Month: November 2020

Chime, the $15 billion-valued US challenger banking service, experienced nearly eight hours of downtime on its app and website last week. Whilst it said card payments and ATMs were still working, the start-up’s eight million customers could not access funds via the app or website for the majority of that Thursday. “We are currently experiencing intermittent …

Chime’s app goes down for a day as users complain of rejected purchases Read More »

SHARETWEETSHARESHAREPRINTEMAIL Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. 30) announcement emailed to PYMNTS. Banks can discover and rank threats and vulnerabilities across their cyber environments with the help of the tool. Furthermore, …

Mastercard’s Cyber Secure Uses AI To Help Banks Fight Cyber Fraud Read More »

There’s a new challenger on the block for kids and parents, with Strive launching today with its own take on digital banking and financial education for families to rival the likes of Osper and GoHenry. Strive, which today announced the acquisition of ‘digital piggy bank’ fintech GoSave, is combining GoSave’s interactive piggy bank with its savings account …

Strive launches challenger ‘bank’ for families, following GoSave acquisition Read More »

Nordic Capital is to acquire BearingPoint’s RegTech business, a regulatory reporting platform used by more than 6000 firms including banks, insurance companies and supervisory authorities.Founded over 25 years ago, RegTech is headquartered in Frankfurt, and has 17 offices across 10 countries with a total workforce of approximately 630 employees. The company is expected to generate …

Nordic Capital acquires RegTech from BearingPoint Read More »

ZenGo, a mobile app to manage your cryptocurrencies, is about to launch a Visa debit card in the U.S. This isn’t the first crypto-powered debit card — Coinbase announced a U.S. expansion for its debit card just last week. But ZenGo is a non-custodial wallet, which means that you’re in control of your crypto assets. When you …

Alex Wilhelm is Senior Editor at TechCrunch. Read More »

News today that Ant Group’s  IPO is suddenly on hold in both Shanghai and Hong Kong caused a sell-off of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news that Ant had run into regulatory issues with the Chinese government. Ant was spun out of Alibaba, which owns a …

Ron Shevlin is the Managing Director of Fintech Research at Cornerstone Advisors. Read More »

Cryptocurrency exchange Coinbase announced that it will launch a Visa debit card in the US in 2021. The card, which has been available in the UK and the European Union since April 2019, will be available in all states except Hawaii, and will offer rewards based on which cryptocurrency is used for purchases. Coinbase will …

OBSERVATIONS FROM THE FINTECH SNARK TANK Read More »