FinTech News

Social Finance (SoFi) is hoping to shake off the recent slump in the online lending space and raise half a billion dollars in a new equity round, according to reports.

Financial service firm TIAA is acquiring online lender EverBank for $2.5bn, as the firm seeks to build out its banking services.

German insurance giant Allianz has hired a new CEO for its InsurTech incubator Allianz X. Peter Borchers will join the firm from Deutsche Telekom, where he founded the company’s hub:raum incubator.

Digital banking startup Airbanq has raised $2.5m in a seed round of funding to bring financial services to under banked consumers.

Spanish banking giant BBVA has announced the 56 finalists for its eighth Open Talent competition that aims to seek out and support new FinTech startups and innovations.

Bitspark, a Hong Kong-based remittance service that leverages bitcoin and blockchain technology is partnering with direct marketing and e-commerce firm Vitaxel

Chinese peer-to-peer lending firm CreditEase is expanding its VC team with the hire of the former global CIO at Standard Charter Bank, Anju Patwardhan.

Australian small business-lending marketplace Bigstone has raised $3m in funding. The capital comes from private equity firm CVC.

PayU, a payments provider owned by South African multinational Naspers, is acquiring Indian payments and mobile banking service Citrus Pay.

Derivatives processing business truePTS, a spinout of digital trading platform operator trueEX, has appointed Zohar Hod as its CEO.Hod is joining the company from Intercontinental Exchange...