Mastercard acquires Finicity for $825 million to advance in open banking
Mastercard has bought the Salt Lake City-based fintech Finicity. With this move, the card issuer aims to strengthen its open banking platform and expand financial services through more real-time access to data.
Is the Fintech Bubble About to Burst? Lessons from Credit Suisse’s Collapse
Last week, UBS acquired Credit Suisse in a $3.25 billion rescue deal. This event has raised concerns about the viability of business models of highly valued fintech startups.
Zeta and Featurespace Join Forces to Offer Innovative Credit Card Processing and Fraud Detection Solution
Modern core banking technology provider Zeta and fraud prevention company Featurespace announced a new partnership on March 22, 2023.
Fintech Companies Put a Hiring Freeze Due to Economic Climate
A major new report by Erlang Solutions has revealed that half of all fintech firms have put a stop to hiring staff in 2023 due to the challenging economic climate.
Recap of FinovateEurope 2023: Key Themes and Takeaways
With a focus on innovation and customer needs, the future looks bright for the industry.