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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts.

Startups 107
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World’s Best Banks 2024: Global Winners

Global Finance

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. This time, the failures disproportionally affected the venture capital-backed tech startup sector that these banks catered to. Throughout 2023, JPMorgan Chase raised $2.3

Banking 107
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The Innovators 2024—Best Financial Innovation Labs

Global Finance

Other technological innovations from these labs address everything from improving anti-money laundering (AML) compliance and easing underwriting processes to speeding up customer onboarding and improving cash management for small and midsize enterprise (SME) clients. Thus far, 64 startups have graduated from the lab.

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Cybersecurity Unicorn Steals The B2B Investment Show

PYMNTS

Surprise, surprise: a cybersecurity startup saw the largest funding round of the week by far. WannaCry’s explosive impact on the industry has enterprise security on everyone’s mind, and this startup is now a unicorn because of that attention, closing $100 million in Series D financing. Cash Management. B2B Marketing.

B2B 61
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Goldman Eyes FinTech As Investment — And As Strategy

PYMNTS

As CEO David Solomon said in reference to an ongoing review of the fixed income, currency and commodities division (commonly known as FICC), the company is training its sights on cash management Keep in mind that FICC, for the full year 2018, contributed $5.9 billion, which grew 11 percent year on year.

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Thyngs Teams With CDS Global; Alipay Partners With Turkish FinTech

PYMNTS

Mark Judd, managing director of CDS Global in the U.K. And global payments platform Currencycloud has teamed up with Evarvest, a startup based in Lithuania, Currencycloud said in an announcement. The solution offers corporate cash management functionality and supports multiple currencies per the report.

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Ant Financial Adds Third Bank Partner This Month

PYMNTS

Also, Alipay has added two new third-party money market funds to its Yu’e Bao spare cash management platform within the Alipay app. Finally, on the consumer side, Ant Financial subsidiary Huabei says it will be partnering with consumer financial institutions (FIs) to power solutions in that space. What It Says About The Space.

Banking 40