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Flipkart has announced partnerships with several banking, insurance and financial service entities, ahead of The Big Billion Days, to make shopping on the platform more affordable than before.

Through these partnerships, the company is offering affordable credit options through seventeen leading banks, NBFCs (non-banking financial companies) and fintech players on the platform, which will drive credit accessibility for over 70 million customers.

Flipkart has partnered with State Bank of India (SBI) and SBI Card to provide a 10 per cent discount to their debit and credit cards holders.

“At Flipkart, customer-centricity is at the heart of all our endeavors, as we create increased shared value for all our stakeholders and partners in

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IDEMIA, the global leader in Augmented Identity, helps FinTechs launch card programs rapidly with the IDEMIA Fintech Accelerator Card Program, a dedicated program from onboarding to card issuance.

In the context of a rapid transformation of the banking industry, IDEMIA, the global leader in Augmented Identity, supports FinTechs and neobanks with the launch of the Global Fintech Accelerator Card Program. This new program allows a rapid process from cardholder onboarding – to card issuance.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005366/en/

(Photo: Business Wire)

IDEMIA’s leadership in card manufacturing, as the number 1 global FinTech card issuance partner, is based on a solid experience of a global dedicated FinTech team and a network of 30 Service Centers in 26 countries around the world. FinTechs can leverage the capability and know-how of IDEMIA to enable card issuance into the marketplace anywhere in the world.

Over the years,

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Pandemic or not, the time has come for freelancers and the self-employed to be prioritized by the fintech industry. In Germany, freelancers spend an average of 25 days and €3000 ($3,510) a year attempting to organize their finances through disparate banking, accounting and tax advisory services.

Due to a lack of education, complex processes and subsequent delays, the self-employed are deprived of a clear, holistic view of their finances and are therefore, exposed to liquidity bottlenecks and the risk of being cash-strapped, especially problematic amid uncertainty as a result of Covid-19.

A one-stop shop solution is required. To resolve this issue, Berlin-based mobile business bank Kontist has recently launched a service that makes accounting an integral part of bank transactions so that corporate and income tax calculations can be made in real-time.

While accountants and tax agents are ready to help, it is

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  • Wells Fargo will enable customers to share financial data with third parties via Envestnet | Yodlee’s platform.
  • This move will help the bank take advantage of pandemic-driven use of financial wellness apps.
  • Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here.

Customers of the major bank will be able to share their financial data via an API with over 1,400 third-party financial applications that use the Envestnet | Yodlee Financial Data Aggregation Platform.

wells fargo fintech accelerator_4x3

Wells Fargo ups third-party fintech data-sharing capabilities.

BII


Going forward, Wells Fargo intends to offer clients more fine-grained control over how they share their financial data by allowing them to toggle data sharing on and off and manage what data is shared with Envestnet | Yodlee-supported apps within Wells Fargo’s digital Control Tower feature. The bank plans to start launching the

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Will PayPal Or A Fintech Move Next

September 29, 2020 | technology | No Comments

The consolidating impact of the pandemic on the global payments sector is finally being felt. After a dearth of M&A deals in the money transfer and cross-border payments space, two significant deals have come thick and fast sweeping up two sizable independent players.

In August, WorldRemit, one of the leading remittances Fintechs announced its plans to acquire Sendwave, an African mobile money transfer player. And this month, FLEETCOR, owner of B2B cross-border payments player Cambridge Global Payments, announced it was acquiring one of the oldest independent groups in the space – Associated Foreign Exchange (AFEX). Why have these two deals happened now?

Unfortunately, WorldRemit is not yet able to talk publicly about the deal but we were able to talk with John Coughlin, President of Corporate Payments at FLEETCOR, the division that owns Cambridge and that will

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A month after completing Y Combinator’s accelerator program, BukuWarung, an financial tech startup that serves small businesses in Indonesia, announced it has raised new funding from a roster of high-profile investors, including partners of DST Global, Soma Capital and 20VC.

The amount of the funding was undisclosed, but a source told TechCrunch that it was between $10 million to $15 million. The new capital will be used to hire for BukuWarung’s technology team. TechCrunch first profiled BukuWarung in July.

Angel investors in the round include several high-profile founders and executives: finance technology platform Plaid’s co-founder William Hockey; Tinder co-founder Justin Mateen; Superhuman founder Rahul Vohra; Adobe chief product officer Scott Belsky; Clearbit chairman and startup advisor Josh Buckley; former Uber chief product officer Manik Gupta; Spotify’s former head of new markets in Asia Sriram Krishnan; 20VC founder Harry Stebbings; Nancy Xiao, an investor with Bond Capital; and Fast co-founder Allison

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Technology is shifting the way industries market to, acquire, and serve consumers. To understand how technology will impact the financial services industry, I turned to Jonathan Metrick, the Chief Growth Officer for Portage Ventures, a fintech focused VC. Below are his insights.

Kimberly Whitler: How does your experience provide a unique perspective on tech and the financial services industry?

Jonathan Metrick: My unique perspective comes from my experience on both the investing & operating sides of fintech (financial technology). My role as Chief Growth Officer at Portage Ventures allows me to see the breadth of the industry, by advising over a dozen fintech businesses across our global portfolio on marketing & growth. Prior to this role, I was the CMO of Policygenius, the leading insurtech marketplace in the US, where I gained deep expertise building a marketing division of +40 and helping scale the business 10x in three

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