For the most recent details about the financial market, technology used in finance, and much more, iTMunch is your up-to-the-minute source. Keep reading iTMunch for the latest finance news!
Ebanx appoints ex-Google, ex-Facebook exec Bellizia as President, Global Payments
Latin American payments fintech company Ebanx has announced the appointment of former Microsoft and Google exec ‘Paula Bellizia’ as the company’s President of Global Payments. The cross-border payments company announced the appointment of Bellizia in a press release saying that she would be leading the...
PayPal shuts 4.5 million fake accounts, shares plunge 25%
While talking about its Quarter 4 earnings, PayPal’s Chief Finance Officer, John Rainey revealed that about 4.5 million accounts had been closed down after ‘bad actors’ took advantage of rewards and incentives programmes. This resulted in PayPal’s shares falling down by a whopping 25%. On...
BNPL giant Klarna launches its physical card in the United Kingdom
Buy Now Pay Later titan Klarna has announced that it will be launching an all-new physical card in the United Kingdom that allows users to, quite literally, show now and pay later at physical and online stores. The Swedish financial technology company is said that...
Chime’s $40 Billion IPO: Goldman Sachs at the Helm
Chime Financial, Inc., a US-based fintech company, has invited Goldman Sachs to help it become ready for an Initial Public Offering (IPO) that might value the online banking titan up to $40 billion. Goldman Sachs was chosen by Chime after interviewing multiple high-potential investment banks...
Mastercard Introduces Track Instant Pay for Swift B2B Transactions
Introduction United States-based multinational financial services organization, Mastercard has launched a virtual card that uses the power of machine learning and “straight-through processing” for instant supplier invoice payments. The financial services company said that slow, inefficient payment processes continually hamper businesses, hit the cash flow...
Fintech giant Plaid acquires Cognito for $250 million
Plaid, a financial technology giant that’s known for its API, has announced that it’ll be acquiring Cognito for about $250 million. The transaction will happen in a combination of stocks and cash. Cognito provides identity verification and compliance service with the help of groundbreaking tech...
iCapital Network bags $50 million in its latest funding round
FinTech platform company iCapital Network announced that it has grabbed over $50 million in its latest funding round. The funding round for iCapital Network was led by WestCap and included participation from venture capital firms Temasek and Apollo Global Management. Headquartered in New York, iCapital...
7 Important Points to Remember While Starting Your Career in Fintech
Over the past decade, financial technology (FinTech) has emerged as one of the most exciting industries in the world. Modern businesses of all sizes depend on different technologies to go carry out their financial transactions and activities. Most recently, machine learning and blockchain are penetrating...
Bitcoin Mining – Is it worth it & will it be profitable in 2022?
The process of earning new Bitcoins in exchange for solving complex mathematical puzzles and operating the verification process for Bitcoin transaction validation is known as Bitcoin mining. The transactions provide reliability and security for the network of Bitcoin. This in turn rewards miners by compensating...
Fintech giant Revolut plans on building its own cryptocurrency exchange
Financial technology company Revolut has begun hiring employees for its cryptocurrency exchange. A LinkedIn post by the company confirmed that Revolut is looking for a Technical Lead for architecting its crypto exchange with its 7 years of experience in creating order matching engines. The crypto...
