Sometimes the story in a funding announcement isn't necessarily the funding itself, but rather the investors. That's the case with today's news of supply chain finance provider Taulia's $60 million funding round. The strategic round, which brings ...
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07/09/2020

By Julie Muhn (@julieschicktanz) on 2020/07/09 14:06 -0400

Sometimes the story in a funding announcement isn’t necessarily the funding itself, but rather the investors. That’s the case with today’s news of supply chain finance provider Taulia’s $60 million funding round.

The strategic round, which brings Taulia’s total funding to $177 million, was led by China-based Ping An Global Voyager Fund. J.P. Morgan and Prosperity7 Ventures also participated, along with existing investors including Zouk Capital.

With...

  
 
By David Penn on 2020/07/09 13:29 -0400

Advanced biometric technologies like facial recognition have their critics. The city of Boston, Massachusetts, just a few weeks ago, became the second community in the world to ban the use of facial recognition technology over concerns of bias against ethnic minorities. And the use of facial recognition in places like China has heightened concerns over the potential privacy-violating aspects of the technology.

Nevertheless, the fact that companies continue to innovate in the biometric...

  
 
By David Penn on 2020/07/09 02:09 -0400

Two of the biggest stories of 2020 so far – the global public health crisis of COVID-19 and the worldwide resurgence in social justice activism – have had as much impact on the fintech industry as they have the rest of the world.

The mobilization of banks and fintechs to facilitate financing for small businesses, for example, or to offer discounts on their services for essential workers in other industries has been impressive.

And it has been heartening to see companies...

  
 
By David Penn on 2020/07/08 16:47 -0400

From the arrival of disruption to the shores of the wealth management industry to the eagerness of Asia’s large e-commerce platforms to bring credit to the region’s overlooked consumers and small businesses, Day Three of FinovateAsia Digital continues to provide some of the most insightful commentary on fintech trends in the Asia-Pacific region. Today we share some of the highlights from the third day of our online conference.

Our all-digital event, FinovateAsia Digital,...

  
 
By Julie Muhn (@julieschicktanz) on 2020/07/08 14:58 -0400

Cryptocurrency exchange platform Binance made a major purchase today, acquiring digital wallet and crypto debit card company Swipe. The deal closed for an undisclosed amount.

The aim of the acquisition is to help push the use of cryptocurrencies into the mainstream by encouraging payments with cryptocurrencies through traditional financial systems such as debit cards.

U.K.-based Swipe provides a cryptocurrency banking account that offers a multi-currency mobile wallet, the ability to...

  
 
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