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Fintech predictions and opportunities for 2023

TechCrunch

Fintech has fallen a long way from the highs of 2021, and while 2022 was largely about the reset of the funding environment, 2023 is going to be a year of recalibration for fintech companies. Larger companies are more likely to cut back on internal innovation efforts and technology investments that are not core to the business.

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Square’s bank arm launches as fintech aims ‘to operate more nimbly’

TechCrunch

Known for its innovations in the payments sector, Square is now officially a bank. In a statement, Square CFO and executive chairman for Square Financial Services, Amrita Ahuja said that bringing banking capability in house will allow the fintech to “operate more nimbly.”. David Grodsky, Chief Compliance Officer.

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Visa takes a swipe in fintech, builds new online marketplace

TechCrunch

The relationships between banks and fintechs are multi-faceted. Well, today, an announcement by global payments giant Visa is aimed at helping facilitate banks and fintechs’ ability to work together. I talked with Terry Angelos, senior vice president and global head of fintech at Visa, to understand just exactly what that means.

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Onboarding and automation: What fintechs can learn from big banks

TechCrunch

This creates increased regulatory scrutiny, with the risk of massive fines for non-compliance. The urge to reduce costs imperils continued investment in innovative financial products and services, while at the same time customers have higher expectations than ever for easy, effective, and great experiences. Why focus on onboarding?

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Stitch emerges from stealth with $4M for its API fintech play in Africa

TechCrunch

Over the years, there has been a growing trend of fintech infrastructure players around the world. Stitch , a South African fintech startup, is one of them and today, it is coming out of stealth and announcing its seed round of $4 million. This makes it the largest round raised by any API fintech startup in Africa at the moment.

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Fintech Marqeta expands into credit card space days after filing for an IPO

TechCrunch

The move comes just days after the payment card issuing company reportedly filed confidentially for an initial public offering, making it the latest fintech to make a move to the public markets. Providing card services to fintech companies around the world gives Marqeta a $4.3 billion valuation. Image Credits: Marqeta.

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Alloy raises $100M at a $1.35B valuation to help banks and fintechs fight fraud with its API-based platform

TechCrunch

Alloy, which has built an identity operating system for banks and fintechs, announced Thursday that it has raised $100 million at a $1.35 Put simply, the startup’ s initial mission was to help banks and fintechs make better identity and risk decisions using its single API service and SaaS platform. . billion valuation.

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