How Do Financial Institutions Stay Competitive in a Digital World?

Doug Wilber | |

Traditional banks can highlight their human advantage by putting advisors and loan officers at the center of their social media strategies.

Cross Border Money Transfer Company Remitly Seeks $7 Billion IPO Valuation

Kimberly Redmond | |

Money remittance company Remitly Global Inc is seeking a valuation of nearly $7 billion in its US initial public offering (IPO).

In a filing Tuesday with the US Securities and Exchange Commission (SEC), the fintech said it plans to offer 7 million shares at a price range of $38 to $42 per share, with certain existing shareholders selling about 5.2 million shares.

Warren Buffett-Backed Nubank To Seek $55 Billion IPO Valuation

Reuters | |

Brazil's Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the $55.4 billion value of the country's top traditional lender, two sources familiar with the matter said.

In a recent funding round led by Warren Buffett's Berkshire Hathaway Inc, Nubank was valued at $30 billion. With 40 million clients in Latin America, Nubank is the latest of several fast-growing financial services companies - often serving customers overlooked by banks - grabbing investors' attention.

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