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!
A Fight Brews Between WeWork and SoftBank, As Adam Neumann Faces Pressure to Step Down
According to a new WSJ report, members of WeWorkā€™s board, involving co-founder and CEO Adam Neumann, are preparing to pressure Neumann to step down, and alternatively become Weā€™s, non-executive chairman. The move, states the outlet, would permit him to stay at the company he developed...
Libra states 180 possible replacements for 7 mutineers
Despite high-profile failures from Visa, Stripe, and more, the Facebook-led cryptocurrency Libra Association published that 1,500 organizations have shown interest in joining the Libra project.Ā One hundred eighty of those fit the eligibility qualifications to become members, which can replace the 7 companies that left...
PayPal reinstalls controversial policy of pocketing fees from refunds
PayPal is bringing back the controversial policy around its handling of fees in the case of a refund. Commencing next month, PayPal will start pocketing the initial 2.9 percent commission fee, which sellers forfeit even if they are refunding a customer in full. More about...
Kaszek Ventures Raises $600 Mn In Two Funds
Kaszek Ventures is an investment firm who has just raised $600 million across two new funds. It has been one of the principal architects of the current boom in startup financing and growth in Latin America. The new contract, which was raised roughly in two...
Robinhood, Stock Trading App, Makes it Ways To UK
The Silicon Valley-based stock trading app, Robinhood is ready to set shop in the UK as it has recently been given a brokerā€™s license with regulatory approval. While the company hasnā€™t revealed the big launch date, it has been confirmed that the Financial Conduct Authority...
BlockFi Raises $18.3 Million, Led by Valar Ventures
The two-year-old money lending company, BlockFi, has announced an $18.3 million in Series A funding. This funding has been led by Valar Ventureā€™s Peter Thiel and also includes participation from Winklevoss Capital, Akuna Capital, Morgan Creek Digital, ConsenSys Ventures and Galaxy Digital Ventures. Previously, the...
TD Ameritrade Introduces an In-Vehicle Finance Check Solution
As the tech industry is progressing, it is showing its effect on all the possible industries including, healthcare, marketing, and finance is no exception. To keep up with the latest trends,Ā TD Ameritrade, an investment service company has launched an in-vehicle feature that allows individuals to...
Manulife Bank Partners With Kasisto To Deploy Its AI Chatbot
The world of finance is adapting technology at lightning speed rate. Everything is becoming majorly automatized, thus helping the sector to progress faster and move towards better opportunities. Trending in the latest fintech news, Manulife Financial’s subsidiary economic division,Ā Manulife BankĀ has partnered with digital experience providers...
South African Fintech Startup Lulalend Raises $6.5m
The financial sector is on a technological boom. It is one industry that is undertaking technological advancements in each of its department. Industry professionals are becoming more aware of the upcoming trends and trying to adopt them for their own benefit. Along with that, it...
Tink Partners With NatWest and Raises ā‚¬56 million
The world of technology is taking over every domain possible. The rate at which industries are benefiting by advancing their IT is distinctively seen in each of their activities. On similar lines, trending in the financial tech domain is the news of Tink, the Sweden-based...
