Fintech companies are trading at a higher valuation. In spite of that, the merger and acquisitions activity in the sector is not slowing down. Paypal recently acquired iZettle. This clearly indicates that not only the merger and acquisition activity is increasing but also the deal size is increasing as...
The recent services are developed for the customers who don’t have classical bank account.
PayPal is trying to spread out something closer to a real bank, as reported by The Wall Street Journal.
It is starting to present more classical banking services to clients, along with ATM-adaptable debit cards, direct depositing...
Ripple announced a new investment initiative for companies using XRP tokens. The new venture was called "Xpring", pronounced as "spring".
It was explained that Xpring is going to “invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs.”
A prerequisite for admission is that companies use XRP...
Pintec Technology is a Chinese Fintech from. It has recently tied up with United overseas bank Ltd. The joint venture will build a product which will assess the credit provider of the consumers in order to provide them with better financial products and solutions. The joint venture will work...
Facebook has announced to form a Blockchain team. There is no detail about what the team will focus on but we can assume that there will be some on data processing and most importantly about payment options. Facebook, a media company, has already disrupted banking system with direct payment...
It turned out that Mastercard, one of the world's largest payment system giants , applied to get a patent on a system that would quickly add nods to the Blockchain network.
MasterCard aims to increase the speed in the nods determined by this mark, as the document that can be seen on the official...
CLSA is currently overweighing on the banking sector in ASEAN economies. However, the Fintech sector is entirely changed in the banking sector.
According to a report by the brokerage focusing solely on banking in Singapore as well as Hong Kong, the Singapore market is the best for banks currently.
The changing...
The number of job vacancies for the IT professionals are increasing in the Fintech sector. The Fintech sector is also paying higher average salaries as compared to the IT sector. With the increasing number of vacancies, professionals are opting for jobs in the Fintech sector.
If you look at the...
Banking institutions in the United States should stay on guard in the next five years with regards to their status in the banking sector.
This developed after Bain and Co made an estimate that e-commerce giantAmazon could get as much as 70 million US customers within five years if it...
It is not the Fintech firms rather Tech giants that is threat to banks: WEF (World economic forum) has made a startling revelation whereby the tech giants such as Facebook and Amazon are bigger threat to the banks than Fintech newbies. This revelation is backed by the WEF’s assessment that...
