British Watchdog FCA Probes Data Sharing in Financial Services December 17, 2019 By Huw Jones Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings,...
China’s Ping An Insurance to Spend $22B on Tech, From AI to Blockchain October 24, 2019 By Bloomberg News Ping An Insurance wants to be valued more like a technology company. Its executives have yet to convince investors their...
African Telecom Firm Africell Plans to Expand in Micro-Insurance, Mobile Payments July 26, 2019 By Elias Biryabarema African telecom firm Africell plans to spend part of a $100 million U.S. credit line on expanding its infrastructure and...
Allianz Invests in Canadian Robo Adviser Wealthsimple, Leading $75M Funding Round May 23, 2019 By Sandrine Rastello Wealthsimple, the Canadian robo adviser company controlled by Power Financial Corp., is gaining another behemoth shareholder as it slowly gears...
Another Money Laundering Risk Seen Coming from Firms Providing Payment Services March 20, 2019 By Frances Schwartzkopff As one avenue for money launderers is shut, another one may be opening. In Denmark, home to Danske Bank A/S,...
Brexit Makes It Harder for Fintech, Financial Services Firms to Recruit Top Talent: Report March 19, 2019 By Huw Jones Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said...
U.S. Fintech Firm to Buy Worldpay for $35B in Biggest Ever Digital Payments Deal March 18, 2019 By Justin George Varghese, Rachel Armstrong and Pamela Barbaglia Fidelity National Information Services Inc. (FIS) agreed to buy Worldpay for about $35 billion on Monday, with the U.S. financial...
Ping An’s Share Buyback Can’t Recapture Its 2017 Fintech Glory Days: Opinion March 14, 2019 By Nisha Gopalan, Bloomberg Opinion Sometimes, boring can be a good thing. Ping An Insurance (Group) Co.’s buyback looks like an attempt to recapture its...
Singapore’s Grab Makes Foray into Insurance with Chubb as Provider: Opinion January 16, 2019 By Andy Mukherjee, Bloomberg Opinion After sending rival Uber Technologies Inc. packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab Pte. has...
Regulators Disagree Over Giving Fintechs Federal Charter to Skirt State Rules January 14, 2019 By Pete Schroeder The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc. or Kabbage Inc. access to...