JPMorgan Chase to acquire startup OpenInvest to enhance ESG capabilities

JPMorgan Chase to acquire startup OpenInvest to enhance ESG capabilities

In its third fintech acquisition of the year, JPMorgan Chase announced plans to acquire OpenInvest, an Andreessen Horowitz-backed startup founded by former Bridgewater Associates employees.

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Integrated ecommerce platform VEEPIO to transform how athletes monetize their personal brands

Integrated ecommerce platform VEEPIO to transform how athletes monetize their personal brands

VEEPIO, a startup backed by Philadelphia Eagles owner Jeffrey Lurie and founded by Najee Goode, a former NFL linebacker and Super Bowl champion, and two other former WVU football players, aims to use technology to change how athletes can earn money from their names, images, and likenesses.

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UK Financial Conduct Authority imposes ban on Binance Markets

UK Financial Conduct Authority imposes ban on Binance Markets

This past weekend, the U.K. Financial Conduct Authority (FCA) said Binance Markets Limited, the U.K. division of cryptocurrency exchange Binance, was “not permitted to undertake any regulated activity in the U.K.”

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Walmart moves deeper into neobank space with demand deposit account capabilities

Walmart moves deeper into neobank space with demand deposit account capabilities

Walmart, which offers a debit card issued by Green Dot Bank named Walmart MoneyCard, is adding demand deposit account (DDA) capabilities, transforming the Walmart MoneyCard from a prepaid card to a full-suite checking account.

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Survey Says! 3 Important benefits of free data for early-stage fintechs

Survey Says! 3 Important benefits of free data for early-stage fintechs

A 2018 by Medici report provides anecdotal evidence of a 10% survival rate for bootstrapped fintech startups.

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NFTs bring tangibility to digital artifacts via blockchain

NFTs bring tangibility to digital artifacts via blockchain

A flurry of recent purchase and sale activity in non-fungible tokens (NFTs) – a special type of digital asset on a blockchain that’s unique and non-interchangeable – is popularizing use cases for blockchain.

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Verizon moves into banking with Gen Z-focused Family Money app

Verizon moves into banking with Gen Z-focused Family Money app

Wireless provider Verizon this month rolled out an app to allow children to try out banking and personal finance management – with the oversight of their parents.

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Visa to buy Swedish open banking startup Tink for $2B

Visa to buy Swedish open banking startup Tink for $2B

Five months after U.S. regulators scuttled Visa’s Plaid acquisition, the payments giant announced it’s planning to acquire open banking startup Tink, which was established in 2012.

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With Affordable Care Act firmly in place, point-of-sale lenders fill a gap on health care purchases

With Affordable Care Act firmly in place, point-of-sale lenders fill a gap on health care purchases

On the heels of the Supreme Court decision to uphold the Affordable Care Act, point-of-sale (POS) lenders see opportunities to meet the credit needs of consumers struggling to meet out-of-pocket costs.

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Investing app Stash expands education push with PayGrade acquisition

Investing app Stash expands education push with PayGrade acquisition

Stash, a digital investing app that’s expanded to a full complement of financial product offerings including banking and financial wellness and savings tools, has acquired PayGrade, a financial literacy platform aimed at school-age kids.

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Fifth Third Bank to acquire Provide, a fintech focused on health care practices

Fifth Third Bank to acquire Provide, a fintech focused on health care practices

Cincinnati-based Fifth Third Bank will acquire Provide, an 8-year-old startup that focuses on building financial products that make starting and running a healthcare practice easy, including practice lending, business bank accounts, and insurance. Terms of the deal were not disclosed.

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Fintech Bilt’s credit card rewards renters with points toward a mortgage

Fintech Bilt’s credit card rewards renters with points toward a mortgage

Bilt, a New York-based startup, has teamed up with property managers including Blackstone, Starwood, and Equity Residential, to launch a fee-free credit card that allows customers to earn rewards from rent payments that go toward mortgage payments.

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PayPal is tinkering with transaction fees to strengthen its competitive position

PayPal is tinkering with transaction fees to strengthen its competitive position

Starting in August, PayPal says it plans to hike transaction fees to 3.49% plus 49 cents for merchants that use its proprietary services, which include PayPal Checkout, Pay with Venmo, PayPal Credit, Pay in 4, PayPal Pay with Rewards, and Checkout with Crypto.

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Revolut sees pandemic boost as PayPal tweaks fees

Revolut sees pandemic boost as PayPal tweaks fees

Revolut, a digital banking platform that operates in more than 30 European countries, Australia, Singapore, Switzerland, Japan, and the U.S., reported a £168M ($234M) loss for 2020, up 57% year-over-year, but Revolut’s adjusted annual revenues (which take into account crypto) were also up 57% at £261M ($364M).

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Iron titanium token falls to near zero amid panic-induced selling

Iron titanium token falls to near zero amid panic-induced selling

The value of the iron titanium token, the share token of a decentralized finance protocol, fell from $60 to near zero in a day. The token was part of an algorithmic stablecoin project called Iron Finance.

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