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Walmart issued a late day press release on Monday, 1/11/21, in tandem with Ribbit Capital, that the two firms were announcing the creation - or should I say co-creation - of a new fintech start up. The new firm, which is yet unnamed (the fintech formerly known as symbol?), will be "designed to develop and offer modern, innovative and affordable financial solutions", according to the announcement.

The COVID-19 pandemic has certainly upended the financial services industry (FSI), but the overall impact it has had around the globe – on people, businesses, and the economy – is massive. The FSI has remained strong through 2020, but has readied itself for what is next. Digital transformations that were already in process have been sped up, and resiliency has been a key factor in companies that are surviving and thriving.

TaxBit, which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, is excited to announce new investments from PayPal Ventures, Coinbase Ventures, and existing investor, Winklevoss Capital. These new investments from major fintech companies reinforce the importance of tailored software solutions, like TaxBit, in driving widespread cryptocurrency adoption.

FINTOP Capital, a venture capital firm focused on B2B SaaS (software as a service) companies in the Financial Technology (FinTech) space, announced today that it has exited its investment in Kindful, a nonprofit software platform known for its best-in-class third party application integrations and online fundraising tools. Financial terms of the transaction were not disclosed.

Coro Global Inc. (OTCQB: CGLO), the fintech company behind the new payment app where gold can be used as money, announced today that it had appointed David Dorr as Director, President, and Chief Executive Officer of the Company.

Fintech venture deals surged in the first and second weeks of January, with several mega-deals occurring in the US offshore. India, Germany and the Philippines each saw deals closing in excess of $100M USD within the fintech sector and two US deals rounded out the top 5 for this past week.

London-based Computerweekly.com is reporting that fintech- and payment-sector related jobs bounced back significantly after a brief drop-off after the initial Covid 19 lockdowns.

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AlphaTrAI, Inc. a venture-backed, technology-driven asset management firm, today announced the publication of its first white paper, titled “Portfolio Construction Based on the Management of Tail Risk.”

MX, the leader in open finance and creator of the Money Experience category, today announced an integration partnership with Hydrogen to empower financial technology developers to build sophisticated fintech applications in minutes.