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As it waits for regulators to approve its $35 billion acquisition of payments network Discover, Capital One is “fully mobilized to plan and deliver a successful integration.”  Adding Discover will make the $475 billion bank a more “diversified, vertically-integrated global payments platform,” and Discover’s payment volume generated from its 100 million customers will scale Capital…

This week’s main blog discussions include … I just debanked my bank … before they debanked me There’s a huge furore in Britain about debanking: the process where a bank says we cannot trust you anymore so get lost. It happened to Nigel Farage, a high profile figure, and now it’s happened to me. What……

Welcome to TechCrunch Fintech! This week, we’re looking at Stripe’s big product announcements, a bump in valuation for a Brazilian fintech startup and much more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.  The big story Stripe announced that it will…

Things we’re reading today include … Stripe’s big changes, Brazil’s newest fintech unicorn and the tale of a startup shutdown | TechCrunch Digital bank Monzo expands fundraising to £500m in deal with top tech investor | Business News | Sky News Volt: Meet the fintech taking on Visa and Mastercard’s duopoly (cityam.com) Capital levels are……

I just discovered a portal of information from McKinsey. Now, now, now … I know you may love or hate McKinsey but bear in mind that all their staff have an Upper Second Grade or First Grade degree, OK?So, I start delving into their portal that answers questions like: What is inflation? What is quantum computing?……

European banks BNP Paribas and Deutsche Bank plan to pull back on expenses this year as they lean into their tech investments. “We are maintaining our cost discipline,” Deutsche Bank Chief Executive Christian Sewing said during the $578 billion bank’s first-quarter earnings call April 25. “2023 marked the peak of our investments, but we continue…

Technology provider Jack Henry leans into its financial health training and offerings during April — Financial Literacy Month. Jack Henry’s financial institution clients can tap into the tech provider’s direct API connection to benefit from data aggregation, personal financial management and fraud detection tools, Nicole Harper, director of corporate strategy at Jack Henry, told Bank…

Fintech funding hit a four-year low in the first quarter of 2024, partly driven by the higher cost of capital and a change in priorities for investors.   Global fintech funding clocked in at $7.3 billion in Q1, down 54% year over year, while the number of deals completed fell to 904, down by 28%…

Things we’re reading today include … HSBC CEO Noel Quinn to Retire in Surprise Announcement – Bloomberg Starling Bank’s SaaS business can be bigger than the bank, says its boss, who has no ambitions to be a future Starling CEO – Tech.eu SoFi reports strong Q1 revenue and profits | Fintech Nexus Top 10 fintech……

Gideon Valkin’s solo VC firm Andrena Ventures raised $12 million from backers including several VCs and entrepreneurs, and made its first investment into AI startup Nustom. © 2024 TechCrunch. All rights reserved. For personal use only.