Alibaba Invests in Mobile Lending Startup WeLab
Hong Kong-based mobile lender, WeLab announced that it raised $220 million in a Series B funding round today. The round...
Apple Launches P2P Payments, Competing with Zelle, Venmo
Apple has launched its person-to-person payments service in the U.S. The feature lets users send and receive money through iMessage....
Intuit Unveils New SME Lending Product, QuickBooks Capital
EXCLUSIVE - Business software provider Intuit today launched its first loan product through QuickBooks called QuickBooks Capital. Users will be...
Money Management App Yolt Integrates with Starling Bank
Money management app Yolt has integrated with Starling Bank, its first fully digital bank partner. By integrating with Starling Bank,...
Facebook Launches Messenger P2P Payments in the U.K.
Social media mogul company Facebook has launched P2P payments through Facebook Messenger in the U.K. today. The U.K. is the...
MoneyLion Wants to Help Americans Save With New Investment Tool
EXCLUSIVE- PFM app MoneyLion today launched an investment tool called MoneyLion Plus, that aims to help the average American save...
Fintechs Are No Threat to Banks — But Amazon and Alibaba Are
The biggest threat for the banking sector is not fintechs. No, according to a recent report by McKinsey, that would...
Singapore’s DBS Bank Launches ‘World’s Largest API Platform’
Singapore's DBS Bank said it launched the world's largest API developer platform. The platform consists of 155 APIs in over...
No More Foreign Transaction Fees on PayPal’s Cashback Mastercard
EXCLUSIVE- In the spirit of credit cards aiming to woo users with rewards and benefits, PayPal got rid of foreign...
National Australia Bank Cuts 6,000 Jobs, Shifts Staff to Digital
The National Australia Bank today announced it is slashing its workforce by 12%, or 6,000 job losses, over the next...
