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Sunday, November 17, 2019

Companies

SoFi Growth Mindset, Continues Stream of New Product Launches

Imagine a one-stop-shop for investing in stocks, electronic-traded funds (ETFs) and crypto. Well, it’s here. Digital personal finance company, SoFi, has a new app that will give its more than 800,000 members a direct, straightforward access to investing in everything from crypto, ETFs, stocks, and other asset types...

Capital

Credit Card Consumers Deserve Better, Goldman Sachs Agrees

Credit goes a long way. Silicon Valley’s Deserve, a company that offers credit card options to students and professionals just raised $50 million with backing led by Goldman Sachs, in addition to Sallie Mae, Accel, Pelion Venture Partners, and Mission Holdings. This new investment pushes the startup into total equity of more than $147 million and will allow the company to hire engineers and data scientists, develop its CaaS, expand its...

Leaders

Wells Fargo’s Innovation Chief Delves Deep Into The Future of Banking

The future of banking is happening now. Liza Frazier knows this. It’s why she’s pushing Wells Fargo to accelerate its digital banking services to another level. As the bank’s executive vice president and head of innovation, Frazier wants to enhance the company’s delivery of next-generation technology, services, and products...

Features

A Fantastic Fintech Opportunity Is Playing Out With The Underbanked

It’s no secret that most Americans live paycheck to paycheck, which makes maintaining a simple bank account all the more challenging. Overdraft and other banking fees for low balances and other account “missteps” only set customers back more and prevent them from building basic assets like a savings account...

Popular Articles

The Top 25 Women Leaders In Financial Technology of 2019

The Financial Technology Report is proud to announce and celebrate the exceptional women who are playing leading roles at the companies shaping the financial...

Top 50 Financial Technology CEOs of 2019

The Financial Technology Report is pleased to announce this year's awardees for the Top 50 Financial Technology CEOs of 2019.  Awardees were selected based...

The Top 25 Financial Technology CTOs of 2019

The Financial Technology Report is pleased to announce our inaugural awards for The Top 25 Financial Technology CTOs of 2019.  While CEOs are often...

Revolut Plans 24-Country Expansion Despite Big Loss in 2018

Revolut, a digital-only banking service provider, isn’t too worried about its staggering fiscal year 2018 losses. The company reported a loss of £32.8 million for the period against £58.2 million in revenue...

The CapitalG Advantage, Much More than Deep Pockets

Lyft, Snap, Airbnb, SurveyMonkey, Glassdoor, and Duolingo are a sampling of Capital G’s great picks.  The investment firm began in 2013 in Mountain View,...

Plaid’s CEO Undeterred Even As Co-Founder, CTO Stepped Down

Plaid, the financial technology startup that enables fintech companies to access consumers banking data with their permission, is in a state of flux. Earlier this summer, Plaid, which has a valuation of more than $2.5 billion, announced the departure of William Hockey, co-founder, chief technology officer, and president. Hockey is staying on as a board member and his duties are being handled by the executive team including CEO Zach Perret...

Mastercard CEO Ajay Singh Banga In Good Company Since High School

The century-old Hyderabad Public School in Hyderabad, India was modeled after England’s Eton College and designed to educate the country’s aristocratic sons, but a...

For Julie Loeger Of Discover Financial, Innovation Comes From The Trenches

When it comes to innovation, Julie Loeger is adept at developing products that will resonate with consumers. As the executive vice president and chief marketing officer for Discover Financial Services, it was Loeger who created the 5% Cashback Rewards Program at Discover Financial and was behind the company’s Discover It cashback credit card. Since then Loeger and her team have successfully launched the Discover Miles card, Secure card, Free FICO, and Credit Scorecard among other products...

Mobile Fintech Entrepreneur Bassim Haidar Found His Motivation in His Family’s Past

Entrepreneur Bassim Haidar is currently one of Africa's most prominent billionaires--but this hasn't always been the case. Haidar, a Lebanese national, was born in Nigeria and lived there until he was 10. After his family moved to Lebanon, he finished school and attended Beirut University College. What motivated him to start his first business at age 20, however, was quite simple: he was looking to restore his family's lost fortune, a task he has now completed many times over...

Penny Pritzker and Alexa von Tobel To Raise $200 Million Venture Capital Fund

SEC filings in January unveiled plans by LearnVest founder Alexa von Tobel to raise $200 million to launch an early-stage venture capital fund. According to Fortune,...