December 12, 2019
SoftBank-Backed OneConnect Takes A 50 Pct Valuation Hit

China’s cloud-based FinTech platform OneConnect reduced its U.S. initial public offering (IPO) on Thursday (Dec. 12) by nearly 50 percent, the Financial Times (FT) reported. The move is a blow...

November 22, 2019
Betting On A Big Mall Fizzle

The holidays are approaching. The money that comes into retailers’ coffers at brick-and-mortar locations will filter up to pay the landlord; the landlord will stay afloat. Perhaps not. There is...

November 22, 2019
B2B FinTechs Diversify Funding Strategies With M&A, IPOs

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. According to CNBC reports, the...

November 18, 2019
Top News In Payments: Elavon To Buy UK Gateway Sage...

In today’s top payments news, U.S. Bancorp subsidiary Elavon is acquiring U.K. payments gateway Sage Pay for $300 million. Also, Apple criticized the vote of German lawmakers to pass new legislation that would make...

March 22, 2019
Bitcoin (And Other Crypto) Use Cases Fizzle, Bit By Bit?

Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading...

November 14, 2018
Ant Financial Fancies Itself As A Technology Services Company

Ant Financial, the Alibaba affiliate, expects its core business will be technology services down the road as it expands beyond only payments. In an interview with CNBC, Ant Financial chief...

November 05, 2018
Ant Financial Posts Rare Quarterly Loss

Ant Financial, the Chinese FinTech giant and an affiliate of Alibaba Group, posted an earnings pre-tax loss of 2.4 billion yuan ($353 million USD) for the quarter ending Sept. 30. The...

October 29, 2018
Thinking ‘Differently’ Than Ant, Pintec Makes Its Post-IPO Plans

Pintec Technology Holdings Limited may not be a household name in the U.S., but it ended last week with a some very strong results on the American stock exchange. The...

September 20, 2018
Ant Expands FI Tech Services Platform In China

Ant Financial, the financial services unit of Alibaba, is rolling out a new brand to provide financial institutions (FIs) with support for digital transformation. In a press release issued Thursday...