Argyle has created a payroll connectivity platform that provides insight into income and employment data for gig workers.
The revolving door to the office of the head of Google Pay is welcoming another new executive with Google’s appointment of former PayPal executive Arnold Goldberg. Offering cryptocurrency services won't fix what ails the division. First rule of order: Restoring trust.
Regulation in the US is far different than in China; CredEx is a Chinese company that shares the state of regulation there; Jo Ann Barefoot shares her perspective on regulation in the US, having spent most of her career working in consumer protection and financial inclusion; she believes that we have produced a regulatory system that has high cost and low value which has left consumers confused by products; while not discounting the importance of regulation, Barefoot shares that fintechs can do more to further goals around financial inclusion than regulation can; one area where the US is lagging behind much of the world, specifically China is in mobile adoption and regulators in the US are struggling to keep up as technology quickly changes. Source
Tuesday, Pinwheel launched Earnings Stream, providing up-to-date historical, projected income data, with built in analytical capabilities.
Fintech Breakthrough is a Los Angeles-based organization that seeks to recognize successful fintech companies; their 2017 awards have honored fintech companies in a wide range of categories; platforms awarded for their excellence in lending include Sindeo, LendingPoint, The Money Source, PeerStreet and Ascentium Capital; all of the award winners can be found here. Source
Deposit marketplace Raisin moved into the UK market by acquiring Manchester-based fintech PBF Solutions; Tamaz Georgadze, Raisin’s CEO and founder, tells AltFi “The acquisition of PBF gives us the opportunity to significantly broaden our offer to UK savers and deposit takers." Source.
After a bank in Chile spoiled the news of Apple Pay's arrival in the country, Apple is teasing the launch of the service there.
Mckinsey has released a new report on fintech; report focuses on seven changes in fintech that could affect the industry; factors include expanding scope, increasing diversity, improving collaboration, impending consolidation, normalizing valuations, shifting regulations and emerging ecosystems. Source
iPayment, Inc. has created a new business unit, iPayment Capital, to offer merchant cash advances; the new business unit will utilize the firm's 137,000 SMB customers for merchant cash advance lending; the service will add to payment processing and point of sale services currently offered by iPayment, Inc. Source
Trading rules, volatility and risk are some of the reasons advisers are hesitant to recommend the digital assets...