Banking and finance news
India, a reservoir of dynamic fintechs India is home to a large number of fast-growing fintechs, particularly in the instant payment sector.
BNP Paribas acquires fintech Kantox BNP Paribas has announced the acquisition of fintech Kantox, which offers companies an automated foreign exchange risk management solution.
Cyber risk: central banks face an upsurge in cyber attacks Faced with an increase in ever more sophisticated cyber attacks, banks and fintechs have stepped up their cybersecurity.
BPCE brings together Dalenys and Payplug to create a new payment player BPCE has announced the merger of its two payment subsidiaries, Dalenys and Payplug, to form a new entity under the Payplug brand.
Starling Bank reviews its European expansion plans UK fintech Starling Bank has withdrawn its application for a European banking license, limiting its ability to expand outside the UK.
B2B: fractional payments target the corporate market Fractional payment players, after focusing primarily on the consumer market, are now setting their sights on the corporate market.
Neobank Vybe placed in compulsory liquidation Vybe went into receivership on July 12. Its 40,000 customers will soon no longer have access to its services.
Fintechs need to develop new strategies Rising interest rates, economic uncertainty, inflation: fintechs are being forced to develop new strategies, just like banks.
Customer data: banks try to catch up with Gafa Banks, long on the sidelines when it comes to customer data, are now beginning to exploit it to offer new services.
Fintech: investors are taking fewer risks Alerted by the uncertain economic climate, investors have been more cautious since the start of the year, and are turning away from fintechs.
The rise of fractional payments for food shopping In some countries, fractional payment operators now offer the option of paying for groceries in several monthly instalments.
Bank transfer fraud: Crédit Agricole CIB partners with Trustpair Crédit Agricole's investment bank has partnered with fintech Trustpair to combat money transfer fraud.
Payments: ACPR warns of over-ambitious business plans by fintechs In a report, the ACPR warns of the over-optimistic business plans of fintechs specializing in payments and electronic money.
Joe Biden launches work on a digital dollar On March 9, the American president announced the launch of a project to create a digital dollar. Read on.
Fractional payments: Banque Postale changes tactics Less than a year after announcing its partnership with fintech Alma, Banque Postale changes strategy and turns to Pledg.
Online banking: towards a new business model? Online banks are struggling to find a profitable business model, and are often seen as cumbersome by the big banking groups.
British fintech Checkout valued at $40 billion Online payment platform fintech Checkout.com is now valued at $40 billion following a recent fundraising round.
Payment terminals: secure technologies? The PAX Global affair highlights the security issues associated with the various technologies on which payment terminals are based.
Societe Generale wants to make greater use of artificial intelligence The bank, which began its digital transformation in 2017, wants to develop artificial intelligence in the service of data analysis.
IBAN discrimination: authorities to impose sanctions The French authorities have decided to impose sanctions on players who discriminate against IBANs.
USA: moviegoers can buy tickets in cryptocurrencies The AMC group, which runs the largest network of movie theaters in the United States, now allows moviegoers to buy tickets in cryptocurrencies.
Neobank Nubank targets $50 billion valuation Brazilian neobank Nubank is set to go public on the New York Stock Exchange next month.
Fractional payments: Stripe and Klarna sign a strategic partnership The fintechs Stripe and Klarna have signed a strategic partnership to take a bigger share of the fractional payment market.
Mission report warns against fractional payments In a report submitted to the government on October 19, French MP Philippe Chassaing calls for better supervision of fractional payments.
Tech sector lacks candidates There aren't enough professionals in the Tech professions, which are highly sought-after by companies undergoing digital transformation. Find out more.
Payments sector revenues set to continue growing The Covid-19 pandemic has not led to any lasting decline in payment sector revenues. A sharp rise is expected between 2021 and 2030. Analysis of...
Taxation of crypto-assets: changes to be expected in 2022 Several MPs have tabled amendments to the Finance Bill concerning the taxation of cryptoassets. They will be debated this week.
US banks renegotiate Apple Pay conditions Several major US banking groups have called for a limit on the commissions paid to Apple for using its Apple Pay payment app.
India, a promising market for the financial services of the Tech giants Tech giants have invested huge sums in India, a promising market that is acting as a laboratory for GAFAs and their financial services.
Open banking: fintechs react to FBF attacks The comments against open banking made by the President of the French Banking Federation (FBF) have prompted a reaction from fintechs. We explain.
Fintechs attack the payment terminal market The decline in cash is prompting retailers to equip themselves more and more with payment terminals. This booming market is attracting new players.