Remitly’s IPO reveals details of its technology moves
Remittance fintech Remitly began trading on the Nasdaq Thursday, with its IPO starting at $43. The Seattle-based company’s S-1 filings,...
Payments
U.S. Treasury’s ransomware crackdown: What it means for banks and FIs
The Biden administration this week announced new security guidance to target those who facilitate ransomware payments, laying out an action...
SEC should amp up crypto crackdown, investor advocates say
Many cryptocurrency projects are flouting investor-protection rules and deserve more scrutiny, a group of investor advocates told Securities and Exchange...
Astra, Plaid partnership to simplify automation of ACH transfers
ACH automation platform Astra is seeing its customer base grow after launching a partnership with Plaid last month that allows...
Goldman to buy GreenSky for $2.24B for payment plans
Goldman Sachs Group Inc. agreed to buy GreenSky Inc. for about $2.24 billion, adding to its Marcus consumer-banking platform a...
JPMorgan head of fintech: Prepare for the ‘platform of platforms’ economy
Financial institutions should plan now for the next major tech-based business paradigm — the platform of platforms. If that’s confusing,...
Big week for buy now, pay later
Buy Now Pay Later (BNPL) companies continue to attract buyers and investors alike as this week saw neobank Revolut announce...
Africa-focused fintechs raise nearly $700 million this week
African-focused fintechs raised nearly $700 million this week in funding rounds for cross-border payments company Zepz and Nigerian mobile-payments startup...
Mark Cuban-backed firm Alethea is creating ‘intelligent’ NFTs
Non-fungible tokens are ready to get more interactive, according to one firm that’s working to create “intelligent” versions. Alethea AI,...
Bitcoin topping $50,000 stirs forecast of run toward record high
Bitcoin topped $50,000 for the first time since May as crypto prices continued an ongoing recovery from a disorderly rout...
