Tag: Fintech
DOJ Probes Visa’s Relationships With Fintech: WSJ
The US Justice Department is probing Visa's relationships with large fintech companies as part of its antitrust investigation of the card giant, the Wall Street...
China Vows Stronger Fintech Regulations
China's central bank governor vowed to keep strengthening regulation of financial technology (fintech) companies, focusing on areas including payment services, antitrust issues and data...
Prosus Reaches $4.7B Deal For India’s BillDesk
Dutch technology investment firm Prosus is closing a US$4.7 billion deal to acquire Indian payment firm BillDesk, which Prosus will combine with its FinTech PayU, also in India.
The...
Fintech Firm Ideanomics In Deal To Buy VIA Motors For $630M
Financial technology company Ideanomics announced on Monday, August 30, that it will acquire VIA Motors International in an all-stock deal that would value the...
Google Buys Japanese Payments Start-Up
Google is set to acquire pring, a Tokyo-based cashless payment and settlement startup company, for between US$180 million and US$270 million, Nikkei Asia reported....
Visa To Buy Swedish Fintech Tink For More Than $2B
According to the Wall Street Journal, Visa agreed to pay more than US$2 billion for Tink, a Swedish startup whose digital services connect more...
UK’s Financial Watchdog Tells FinTechs “You’re Not Banks”
Great Britain’s chief financial watchdog has a message for FinTech startups operating in the UK: stop comparing yourself to banks.
The Financial Conduct Authority (FCA)...
French Watchdog Issues Opinion On Big Tech’s Power In Payments
France’s competition agency has concluded an investigation into banks, Big Tech, and the financial technology (FinTech) sectors, with a warning that vigilance is needed due to...
Open Banking and the Ambiguous Competitive Effects of Data Portability
In recent years several interventions have been undertaken to encourage competition by promoting access to data and facilitating data sharing and portability. The banking...
SoFi Signs $22.3M Acquisition Deal For Golden Pacific Bank
FinTech startup Social Finance (SoFi) is acquiring Golden Pacific Bancorp, a community bank in Sacramento, California, for US$22.3 million.
“We believe that by pursuing a...
