USA
New Report Sheds Light on Booming Challenger Bank Market
The challenger bank trend first emerged in Europe and has progressively gained traction in all parts of the world. Today, challenger banks are growing significantly and attracting big money. According to FT Partners’ newly released The Rise of Challenger Banks:
Read More
Top-Funded US Fintech Startups 2019 by State
Fintech is gaining momentum in the US with US$12.9 billion raised so far this year, as of Q3’19, already surpassing 2018’s annual record of US$12.5 billion, according to CB Insights’ Global Fintech Report Q3’19. In Q3’19, the US saw ten
Read More
Credit Suisse Starts with AccessFintech, A Global Internal Exception Network for Trade Settlement Issues
Credit Suisse announces the internal launch of AccessFintech’s trading exception management solution. Following a successful pilot, Credit Suisse has gone live with AccessFintech’s Global Exception Network, taking an important step towards streamlining exception management resolution across the Prime Brokerage industry.
Read More
USA Continues to be a Top Location for Fintech Events
On the global fintech scene, the US has been amongst the top leaders, accounting for 57% of the fintech market in 2018, according to a Mordor Intelligence research. Consumers in the country have realized the key benefits of fintech solutions
Read More
Uber Starts with Uber Money
Uber introducing Uber Money, a team within Uber working on financial products and technologies that deliver additional value for the Uber community, all at Uber speed. Several new features and improvements coming this year: Real-Time Earnings: Instead of waiting for weekly
Read More
Fitch: Blockchain Disruption of Trust Bank Trade Settlement Unlikely
The use of blockchain distributive ledger technology (blockchain, or DLT) is unlikely to challenge the franchise values of the U.S. trust and processing banks or their integral roles in trade settlement or asset custody, Fitch Ratings says. Evidence for the
Read More
Stablecoins Versus Centralized Exchanges: Who Drives Mass Adoption?
The stablecoin market is obviously gaining popularity, growing from 1% of all crypto in 2018 to almost 3% today. Global stablecoin trading volume increased from $12.5 billion in 2017 to $82 billion in 2018, according to Chainalysis. Furthermore, the 24-hour
Read More
Divvy Expense Management Tools and Credit Suisse Close $500M Purchase Agreement
Divvy, an US based in spend and expense management tool, claims that they closed a $500 million purchase agreement with Credit Suisse. The agreement gives Credit Suisse the right to buy up to $500 million in future Divvy receivables over
Read More
Qumran’s Purchase Price Revealed in Dynatrace’s US IPO
Dynatrace, a cloud computing firm backed by Private Equity firm Thoma Bravo, launched a successful initial public offering (IPO) on August 1, 2019, raising roughly US$570 million. The stock rose 49% in its market debut on the New York Stock
Read More
Top 10 Most Valuable Fintechs Across North America and Europe
PitchBook, a software-as-a-service company that delivers data, research and technology covering the private capital markets, has released its list of the ten most valuable fintech startups in North America and Europe. These tackle a broad range of areas including cryptocurrencies,
Read More