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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. While Revolut has emerged as one of the biggest players in the crowded FinTech sector, it has yet to make a profit. It boasts more than 12 million customers. the New York-based settlement platform.

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U.S. Congress Launches Task Forces for Fintech, AI

Bank Innovation

House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence. The chair of the task […].

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Top Corporate Treasurers Already Switching FIs To Gain FinTech Tools

PYMNTS

A new report by business banking market research and analysis firm East & Partners suggests corporations aren’t opposed to changing banks as a direct result of new FinTech solutions businesses want to use. Researchers announced East & Partners’ new report, “Financial Technology and the Corporate,” on Monday (Nov.

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The Hot New Job in Fintech: Someone to Deal With Regulators

Bank Innovation

regulators have taken a greater interest over the last year in technology startups promising to reinvent finance. This newfound attention is compelling the biggest names in fintech to prioritize a part of their business that’s often ignored.

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Fintech Deals to Watch: Back to School

Gonzobanker

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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New “flying” formation for banks and fintechs

Accenture: Banking

It’s a concept that banks and financial technology (fintech) companies should—and are—quickly learning. Five years ago, industry watchers forecasted fintech to be the imminent and dramatic demise of traditional banking. Likewise, fintechs are realising that flying alone can be energy sapping.

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Uber Creates Uber Money Team In India With FinTech Focus

PYMNTS

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported.