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Wells Fargo CEO: 'Blockchain Has Been Way Oversold'

The chief executives for Mastercard and Wells Fargo said they see potential in blockchain technology, but it has yet to revolutionize the business sector. So reports a CNBC.

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Kyriba Hits $1.2B Valuation After 'Growth Round'

Bridgepoint has taken the lead on a $160 million “growth round” for U.S.-based fintech Kyriba. So reports AltAssets. The company now stands at a $1.2 billion valuation. As such, Bridgepoint has a majority stake in Kyriba, while Iris Capital, Daher Capital, and Kyriba’s CEO Jean-Luc Robert remain invested in the company, the story reads. Kyriba’s “cloud-based SaaS enterprise platform” gives financial services companies cash and risk management, working capital optimization service and payments.

Read the full story from AltAssets

https://www.altassets.net/private-equity-news/by-news-type/deal-news/bridgepoint-leads-160m-growth-round-for-us-fintech-kyriba.html

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Line Explores FinTech, AI and Payments

Line, an Asian messaging company, is planning to expand its business into fintech services and payments. So reports Pymnts.

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Lehigh FinTech Hosts Its First Fintech 'Hackathon'

Students from schools across the nation will participate in LFGhacks 2019, a Fintech “hackathon” competition aimed at problem solving and networking. So reports Lehigh University News.

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Kingsbridge Wealth Management Leads $122M Investment in Point

Fintech startup Point pulled in $122M in its latest funding round, $100 million of which came from Kingsbridge Wealth Management. So reports Inman.

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MassChallenge FinTech Bulks Up with New Radius Partnership

Radius Bank is partnering with MassChallenge FinTech to support and participate in the “evolution” of financial services. So reports Banker & Tradesman.

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Tally Offers One-of-a-kind Savings Service

San Francisco-based fintech Tally is rolling out a unique automated savings service it says, despite being “reasonably expensive” to administer, is free for customers. So reports Fortune.

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KYC Verification at Heart of Chess.com Bitcoin Flip-flop

Gaming platform Chess.com initially said it will, again, be accepting Bitcoin and Bitcoin Cash for premium subscriptions. However, it has since retracted that statement after encountering a “know-your-customer” compliance issue. So reports BeInCrypto.

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eToro Finally Up and Running in America

After several months of planning, eToro, a social trading platform, launched its much-anticipated “cryptocurrency-to-cryptocurrency exchange desk” in America. So reports The Next Web.

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Orion and Chalice Team Up, Network Users Offered Discount

Orion Advisor Services, a back-office tech company, is teaming up with fintech Chalice Financial Network, giving the network’s users discounted platform access. So reports the City Wire.

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