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Indonesian FinTech LinkAja Closes $100M Series B Led By Singapore Super App Grab 

PYMNTS

Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia. . “We LinkAja is among the only FinTech startups created by BUMN. We are very enthusiastic about joining Grab as one of our shareholders.

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Amex, Santander Explore FinTech Using API

PYMNTS

American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. At the same time, they are facing new competition from smaller, nimbler financial technology upstarts that are, in some cases, able to move on a dime to reach customers that traditional banks are often unwilling – or unable – to do business with.

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FinTech Oxygen Introduces eBanking Solution For Gig Economy

PYMNTS

By using digital technology and tapping the right network of industry leaders, he was able to create a banking platform for people in situations like he was as a consultant. workforce by 2027. Ahmed launched Oxygen when he encountered banking problems while running a freelance consultancy business.

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Real-Time Payments Have Numerous Real-World Applications

PYMNTS

Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. workforce in Q4 2018, a number that’s expected to tip over to a majority share by 2027. Adoption depends greatly on partnerships to make RTP more accessible. percent of the U.S.

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Freelancer Payments Turn Traditional Payroll On Its Head

PYMNTS

The freelance and gig work economy continues to grow, creating wide-open opportunities for FinTechs and service providers addressing a range of new pain points for both the talent and the employer. That figure could rise to 50 percent, it estimates, by 2027. working population. It’s not a U.S.-only

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 Fintech secures jersey partnership with Minnesota Timberwolves

American Banker

Minneapolis-based buy now/pay later fintech Sezzle has partnered with the Minnesota Timberwolves of the National Basketball Association to have its brand represented on uniforms until 2027.

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Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. The report showed that investments hit a record $27.4