Personal finance and lending fintech SoFi obtained a green light from Office of the Comptroller of the Currency (OCC) for its bank charter application three months after applying.
Read MoreFresh off a $3.8M seed funding round, Austin-based insurtech Steadily launched to help landlords insure their occupied properties.
Read MoreVisa’s $5.3B acquisition of Plaid is facing scrutiny from the U.S. Department of Justice (DOJ), which filed a petition with a court demanding answers to a series of questions. The DOJ will assess whether the acquisition violates antitrust law.
Read MoreThe banking-as-a-service ecosystem got a big boost this week through the release of APIs that allow clients’ programmers to build on top of the bank’s platform.
Read MoreBrex, a Silicon Valley-based card and financial product company that serves businesses, is rolling out a new function whereby e-commerce merchants will be able to get paid immediately.
Read MoreJPM Coin, the digital currency developed by JPMorgan Chase, is being used commercially by a “large technology client” engaged in cross-border payments, CNBC reported.
Read MoreChinese financial firm Ant Group, which oversees mobile payment platform Alipay is on pace to raise more than $34B in an IPO, when its shares begin trading in Hong Kong and Shanghai.
Read MoreMicro-investing app Acorns, which also offers personal finance and banking capabilities, is teaming up with ZipRecruiter in an effort to expand its footprint and deliver more value to its client base.
Read MoreUBS Workplace Wealth Solutions, a unit within the financial firm that offers wealth and retirement solutions for workplace clients, is partnering with New York-based fintech FutureFuel.io to offer users a range of student loan repayment options, including reassessments, refinancing, roundups, “Give Back” (repayment through cash-back rewards), and other solutions.
Read MoreAlan, a 4-year-old Paris-based insurtech focused on healthcare, has rolled out a new feature that allows customers to take part in instant-message chats with doctors.
Read MoreJPMorgan Chase has launched a smartphone card payment reader called QuickAccept, along with free instant transfers to merchant accounts.
Read MoreThe New York State Department of Financial Services (DFS) has granted PayPal a conditional Bitlicense to partner with New York State-chartered Paxos Trust Company to allow its customers to buy and sell cryptocurrencies.
Read MoreFidelity-owned financial planning tech firm eMoney Advisor has rolled out a new financial planning and wellness app called Incentive. The platform is made for financial advisers who will use the tool to help their clients.
Read MoreThe Federal Deposit Insurance Corporation reported that in 2019, 5.4% of American households were unbanked, the lowest rate since 2009.
Read MoreGlobal investment management company T. Rowe Price has appointed Raymone Jackson as head of diversity and inclusion.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
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