A recent report from banking regulators says the digital assets pose too big a risk to the financial system to be issued by state-chartered entities that don’t have deposit insurance. Stablecoin issuers and others reject that claim and say regulators are discouraging competition.

PayPal (NASDAQ:PYPL) has announced its Q3 earnings results with an EPS beat of $1.11 (non-GAAP) and total payment volume of $310 billion and 416 million accounts. Net revenues were reported at $6.18 billion an increase of 13% versus year prior and net income arrived at

Ocrolus, a financial document automation provider, and end-to-end cloud-based lending platform Blend, announced a strategic partnership which will embed Human-in-the-Loop (HITL) document analysis into Blend's digital mortgage applications, according to a press release.

Monument Bank, a digital banking startup targeting affluent professionals, is cleared to launch in the UK following the Financial Conduct Authority removing regulatory restrictions from the neobank, according to a press release.

The bank is partnering with Anthemis to match investors with female entrepreneurs, who according to Findexable research attract just 1.5% of investment in the sector.

Overdraft fees are criticized as unfair penalties for lower-income customers, but they are often better for consumers than getting purchases rejected.

Curbing the need for a third-party processor helps money move faster, said the fintech's CTO, Trevor Marshall. "When I think of a checking account, I think of a parking lot," he said. "Current is about movement."

QED's first investment in the region was Nubank, a deal that is set to pay off handsomely.

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This week saw three fintech payments, debit, and credit firms post results: each saw momentous growth year over year but it was not enough to outpace expectations after a bull run of a year for fintech.