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Treasury management provider Dragonfly FinancialTechnologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond FinancialTechnologies and announced plans to spin off merchant solutions (to be named Worldpay ). LevelField Financial Inc.
Democratic Congressman Bill Foster, who represents the 11th District of Illinois, has sent a letter to Maxine Waters, Democratic Chairwoman of the House Financial Services Committee, to express his “strong interest in serving as the Chair of the Taskforce on FinancialTechnology and Innovation that will be convened in the coming weeks.”
The Problem With PayDay Lending . There is neither a shortage of controversial topics in financial services or financialtechnology nor a shortage of subjects that tend to polarize people. Time to recognize the importance of lending for consumers and small businesses and for making the economy go ‘round and ‘round.
Meanwhile, a number of other financialtechnology firms received major funding and rolled out new alliances and products. Community banks, given their limited technology and marketing resources, will rely on existing technology platform partners for future services. Collin Canright is a financial writer in Illinois.
The vast majority went into alt-lending including NYC-based Pave ($30o million), Australian P2P platform MoneyPlace ($60 million from Auswide Bank), and Chinese lenders Fengjr.com ($80 million) and Dashu Finance ($77 million). HQ: Chicago, Illinois. Diversified financialtechnology provider. Total raised: $300 million.
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