The Week in Review

The Week in Review

Friday June 8, 2018 –

Here are the new and noteworthy stories we have been following this week.

Nordic payments firm Nets agrees merger with German rival

Nets and Concordis to merge as the European payments industry continues to consolidate.

Ripple and Swift slug it out over cross-border payments

More than 100 banks have signed up with Ripple for cross-border payments.

Dutch payments firm Adyen valued at up to $8.3 bln in IPO

Adyen targeting a $1 billion IPO at a $8.3 billion valuation.

Payment Platform Marqeta Raises $45 Million From Goldman, Iconiq

Marqeta raises $45 million from Goldman Sachs and Iconiq.

SEC Appoints New Crypto Chief to Oversee Digital Assets and ICOs

The SEC appointed Valerie Szczepanik as its associate director of the Division of Corporation Finance and the senior adviser for digital assets and innovation.

Consumer Credit Growth Slowed in April

Consumer credit increased at a seasonally adjusted annual rate of 2.9% in April to $3.88 trillion.

Mastercard Wins Patent for Blockchain Travel Itinerary Bidding System

Mastercard has won a patent for a blockchain system that allows travelers to submit desired itineraries and merchants to submit bids for each service request.

Flexiti acquires TD Financing card portfolio

Flexiti announced the acquisition of TD Financing Services’ (TDFS) Canadian private label credit card portfolio valued at approximately $250 million.

Goldman Sachs rolls out cyber war games suite

Goldman Sachs is to provide its 8000+ developer community with a gamified cybersecurity training programme addressing attacker psychology, digital countermeasures and breach response.

For fintech to walk beside AI, ask the stupid questions

Artificial intelligence works best when it augments rather than replaces humans.