Fintech and the Software Testing Challenge
Software testing is regularly subject to trade-offs – that is, attempting to cover as much of a codebase as is possible given time and resource constraints. Sometimes known bugs slip through to release and go unfixed because they are deemed low-risk. Within fintech, even small bugs can have serious repercussions for a development team… and […]
Banks and Fintech Firms Must Work Cooperatively to Address Critical Issues like Cybersecurity, UBS CEO Recommends
Ralph Hamers, CEO at UBS Group AG (SWX: UBSG), a Swiss multinational investment bank and financial services company based in Switzerland with around $1 trillion in assets, has noted that innovation and collaboration haven’t really been the norm for many traditional financial institutions. Hamers, whose comments came during the Singapore Fintech Festival, stated that the need to […]
London-based fintech startup Primer secures €15.5 million Series A to scale up internationally
UK fintech startup Primer, the low-code payments infrastructure and online checkout API, today announces an approx. €15.5 million Series A funding round led by Accel. Existing investors Balderton, SpeedInvest and Seedcamp also participated, and were joined in the round by RTP Global. The investment brings Primer’s total funding to around €19.7 million, coming just weeks after […]
Lessons From The Fintech Revolutions Of The Past And Winning Post-Covid
Why now is the time for financial services companies to spur innovation and the adoption to new technologies. Michael Tae and Matt Harris look back on two recent crises for lessons on how disruption can lead to rapid change, opportunity and a new status quo, with an eye towards what might be post-Covid. The suggestion […]
Nets and Worldline take stakes in bank-backed rival to Visa and Mastercard
Worldline and Nets have become shareholders in the European Payments Initiative, a bank-backed joint venture that aims to build a rival to Mastercard and Visa. Backed by 16 major Eurozone banks, the European Payments Initiative (EPI) is striving to create a unified pan-European payment system, offering a card for consumers and merchants across Europe, a […]
China fintech giants scramble to rethink IPOs, raise capital
BEIJING (BLOOMBERG) – Jack Ma’s vision of the future of finance in China is being upended by regulators, along with the ambitions of conglomerates that followed his lead. Mr Ma’s Ant Group is in talks with regulators about injecting capital into its micro-lending units just weeks after its US$35 billion (S$46.9 billion) initial public offering […]
Fintech startup Stripe in talks for new funding at much higher valuation
The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said US fintech startup Stripe Inc is in talks for a new funding round at a much higher valuation, Bloomberg News reported on Tuesday, citing people familiar with the matter. […]
Global Fintech investment fell by 16% during the third quarter
According to research conducted by Comprar Acciones, the total value of global fintech investments fell by 16% between the second and third quarter, down to $12.15 billion. While the total value of fintech investment fell, deal volume actually grew by 26%, with 716 new deals closed during Q3. Of this number, the US accounted for 64.7%, with their 340 […]
55. Super Bowl goes cash free
For the first time, this season’s Super Bowl will be cashless after the NFL and partner Visa decided to accelerate the move to contactless payments because of the Covid-19 pandemic. Super Bowl LV, taking place in Tampa Bay in February, will offer 100% digital payment acceptance for fans throughout the stadium on game day, including […]
The 3rd GCC E-Payments and Online Banking Summit
The future of payments and banking industry EastMed Ltd, announced the 3rd Annual E-Payments and Online Banking summit will be held under the patronage of Central Bank of Bahrain on 2-3 December 2020, virtually. E-Pay Summit which has been held annually since 2018 is the chosen meeting point for senior influencers from the e-commerce, retail, […]
