Signaling a strong M&A environment in fintech, two fintech giants Fiserv and First Data have announced a merger in a deal worth $22 billion.
Fintech firm Plaid, whose API technology is used to link bank accounts to fintech apps, has bought Quovo for nearly $200 million.
The halt in federal spending is compromising dealmaking and fundraising, slowing oversight and jeopardizing U.S. competitiveness.
One API, one contract, and one deployment.
The three major consumer loan types are debt consolidation, home improvement financing, and retail, according to TransUnion.
Fintech companies raised a record $39.57 billion from investors globally in 2018, an increase of 120 percent from the prior year.
NBCUniversal and Comcast Ventures are partnering with Millennial-wealth investment app Acorns to plant the seeds of financial literacy.
The CEO of fintech industry leader Finastra says that European banks are trailing the U.S. in technology adoption.
The U.S. Federal Reserve remains wary of fintech, withholding access to Fed services and drawing frustration from fintech proponents.
Sources say the company is working on a cryptocurrency that would enable money transfer on its WhatsApp messaging app, beginning with India.
