover's Q3 Shows Strong Sales Growth but Increased Net Loss, Focuses on AI and Strategic Partnerships What Happened?
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Global Fintech Industry Report
Benchmark Report
JULY 13, 2023
The global fintech (or financial technology) market was valued at $194 billion in 2022. From 2023, it expects to grow at a compound annual growth rate (CAGR) of 16.8% to reach $492.81 billion by 2028.
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Fintech in MENAP: A solid foundation for growth
Mckinsey and Company
MAY 24, 2023
Fintech in the Middle East and North Africa is burgeoning, thanks to funding increases and revised licensing regimes. Sustaining growth will require concerted effort by businesses and governments.
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Javelin Owner Sues In Chancery To Shut Down Fintech Wire
Law 360 M&A
JANUARY 9, 2024
Escalent, a Michigan research and consulting firm for the fintech industry, has filed a lawsuit in Delaware Chancery Court against the former CEO of a company it recently purchased, saying the ex-exec has launched a fintech newswire that duplicates the one he sold to Escalent.
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Cannabis Fintech Withheld $500K In $7.5M Deal, Suit Says
Law 360 M&A
FEBRUARY 12, 2024
A Washington state-based fintech firm that provides payment solutions to cannabis retailers failed to pay the final $500,000 in a $7.5 million deal to buy a rival company, according to a breach-of-contract suit filed in Seattle federal court.
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Are Fintechs the Future?
N Contracts
APRIL 28, 2022
5 types of fintechs you should consider partnering with.but make sure it aligns with your mission, vision, and values.
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Targeting an untapped fintech market worth trillions: A conversation with Arta Finance’s Caesar Sengupta
Mckinsey and Company
FEBRUARY 26, 2024
The CEO of a cutting-edge fintech explain how his start-up offers investment services once reserved for the ultrawealthy to successful professionals.
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Fintech and the False Promise of Techno-Solutionism
Reynolds Holding
JANUARY 24, 2024
For about a decade, financial regulators have been grappling with the rise of fintech, and the ways in which it disrupts financial regulation. In a new draft article , I argue that financial regulators need to engage more critically with the “tech” aspects of fintech. But something is often lacking in these policy conversations.
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2022 Fintech Industry Report
Benchmark Report
MAY 27, 2022
The global fintech market was valued at $6.5 trillion in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 13.9% between 2022 and 2028 to reach $16.65 trillion.
eToro Confirms Terminating SPAC Merger With FinTech Acquisition: Key Takeaways
Benzinga
JULY 5, 2022
Special purpose acquisition company ( SPAC ) FinTech Acquisition Corp V (NASDAQ: FTCV ) and leading social investing network eToro Group Ltd mutually agreed to terminate their merger plan immediately. Media reports floated earlier over the possible termination of the deal. Initially announced in March 2021, the proposed merger was subject to.
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Fostering fintech in green finance: An interview with Sopnendu Mohanty
Mckinsey and Company
SEPTEMBER 27, 2022
The Chief FinTech Officer of the Monetary Authority of Singapore (MAS) believes that setting up a foundational infrastructure for data is needed to achieve sustainable finance.
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First Quarter Losses & Lax Compliance: Two Real-Life Fintech Due Diligence Mistakes to Avoid
N Contracts
JULY 26, 2022
Fintech relationships are game changers for financial organizations. These relationships help banks, credit unions, mortgage companies, and other fintechs satisfy consumer demands and keep pace in a rapidly evolving marketplace.
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7 Potential Risks of Working with Fintechs
N Contracts
JUNE 9, 2022
Partnering with fintechs can provide financial institutions with some outstanding opportunities to leverage the latest technological innovations, streamline existing processes, and avoid costly infrastructure or in-house development expenses. Risk can never be avoided, but it can be anticipated.
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It's Time for Accountants to Embrace Fintech
Accounting Web
MAY 26, 2022
Trends It's Time for Accountants to Embrace Fintech.
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Springtime for Canada’s fintech industry?
Mckinsey and Company
APRIL 16, 2024
The uptake of digital financial services is low in Canada compared with other similar economies. Developments in five areas will determine if the industry is about to blossom.
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African payments company makes rare purchase of US fintech
Financial Times M&A
JUNE 6, 2022
Deal by MFS Africa is further evolution of continent’s rapidly growing fintech scene
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Private Fintech Company Upgrade Buys Uplift For $100M
Benzinga
JULY 28, 2023
The private fintech company, Upgrade, Inc. disclosed the acquisition of Uplift, Inc. for $100 million in cash and stock transaction. Uplift offers Buy Now Pay Later (BNPL) payment and credit products to travelers, currently serving 3.3 million customers in collaboration with over 300 of airlines, cruise lines, and hotel companies in the U.S.
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Fractionalizing Investment Securities: Using FinTech to Expand Financial Inclusion
Reynolds Holding
APRIL 4, 2023
Recent innovations in financial technology, or “FinTech,” are enabling the fractionalization of shares of stock, bonds, and other investment securities into units (“fractionalized securities”) that are small enough for virtually any investor to afford. For perspective, we observe that FinTech itself has been around for decades.
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72% of Banks and Credit Unions Prioritize Compliance When Evaluating Fintechs, According to Ncontracts Survey
N Contracts
SEPTEMBER 12, 2023
September 12, 2023 -- Ncontracts , the leading provider of integrated compliance and risk management solutions to the financial industry, revealed today that 72% of banks and credit unions are prioritizing compliance when evaluating fintechs, citing it as their top criteria in the due diligence process. BRENTWOOD, Tenn.,
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FTX Bought Government’s Silence; Did Fintechs Buy Attacks on Appraisers?
Appraisers Blog
DECEMBER 23, 2022
The post FTX Bought Government’s Silence; Did Fintechs Buy Attacks on Appraisers? Appraisers Should Closely Watch Probe of Departed Brookings… The chief of the Brookings Institution, a retired four-star general, resigned last month under investigation of lobbying on behalf of…. appeared on Appraisers Blogs.
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Advance Your Knowledge With a Fintech 201 Guide
Accounting Web
JUNE 10, 2022
Growth Advance Your Knowledge With a Fintech 201 Guide.
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GoLogiq to Combine Fintech Assets with Recruiter.com, Creating Nasdaq-Listed Global Fintech Platform
Benzinga
JUNE 6, 2023
based global provider of fintech and consumer data analytics , has signed a definitive agreement (the "Agreement") for a planned purchase of its fintech assets by Recruiter.com Group, Inc. NEW YORK, June 06, 2023 (GLOBE NEWSWIRE) -- GoLogiq, Inc. OTC: GOLQ ) ("GoLogiq"), a U.S.-based Full story available on Benzinga.com
Truelytics Selected to MassChallenge FinTech's 2022 Cohort
Truelytics
JANUARY 6, 2022
MassChallenge, the global network for innovators, announced that Truelytics was one of 24 startups invited to participate in the 2022 FinTech cohort. Meet the MassChallenge FinTech 2022 cohort here.
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Canadian Fintech Startup Nyble Hits $1 Million Annualized Revenue Ahead of Seed Round
Lighter Capital
JUNE 12, 2023
We are excited to welcome Nyble to the Lighter Capital portfolio and we expect you’ll be hearing more big news from this fast growing fintech startup soon! They’ve already hit impressive milestones in a short amount of time. Visit Nyble to learn more.
European fintechs muscle up through flurry of mergers
Financial Times M&A
AUGUST 15, 2022
Plus, US fintech acquisitions tumble, and why Secfi chief Frederik Mijnhardt thinks equity financing reaps benefits all round
How Corporate Investments in Fintech Startups Affect the Performance of the Startups and the Corporations
Reynolds Holding
MAY 31, 2023
Financial Technology, or “fintech,” is one of the fastest growing sectors in finance. In 2010, the total amount of funding raised by fintech firms was just over $1 billion dollars, while in 2018, total funding was around $40 billion. public firms (corporate investors) to invest in fintech startups. In 2018 alone, U.S.
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7 Red Flags that Scare Financial Institution Partners Away from Fintechs
N Contracts
APRIL 12, 2022
That’s the situation financial institutions face when a fintech acting on its behalf doesn’t comply with laws and regulations. The only thing worse than getting in trouble for making a mistake is getting in trouble when somebody else makes a mistake.
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Quantum FinTech Acquisition Corporation to Acquire AtlasClear
Benzinga
NOVEMBER 16, 2022
AtlasClear will operate through an acquisition of technology assets from Atlas Fintech Holdings Corp., and Craig Ridenhour, Chief Business Development Officer of Atlas FinTech Holdings Corp., AtlasClear"), Atlas Fintech Holdings Corp. About Quantum FinTech Acquisition Corporation. will lead the combined company.
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7 key actions for financial services organizations partnering with fintech companies
LaPorte
MAY 12, 2022
(authored by RSM US LLP) Planning is key for institutions embarking on strategic fintech partnerships. The post 7 key actions for financial services organizations partnering with fintech companies first appeared on LaPorte.
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3 Ways BaaS Platforms Can Help Fintechs Work with Financial Institutions—and 3 Critical Ways They Can’t
N Contracts
APRIL 21, 2022
Banking as a Service (BaaS) is a business model that allows fintechs and other companies to partner with licensed financial institutions to provide banking services like credit cards, deposit accounts, and loans.
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Greenwood Acquires Kinly, A Mobile Banking Platform, to Bring Together Two of The Largest Black-Owned Fintechs
Business Wire M&A
MAY 2, 2023
ATLANTA--(BUSINESS WIRE)--Greenwood, the digital banking platform for Black and Latino individuals and businesses, today announced its acquisition of Kinly, a digitally native neobank building generational wealth for Black America and its allies, bringing the two largest fintechs focused on the Black community together as one company.
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98 Fintech Startup Valuation: 2022 Multiples + Example
Sharp Sheets
APRIL 14, 2022
With more than 2,400 deals and $98 billion invested in H1 2021, FinTech is (still) undeniably one of the hottest sector in Tech right now. From payments to insurtech to blockchain and cybersecurity, FinTech encompasses many ever-evolving segments creating countless opportunities for growth. In this article we’ll go through….
Valutico wins SelectUSA Fintech pitching competition
Valutico
JUNE 11, 2021
Proudly announcing the 2021 SelectUSA Tech Pitching winners – our very own Austrian start-ups Tonio – tone with information for E-Commerce and Valutico for FinTech! The post Valutico wins SelectUSA Fintech pitching competition appeared first on Valutico. start-up competitors worldwide.
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Wilson Sonsini Brings On Ex-SEC Crypto, Fintech Expert
Law 360 M&A
JUNE 21, 2022
A former cryptocurrency and fintech specialist with the U.S. Securities and Exchange Commission has joined Wilson Sonsini Goodrich & Rosati PC's Washington, D.C., office as a partner in its corporate practice, the firm announced Tuesday.
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Retirement Plans? - T. Rowe Price Bolsters Its Position Via This Fintech Firm Acquisition
Benzinga
MARCH 30, 2023
a fintech firm that offers innovative retirement income planning software. T Rowe Price Group Inc (NASDAQ: TROW ) has agreed to purchase Retiree, Inc., Deal terms were not disclosed.
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Law 360 M&A
FEBRUARY 27, 2023
Charlie Javice, the founder of college finance fintech Frank, says JPMorgan Chase wrongfully terminated her, costing her millions and slapping her with what she claims are false allegations that she misrepresented her business during Frank's $175 million acquisition.
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Calif. Music Platform Sues Swiss Music Fintech Co. In Del.
Law 360 M&A
FEBRUARY 14, 2023
Music technology platform SourceAudio Holdings LLC sued Swiss music fintech company Utopia Music AG in Delaware's Court of Chancery, alleging that Utopia had failed to follow through on a $26.5 million purchase agreement and is now in arrears to the tune of $37.26
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2 Firms Build $800M SPAC Deal For Fintech Co New Quantum
Law 360 M&A
JUNE 15, 2023
Australian fintech company New Quantum and blank check company Canna-Global said on Thursday that they had agreed to merge, taking New Quantum public at a value of $800 million, in a deal advised by Rimon PC and K&L Gates.
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