Plaid Team Multiplies as Sales Model Comes into Focus
Fintech Plaid is in massive-growth mode. By yearend, the company has plans to get to 600 employees from 300, Charley...
Payments
Klarna Ups Revenue But Growth in Merchants Joining Startup Slows
Payments company Klarna Bank AB grew revenue by about a third in 2018, but operating income fell and the speed...
Worldpay’s Tech Solutions Revenue Up 21%, Fueling Growth
Beating expectations, Worldpay reported total organic net revenue growth of 10% in the fourth quarter of 2018, aided largely by...
Fundamentals of Changing a Bank’s Core System
The announcement that BB&T will make a $28.2 billion all-stock acquisition of SunTrust Bank -- which, when it closes, will be the largest...
Fintechs Cater to E-Commerce Businesses with New Products, Services
Two fintechs announced new products and services this week geared toward e-commerce sellers, pointing to gaps in offerings from banks and...
Fintech Adyen’s Shares Jump as Sales Beat Estimates
Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver...
Low Checking Account Rates Give Neobanks a Competitive Edge
Digital-only banks have lower operational costs than traditional banks, which have both digital and physical branches. These traditional banks often...
Gemalto to Offer Biometric Payment Cards to Banks, Where Adoption has Lagged
Security firm Gemalto will offer biometric EMV payment cards to its bank customers using biometric company Fingerprint Cards’ T-Shape sensor...
Neobank Aspiration Doesn’t Aspire to Offer Lending Products…Yet
There are no lending products in fintech Aspiration's near-term future thanks to the neobank's new status as a broker-depositor. "Part...
ETF Fees Are Falling to Zero as SoFi Plans First No-Cost Funds
The first free exchange-traded fund is on its way. Social Finance Inc., the online lender known as SoFi, is helping...
