F|T: The FinTech Times – Millennial money

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STACK FinTech Times


BetaKit

Shopify announces self-designed PoS card reader to grab US customers from Square

The product will only be available in the US, Shopify’s biggest market.


Stack

STACK RECOMMENDS: Millennial money: the experience economy

“Millennials turn to experience economy to escape ‘bleak financial future.’”
– Miro Pavletic, CEO and co-founder of STACK


IT Pro Portal

Mastercard unveils fingerprint-scanning card

Mastercard’s new fingerprint-scanning card allows consumers to make purchases without the card ever leaving their hands.


TechCrunch

Simple is closing some customer bank accounts, and users are mad as hell

Online banker Simple has begun notifying some customers that it will close their accounts on May 13 because it has run out of time to move them from one banking system to another.


Finextra

Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile in

MoneyGram and Western Union have both launched bots that let customers in the US send money transfers to tens of thousands of locations around the world through Facebook Messenger.


Business Insider

FinTech has a talent problem

Australia’s FinTech industry has been slower to scale than those of the UK and US, partly due to a lack of available talent.


BetaKit

Flexiti Financial announces first two members of its advisory board

Diane J. Brisebois and Rick Padulo will form Flexiti Financial’s advisory board and work with the company’s senior executive team to help it grow as a “trusted partner” to retailers across Canada.


Finextra

Lloyds partners Microsoft to pilot facial recognition access to online banking

UK-based Lloyds is the latest bank to jump on the biometric bandwagon with new plans to let users login into their accounts with a selfie or a fingerprint.


TechCrunch

Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B

The firm initially bid $880 million for MoneyGram back in January, but now it has increased its offer from $13.25 per share for NASDAQ-listed MoneyGram to $18.00 following a counter bid from Euronet lodged in March.


Crowdfund Insider

Indian FinTech startup Perfios raises $6.1M in Series A

The funding round was led by Bessemer Venture Partners, a venture capital firmed based in New York.


Business Technology

PayPal and Google get cozy with new digital wallet partnership

The partnership lets PayPal’s users link ther accounts to Android Pay, Google’s digital wallet, to make purchases at retailers in-store, in-app, and online.


Cryptocoin News

Japan’s Nomura partners Google, IBM & Amazon for FinTech program in India

Japanese global investment bank Nomura is welcoming Indian startups to build and develop solutions specifically in capital markets and investment banking.


BetaKit

Shopify hopes “tens of millions” of consumers will use new Shopify Pay within a year

Launching globally, the new Shopify Pay lets customers save their shipping and credit card information to reduce the amount of time it takes to purchase with Shopify Merchants.


Irish Times

Irish FinTech start-up Rubicoin raises a further €1.4m

The company’s backers include Enterprise Ireland and US-based investment advice group Motley Fool.


Telegraph

UK is capital of Europe for FinTech unicorns

Britain houses four FinTech unicorns – companies valued at $1 billion or more – with a combined valuation of $18.5 billion, according to a report by the technology investment bank GP Bullhound.


Inc

Will blockchain technology be the ultimate disrupter? Harvard says yes

Say goodbye to the middleman for your financial transactions. Blockchain technology will change the way you do everything.


BetaKit

Wave hires new SVP of marketing as it rebrands to financial services for entrepreneurs

Neil Shankman, who has held roles at Google, will be Wave’s new SVP of marketing. It’s a period of high growth for the 150-person company, which had 89 people just six months ago.


Forbes

FinTech gets serious about personal finance

Here are three areas in personal finance in which FinTech apps are making an impact.


Coindesk

Goldman Sachs managing director joins blockchain startup Chain

Tom Jessop will serve as Chain’s new president and be chiefly responsible for pursuing commercial opportunities for the firm.


Finextra

Nasdaq formalises FinTech venture programme

The minority stake investments made by Nasdaq Ventures are expected to range from less than $1 million to approximately $10 million and will include seed to late-stage venture rounds.



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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.