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Revolut Brings Open Banking To Germany In Deal With TrueLayer

PYMNTS

Open banking lets third-party financial service companies to have access to a consumer’s banking transactions and other financial data from financial institutions (FIs). Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company. banking license.

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Visa to face U.S. antitrust suit over plaid acquisition

BankInovation

accusing Visa of trying to buy the financial-technology firm to eliminate an emerging threat to its online debit business. The Justice Department said in an antitrust complaint filed Thursday in federal court in San Francisco that the deal for Plaid […]. Justice Department sued to block Visa Inc.’s

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SoFi Expands Into Hong Kong With ‘Automated Investing’ Vehicle

PYMNTS

The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up commission-free trading there. The new Hong Kong-based SoFi Invest will also offer “automated investing” along with financial advice and education, per a press release announcing the expansion.

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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. ,

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SoFi Deals Point To Question: ‘Just What’s a Bank?’

PYMNTS

To that end, earlier this month FinTech firm SoFi made the leap beyond San Francisco to Hong Kong, having bought online brokerage firm 8 Securities. The financial terms of the deal were not disclosed. But the expansion, giving rise to the new SoFi Invest will offer “automated investing” and financial education.

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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

PYMNTS

The CEO of SoFi, the digital personal finance company based in San Francisco, said its investor accounts have doubled this year, mostly due to fractional shares. Since then, it has expanded its financial products to offer personal and mortgage loans. In 2019, it launched SoFi Invest and SoFi Money, a cash management account.

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Checkout.com Buys Australian Startup Pin Payments

PYMNTS

Checkout.com faces competition from Stripe, a San Francisco technology company that allows businesses to make and receive payments over the internet, and Adyen, a Dutch payment company that provides businesses a way to accept eCommerce, mobile and point-of-sale payments.

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