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THE NEWS HIGHLIGHT OF THE DAY IS
The U.S. Justice Department has tapped a seasoned computer crimes prosecutor, Eun Young Choi to lead its new national cryptocurrency enforcement team and announced that the FBI is launching a unit for blockchain analysis and virtual asset seizure.
JUST IN:
Klarna, a leading global retail bank, payments, and shopping service, announced that its waitlist for the Klarna Card is now open to all US consumers.
ALSO:
U.S. Bank announced a new solution with Payactiv to bring Earned Wage Access (EWA) to U.S. Bank clients.
FURTHERMORE,
Bnext will now use the blockchain technology of their investor Algorand, one of the few decentralized platforms exclusively focused on the exchange of capital worldwide, to develop financial products as well as reduce execution times and costs.
WHAT ARE THE LATEST INSIGHTS?
Nubank, the Brazilian fintech was able to attain an extraordinary market footing due to its business strategy, one which prioritizes growth and client base expansion over profits. The main points of contact between Nubank and its customers are through the company’s online chat and customer representatives. Studies have identified that NuBank’s virtual representatives do not utilize traditional scripts, but rely instead on the display of authentic, humorous, outgoing, but effective interactions.
LET’S HEAR ALL ABOUT MERGERS AND ACQUISITIONS:
SoFi Technologies Inc. is buying banking-software maker Technisys SA for about $1.1 billion, the latest in a string of deals designed to transform the lender into a one-stop financial shop.
AS FOR PARTNERSHIPS
HooYu is partnering with Virgin Money, the full-service digital bank, to implement a new account opening journey for Virgin Money customers.
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
Tilled, the leading PayFac-as-a-Service provider, announced the close of a funding round, led by G Squared, with participation from existing investors Peterson Ventures and Abstract Ventures.
NOW, LET’S COVER NEW LAUNCHES AND FEATURES.
GoDaddy continues to make e-commerce and in-person payments faster, easier, and more accessible to small businesses with its latest release of QR codes for on-the-go transactions.