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...
Allianz-Backed Fintech Startup N26 Raises New Funds for Push into U.S. January 10, 2019 By Stefan Nicola N26 GmbH, the German banking app that’s backed by billionaires Peter Thiel and Li Ka-shing, has raised new funds at...
Premium Finance Firm National Partners to be Acquired by Digital Lender WebBank December 17, 2018 Salt Lake City-based digital lender WebBank has agreed to acquire Denver-based National Partners, a national insurance premium finance company and...
UK Fintech Startup Revolut Gets EU Banking License in Lithuania December 13, 2018 By Jeremy Kahn Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking...
Finnish Software Firm Basware Confirms Takeover Bid, Backed by Investors Including Ping An November 20, 2018 By Manuel Baigorri, Aaron Kirchfeld and William Mathis Finnish software maker Basware confirmed the unsolicited takeover approach it received was from payment-technology startup Tradeshift Holdings Inc. The indicative...
China’s Ping An Invests $47M in German Fintech Incubator Finleap November 19, 2018 By Stefan Nicola Ping An Insurance Group Co., China’s biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million)...
New York Challenges Federal Ruling Allowing Fintechs to Skirt State Regulation September 14, 2018 New York state’s top banking regulator on Friday sued the U.S. Office of the Comptroller of the Currency, seeking to...
China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth August 20, 2018 ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a...
UK Government, Regulators to Examine Potential Risks from Cryptocurrencies March 19, 2018 By Huw Jones and Emma Rumney Britain’s government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister...
China’s 2nd Largest E-Commerce Firm, JD.com, Seeks to Expand in Insurance, Banking March 16, 2018 By Julie Zhu JD.com Inc’s finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see...