Page 50 - Bi Intelligence News Today

Swiss bank UBS Group AG will buy the robo-advisor Wealthfront for $1.4 billion, per a press release.

US-based crypto as a service platform Fireblocks raised $550 million in Series E funding, quadrupling its valuation to $8 billion from six months ago.

Insider Intelligence looks at the shifts in the broader environment that fintechs operate in, including key players, emerging technologies, funding patterns and regulatory trends.

Visa and Mastercard reported strong end-of-year earnings buoyed by holiday sales, but both noted that the omicron spike led to uneven global growth.

Revolut has updated its US-Mexico remittances offering to enable 10 free transfers in just a 30-minute window.

TD Bank unveiled a series of major technology updates this week that range from a new hiring initiative to patent milestones.

Apple is reportedly developing technology that will let merchants accept contactless payments using their iPhones.

Estonia-based digital ID regtech Veriff raised a $100 million Series C at a $1.5 billion valuation after a stellar year of growth.

The ​​US led in fintech deal count and funding during 2021, while investments in Asia and Latin America reached record highs.

American Express's total network volume surged 30% year over year (YoY), up slightly from last quarter's 29% YoY increase,.