On Wednesday the House passed a package of bills called the Comprehensive CREDIT Act which would change the credit reporting...
The blockchain startup has now raised a total of $110mn after taking in $40mn in a series B round; Jefferson River Capital led the funding round, which also included new and previous investors; in addition to the fundraising they hired Clyde Rodriguez, a former Microsoft executive, as chief information officer and chief technology officer for engineering. Source.
Kabbage will now power Alibaba’s Pay Later program which is offered to US buyers; Pay Later allows small businesses to...
I’m not sure if anyone noticed but yesterday was the day that Europe voted not to ban bitcoin. It’s been bubbling for a while, as the EU developed a new Markets in Crypto Assets (MiCA) framework to protect EU citizens who invest in such assets. In many ways, it’s a …
Four years ago, I was using this slide in my presentations. As I blogged at the time: “Those who recognise that banks are doing 1000 things average, will naturally come together to do 1000 things brilliantly.” The idea was that FinTech start-ups would start to align with each other to …
Here are the most read news stories from our daily newsletter today: OCC chief expects SWIFT-like bank-to-blockchain connections in 3...
Citi’s mobile app users grew by 21 percent the past year to reach 9 million users; this adoption is a lot slower than peers at Chase, Bank of America and Wells Fargo who see mobile app users over 20 million; Citi’s growth for the past year is higher and their adoption is beginning to increase; Citi was slower to the game of adopting the new digital features but has since started to catch up by launching Citi FinTech; the new unit has helped the company to launch over 800 digital increases in the past year, a 300 percent increase; the company is planning to keep investing heavily in fintech and is optimistic about their future adoption trends. Source.
The latest fintech IPO is likely to be GreenSky which focuses on point of sale finance. Source
Credit Suisse and Instinet have recently started to settle US stock trades on a distributed ledger from Paxos Trust; this...
Two venture capital funds rose out of the primordial Substack ooze last week, both founded by voices from the fintech industry.