Since the onset of the pandemic banking customers have been forced to use digital tools more than ever before; new...
Fintech firm SoFi is working to acquire the naming rights for the new Los Angeles NFL Stadium worth almost $400mn;...
Yesterday the House approved a bipartisan bill that would loosen the requirements on the PPP loan program for small business;...
Venmo continues to pay dividends for PayPal with the p2p payments app growing payments volume by 56 percent in the...
Ebay dropped PayPal and turned to Adyen to be its primary processing partner; Banking Technology reports that eBay users “do not need to take any action at this time” as the “transition to full payments intermediation will be a multi-year journey”.; the deal will begin with a move in North America in the second half of 2018 before expanding in 2019. Source.
Andreessen Horowitz is looking to raise $450mn for their second cryptocurrency fund after raising $350mn for their first fund in...
Vise leverages AI to create portfolios for customers, focusing on stock picking instead of managed funds; this helps automate some...
The Senate Banking, Housing and Urban Affairs Committee held a virtual hearing yesterday on the digitization of money and payments;...
Mr. Clayton is chairman of the Securities and Exchange Commission and Mr. Giancarlo is chairman of the Commodity Futures Trading Commission; in a Wall Street Journal article they share their perspective on regulation as it relates to cryptocurrencies; they discuss trading, listed bitcoin futures products, ICOs and more. Source
MoneyLion's senior vice president of marketing and product Tim Hong talks about the firm's marketing efforts and customer focus; says the firm was founded on advancements in machine learning and artificial intelligence that help it to broaden credit access for customers; also reports that its balance sheet lending helps it to better align with customers; the firm provides a range of credit services for its customers that goes beyond loans; its offerings include credit monitoring services and programs that educate customers while also building a relationship with them that can facilitate credit issuance in the future. Source