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The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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RegTech Cube remains on rollup rampage (TWIF 5/19)

RegTech Cube remains on rollup rampage (TWIF 5/19)
Young Tiger

Hello Fintech Friends,

Please find another week of fintech exits and deep reads below. (👍👎 Have feedback for us? Let us know!)


📺
Sponsored Content

Congratulations to our friends over at Better Tomorrow Ventures — they just wrapped the second cohort of The Mint, their fintech-focused pre-seed program! Check out the 8 companies that went through the 10-week program here.

Their next cohort kicks off in August! Know of any remarkable fintech founders? Send their info to themint@btv.vc.

Want to apply to The Mint? Click here!

Want to sponsor a newsletter? See our sponsorship information here.


📖 Reads of the Week
A few reasons to be bullish on PayPal
If PayPal returns to double-digit growth, the stock will take off. This level of growth might come sooner than the market expects.
Navigating the Future of Open Banking: What Lies Ahead in 2024 and Beyond
The landscape of financial technology is continually evolving, with open banking at the forefront of revolutionizing how consumers and…
☯️ Exits
🤝 M&A - Fintech
  • UK regulatory technology provider Cube is currently on an acquisition spree. This week, the company announced that it will buy Thomson Reuters' Regulatory Intelligence and Oden products and businesses. This comes days after Cube took over New York-based Reg-Room, and follows its January acquisition of data capture firm The Hub.
  • TransNetwork, a B2B payments platform for instant money movement in the Americas, acquired Inswitch, a provider of embedded finance tech.
  • Synechron, a consulting firm focused on financial services, acquired iGreenData, a digital solutions company.
🏦 M&A - Bank and FinServ
  • Insurance giant Aflac is getting in on the private credit boom with its acquisition of a 40% stake in Tree Line Capital Partners for $100 million.
  • India's Shriram Finance will sell its stake in affordable housing finance unit Shriram Housing Finance to private equity firm Warburg Pincus for $555 million.
  • Troubled bank New York Community Bancorp will sell $5 billion of loans to megabank JP Morgan Chase.
  • Insurance provider AIG will sell a 20% stake in its life-and-retirement arm Corebridge Financial to Japan’s Nippon Life Insurance for $3.8 billion.
  • Spanish bank BBVA is moving ahead with hostile takeover bid to buy out rival Banco Sabadell, which last week rejected an offer for €12 billion.
  • Public relations firm Gregory FCA acquired BackBay Communications, a specialized financial strategic communications agency.
  • Mubadala Capital’s $3 billion bid to acquire Fortress Investment Group passed US foreign investment review.

📺
Sponsored Content

Congratulations to our friends over at Better Tomorrow Ventures — they just wrapped the second cohort of The Mint, their fintech-focused pre-seed program! Check out the 8 companies that went through the 10-week program here.

Their next cohort kicks off in August! Know of any remarkable fintech founders? Send their info to themint@btv.vc.

Want to apply to The Mint? Click here!

Want to sponsor a newsletter? See our sponsorship information here.


📚 Deeper Reads & Features

A Follow-Up on Forward Proxies: Takeaways from my conversations with Stripe, Very Good Security, and Basis Theory

The FDIC’s Campaign Against Fintech Companies

The biggest changes to cross-border payments are likely yet to come

The Role of Core Banking Services Providers in Facilitating Instant Payments

Killing It: The Story Behind the Synapse Story

FDIC Special Review Committee Releases Independent Report on Workplace Misconduct and Culture

1 big thing: Why FDIC's Gruenberg still has a job

Europe’s Banks Find Breaking Up With Russia Is Hard to Do

The Rise of the Finternet

Finfluencers charged for promoting unauthorized trading scheme

10 Top AI Banking Products

The hunt for the missing Greensill billions

Column Tax can help you do your taxes in as little as six minutes

US banks are failing to meet the demand for instant payments

Traders Fleeing ‘Micro Bubbles’ Yank Billions From Thematic ETFs

Super Apps, Embedded Finance, And the Future of Payments

How Coinbase is seeking to ease crypto’s credit crunch

Central banks prepare for the rise of AI

How Lead Bank’s co-founder transformed a century-old community bank into an innovative fintech company

Federal Reserve Board releases summary of the exploratory pilot Climate Scenario Analysis (CSA) exercise that it conducted with six of the nation’s largest banks

Iowa woman fighting town to keep her emotional support goose


Have a news item for us? Reach out to news@thisweekinfintech.com