FinTech Archives - CFO

Walmart CFO Brett Biggs Is Stepping Down

Walmart CFO Brett Biggs Is Stepping Down

Biggs will remain with the retailer until a successor is named next year. He expects to leave the company in January 2023.

By Vincent Ryan | November 29, 2021

Square Building Fintech Company With ‘Primary Focus on Bitcoin’

Square Building Fintech Company With ‘Primary Focus on Bitcoin’

CEO Jack Dorsey said the business will be dedicated to “decentralized financial services” using bitcoin.

By Lauren Muskett | July 16, 2021

Visa Buys Tink in $2.1B Open Banking Play

Visa Buys Tink in $2.1B Open Banking Play

Sweden's Tink offers Visa an entrée to a fast-growing market that "has the potential to create an alternative" to debit- and credit-card networks.

By Matthew Heller | June 24, 2021

Acorns to Go Public Through $2B SPAC Deal

Acorns to Go Public Through $2B SPAC Deal

“Now was the time to go public to accelerate our growth and get the tools of responsible wealth-making in everyone’s hands as fast as possible."

By Matthew Heller | May 27, 2021

Bill.Com Adds Divvy to Back-Office Solutions

Bill.Com Adds Divvy to Back-Office Solutions

The $2.5 billion deal will enable Bill.com to offer expense management software and smart corporate cards to its more than 115,000 customers.

By Matthew Heller | May 7, 2021

Square Commences Operations as an Industrial Bank

Credit & Capital

Square Commences Operations as an Industrial Bank

The fintech company's CFO Amrita Ahuja said bringing banking capability in-house will enable the company to “operate more nimbly.”

By Lauren Muskett | March 2, 2021

Affirm Shares Surge in Debut After $1.2B IPO

Affirm Shares Surge in Debut After $1.2B IPO

The flotation of the online lender extends "a frenzied run of tech IPOs dating back to the second half of last year."

By Matthew Heller | January 13, 2021

Is China Stepping Up Fintech Regulation a Good Thing?

Risk & Compliance

Is China Stepping Up Fintech Regulation a Good Thing?

As developments in fintech continue to emerge, Chinese regulators have become increasingly worried about finance being overshadowed by technology.

By Lauren Muskett | December 14, 2020

FTC Says Fintech Startup Beam Misled Consumers

FTC Says Fintech Startup Beam Misled Consumers

Beam allegedly made false promises to users of its app that it would provide them with 24/7 access to their funds and substantial interest rates.

By Matthew Heller | November 19, 2020

DOJ Considers Blocking Visa’s Acquisition of Fintech Firm Plaid: Report

Risk & Compliance

DOJ Considers Blocking Visa’s Acquisition of Fintech Firm Plaid: Report

The proposed transaction is being reviewed over antitrust concerns.

By Lauren Muskett | October 28, 2020

JPMorgan Takes Aim at Top Fintech Players’ SMB Market Share

JPMorgan Takes Aim at Top Fintech Players’ SMB Market Share

The bank’s QuickAccept service allows businesses to take card payments with no fee, and sales will hit their Chase accounts on the same day.

By Lauren Muskett | October 21, 2020

AmEx Buys Kabbage in SMB Solutions Move

AmEx Buys Kabbage in SMB Solutions Move

The deal "accelerates our plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place."

By Matthew Heller | August 18, 2020

Fintech Varo Wins FDIC Approval To Take Deposits

Fintech Varo Wins FDIC Approval To Take Deposits

The company said the approval was “a significant step in [its] application process for a national bank charter.”

By Vincent Ryan | February 11, 2020

Visa Makes Fintech Move With $5.3B Plaid Buy

Visa Makes Fintech Move With $5.3B Plaid Buy

The deal gives Visa access to software that fintech app developers use to interface with customers' bank accounts.

By Matthew Heller | January 14, 2020

Uber Forms New Unit to Push Financial Products

Uber Forms New Unit to Push Financial Products

The company "is betting that by building out its financial ecosystem, it can keep drivers and riders loyal to its platform."

By Matthew Heller | October 30, 2019