Fintech

Fiserv, First Data and the staggering fintech threat

01/16/19

The numbers behind Fiserv's deal to acquire First Data are huge, particularly considering each company's existing tonnage still makes consolidation the best play when faced with nimble fintechs and mobile startups.

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Fiserv buying First Data in $22 billion deal to build fintech scale

01/16/19

Fiserv will acquire First Data in an all-stock deal with a value of about $22 billion that will combine two of the financial services industry's largest technology and processing companies. Fiserv shareholders will own almost 58% of the combined company, with First Data's shareholders holding the rest. The acquisition is expected to close in the second half of 2019.

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Five financial health startups now under the wing of JPM, CFSI

01/15/19

The Financial Solutions Lab, a joint initiative, has announced the winners of its annual competition to identify solutions to consumer financial challenges, this year focusing on startups dedicated to improving financial health in the workplace.

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JPM disappoints; banks brace for Maxine Waters

01/15/19

The bank missed expectations although profit rose 67%; with the California Democrat leading the House Financial Services Committee, deregulation could slow.

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'The crisis is overstated': United Income's Fellowes on retirement

01/15/19

Amercans are living longer yet retiring earlier and saving less, says Matt Fellowes, CEO and founder of United Income. But there's no need to panic.

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Kabbage to provide point-of-sale loans to Alibaba shoppers

01/14/19

The U.S. online lender provides credit lines of up to $150,000 to small businesses that shop at Alibaba.com.

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One banker’s take on the Consumer Electronics Show

01/11/19

Todder Moning of U.S. Bank scoured the 2.7 million square feet of the Consumer Electronics Show this week. Here’s what he liked, what he thinks bankers could work with ... and what he thought was weird.

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German neobank's $300M infusion will fuel U.S. rollout

01/10/19

Nicolas Kopp, head of N26 in this country, explains how the company plans to spend a chunk of the proceeds on its expansion here and add to the intensifying competition among fintechs.

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LendUp spins off credit card business, names new CEO

01/10/19

The subprime online lender said Thursday that it will spin off its credit card business into a new entity, Mission Lane. It also named a new CEO to replace its founder, Sasha Orloff.

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Financial wellness startup Even pulls in big bucks, big talent

01/10/19

Its data-driven financial management services for workers who live paycheck to paycheck — and a contract with Walmart — have attracted executives from Facebook, JPMorgan and elsewhere as well as a major investment from the head of Box.

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