Latest Non-bank competitors News: Finextra Research

Company update/retail

LendingClub taps Alto as prefered partner for IRAs

Alto Solutions, Inc. (Alto), the next-generation self-directed IRA platform making it easier for individuals to access and invest in alternative assets using their retirement funds, today announced it was selected by LendingClub Corporation (NYSE: LC) as the new preferred IRA custodian for LendingClub IRA account holders.

12 May 2021

News/payments

Twitter Tip Jar users cite PayPal privacy concerns hours after rollout

Hours after Twitter announced the new money transfer feature Tip Jar, early testers took to the social media platform to air their concerns over addresses being included in PayPal receipts.

07 May 2021

News/payments

French anti-trust watchdog says banks could be marginalised by Big Tech giants

France's competition watchdog has warned of the dangers posed by the encroachment of Big Tech firms into the payments sector.

30 April 2021

Company update/regulation

Client due diligence fintech MYCDD launches in Jersey

A new fintech business, MYCDD, has been formally launched in Jersey with an objective to revolutionise how international financial services and other firms manage their ongoing client due diligence requirements.

26 April 2021

News/crypto

EToro launches new bitcoin portfolio

Multi-asset investment platform eToro has today announced the launch of a new thematic portfolio – BitcoinWorldWide. Based on the companies in the value chain behind bitcoin, the portfolio is intended to further catalyse adoption of the booming cryptocurrency.

26 April 2021

News/startups

Israeli fintech Pagaya plans to enter Wall Street at $8 billion

Having registered revenues reflecting $300 million annually for the first three months of 2021, Israel-based startup Pagaya is allegedly planning to enter Wall Street at $8 billion, as well as execute a traditional IPO.

23 April 2021

News/regulation

How regulators have catalysed collaborations and technological innovations

Co-founder and head of client delivery of RegTech Associates, Dr Sian Lewin has urged the financial community to stop thinking of regulators simply as “powerful organisations, here to control our behaviour, and stop us from doing certain things in the name of public interest.”

22 April 2021

News/retail

Revolut eyes fundraise at $10bn+ valuation - Sky

Revolut is preparing a new fundraising round that would value the digital banking app at between $10 billion and $15 billion, according to Sky News.

19 April 2021

News/crime

How Curve got back on track after Wirecard fallout

In June 2020, the FCA acted overnight to freeze customer accounts across UK fintech firms including Curve, Pockit, Soldo, Anna Money and Holvi, after Wirecard Card Solution’s (WCS) parent company filed for insolvency in Germany.

15 April 2021

News/people

Fintech billionaires revealed: Who is on the 2021 rich list?

According to Forbes, a new billionaire was minted every 17 hours in 2020.

08 April 2021

News/cloud

BBVA taps Google Cloud Chronicle to build AI security platform

BBVA has today announced that it will be the first bank in Europe to deploy Google Cloud’s security analytics platform Chronicle and will use AI and machine learning to predict and prevent cyberattacks.

23 February 2021

News/crypto

Davos 2021: Silver Lake co-founder dismisses belief about Bitcoin’s use for criminal activity

Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.

26 January 2021

News/sustainable

Davos 2021: PayPal’s Dan Schulman - Profit and purpose being at odds is ‘ridiculous’

Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.

25 January 2021