December 17, 2024
A ruling handed down on Thursday June 13 by a judge at the High Court in London would have resolved a legal dispute between JP Morgan Chase & Co. And Haris Karonisfounder and CEO of Greek FinTech company Viva Wallet. The resolution of the feud opens the possibility of a sale of Viva Wallet, marking
December 17, 2024
The recent Synapse bankruptcy represents one of the biggest implosions in the history of the FinTech sector. The current banking-as-a-service (BaaS) platform mess has affected over a hundred thousand end users in the United States, including other FinTech activitiesand investigations into its impact have highlighted an estimate Shortfall of $85 million between what is owed
December 16, 2024
Payment processor based in Argentina Tapi reportedly raised $22 million in new funding. Company to Use Series A Funding to Fuel Expansion in Mexico, Co-Founder/CEO Thomas Mindlin said in a Bloomberg News article interview Friday (July 12). According to the report, Tapi processes payments for large Latin American consumer platforms like Mercado Pago and cryptocurrency
December 16, 2024
FIS would be acquiring UK supply chain finance company Démica in a $300 million deal. The two sides reached an agreement last weekSky News reportedciting anonymous sources. An announcement would be forthcoming. FIS did not immediately respond to PYMNTS' request for comment. A Demica spokesperson said the company does not comment on rumors or market
December 16, 2024
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December 14, 2024
As valuations of fintech companies have fallen over the past two years, along with venture capital funding, perhaps no one has suffered more than Chime Financial. Actions of Blockformerly Square, have fallen approximately 77% since August 2021, while Paypal is down about 79% over the same period. Privately held Chime, valued at $25 billion as
December 14, 2024
A wave of rumors about WazirX's possible bankruptcy has raised concerns among the Indian cryptocurrency community. WazirX, once a leader in the Indian crypto market, is now surrounded by rumors of key departures, including from its co-founder. Nischal Shetty. While there is no official confirmation, recent movements within the company suggest the possibility of a
December 13, 2024
Shift4 Payments' The CEO is reportedly unhappy with offers from potential buyers for his company. General manager Jared Isaacman said these offers failed to “enhance sufficiently” the payment processor, Bloomberg News reported Sunday (March 17), citing a perennial memo. According to the report, the memo states that Pennsylvania-based Shift4 received "several offers" above its stock
December 13, 2024
XRP has made a comeback in the cryptocurrency market, recently reaching a high of 91 cents, sparking renewed enthusiasm among investors. This rise has many speculating that XRP could soon reach $1, marking a major milestone for the digital asset. Here's a closer look at the current trends around XRP and what could be next
December 11, 2024
In my article of October 3, 2023, entitled “Establishment of Industrial Standards Forum by SEBI – a pragmatic era in regulatory implementation", I mentioned it SEBI introduced a very pragmatic method of developing standards for implementing regulations. In an unprecedented, unique and constructive gesture, SEBI invited three of the main industry associations form together a
December 10, 2024
As 2023 drew to a close, many banking industry executives and thought leaders threw up their hands in despair over the presumed death of Banking as a Service (BaaS). The predicted white-hot market has not materialized as expected, and countless financial institutions have seemingly thrown in the towel on BaaS as the industry confronts the
December 10, 2024
Intel shareholders are finally getting used to good news again. The financial giant Apollo Global Management appears ready offering a stock-like investment of up to $5 billion in the troubled U.S. chipmaker, according to a report from Bloomberg on Sunday. The move would be a major vote of confidence in the recovery effort led by
