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USA

Square’s Banking Subsidiary Begins Operations in the US

Square, a US-based mobile payment company, announced that its subsidiary Square Financial Services, has begun operations. The launch follows Square Financial Services’ completion of the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of

Payments USA

PayPal Goes Galactic to Make Universal Space Payments a Reality

PayPal announced the launch of PayPal Galactic, an initiative that addresses the issues to help make universal space payments a reality. PayPal Galactic brings together leaders in the scientific community, including the SETI Institute and Space Tourism Society, to prepare

Cloud USA

Blackrock and Snowflake Launch Cloud Data Solution for Investment Managers

American asset management firm BlackRock and Snowflake, a cloud-based data-warehousing company, announced a strategic partnership to deliver a next-generation solution for the investment management industry. BlackRock will launch Aladdin Data Cloud, a solution for investment managers to expand the utility

Payments USA

Former Governor of the Bank of England Joins Stripe’s Board of Directors

Stripe, a US-based payment processing platform, announced that Mark Carney, the former Governor of the Bank of England and the Bank of Canada, has joined the company’s board of directors. Regulated in multiple jurisdictions and partnering with several dozen financial

London USA

Personetics Secures $75 Million Funding From Warburg Pincus

Personetics, a Tel Aviv-based global provider of data-driven personalisation and customer engagement solutions for banks and financial services providers, announced it has raised $75 million in funding from Warburg Pincus LLC, a leading global private equity firm focused on growth

USA Virtual Banking

Over Half of US Consumers Would Consider Switching to Digital-Only Banks

A new survey conducted by Juniper Research has found that more than 50% of US consumers wanting to change banks would consider a digital-only bank, with the same finding reflected in a similar UK survey. However, the findings showed that

Payments USA

Payoneer Poised to Go Public With US$3.3 Billion Merger Deal

Payoneer announced that it plans to go public by merging with FTAC Olympus Acquisition Corp. (FTOC), a special purpose acquisition company in a US$ 3.3 billion deal. Payoneer has been backed by investments from TCV, Susquehanna Growth Equity (SGE), Viola

Blockchain/Bitcoin USA

Visa Pilots Its New Crypto API Programme With US Neobank First Boulevard

Visa has announced a partnership with First Boulevard, a digitally native neobank focused on building generational wealth for the black community, to pilot Visa’s new suite of crypto APIs that is anticipated to launch later this year. As part of

Funding London USA

Curve Secured $95 Million Ahead of US Expansion Plans

Curve, a London-based banking platform which allows customers to consolidate multiple cards into one smart card and app, announced it has secured $95 million as part of a successful Series C funding round. This fresh funding brings the total investment

Covid19 USA

COVID-19 Brings Fintech into the Mainstream: McKinsey Research

The COVID-19 pandemic has shifted US consumers’ attitudes towards banking and financial services, accelerating the adoption of digital financial services and bringing fintech into the mainstream, surveys McKinsey conducted found. In an article titled How US customers’ attitudes to fintech