Fintech News Issue #307 March 19th, 2021

On the heels of reports that Stripe was raising yet more money, the payments giant has now confirmed the details. The company has closed in on another $600 million, at a valuation of $95 billion.

Tencent Holdings Ltd. shares fell a second day on concern regulators are now turning their sights to Pony Ma’s business empire, fueling a $62 billion wipe-out that one brokerage says obliterated most of the value of its online finance business.

To keep up with emerging technology, self-made billionaire Mark Cuban is always reading and learning new things.

That’s according to Allison Beer, the Chief Product Officer and Head of Customer Experience and Digital for JPMorgan Chase & Co’s digital banking and innovation arm.

The intersection of technology, social change and new competition points to a very different future for banks and credit unions. Those institutions that embrace nonbank alliances and use technology and data for more than bottom line impact will emerge as the new leaders, Deloitte predicts.

TURNING our backs on a year like no other, we emerge into a world permanently changed by Covid-19. The pandemic has reframed how society behaves and made digital the new norm for how we work, shop and socialise.

For Benzinga readers from the USA only, eToro is offering you $250 when you make your first $5K trade in any crypto!

As predicted, U.S. fintech funding in 2020 outpaced 2019 in both amount raised and volume of transactions, despite — and in some ways due to — the COVID-19 pandemic.

Payment technology provider Tribe Payments has announced its participation in the Microsoft for Startups programme Fintech Tribe Payments joins Microsoft for Startups programme image

With the growth surge in the fintech sector, Nigeria’s banks are under pressure to stay relevant and to continue acquiring unbanked customers. This new sector is largely run by the youth.

2020 brought unprecedented financial challenges to millions of unemployed and lower-income individuals. But it has also given rise to a fintech solution that may permanently alter and improve the way America banks.

Fintech products are gaining popularity and pose real competition to traditional banking. According to the 2019 FIS PACE study, 73% of consumer banking interactions are digital

Many people struggle to get by each month as they wait for pay day, whether due to sudden family emergencies or health issues not covered by medical insurance.