Intrinio CEO Rachel Carpenter said the mission of her company is to make raw data fields available; they recently partnered with Nasdaq to include their real-time data feeds within the marketplace; they offer over 150 different data APIs and have built the company to bring Warren Buffet’s investment ideas to life in software; individuals can access the data for $75 a month and companies pay a custom rate. Source.

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Fintech

·Nov. 3, 2021

FDIC launches office to promote minority banking efforts

The establishment of the Office of Minority and Community Development Banking comes less than two months after the agency created an investment fund to match private investors with minority-owned banks and community development financial institutions.

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Fintech

·Nov. 9, 2021

What’s overlooked in the movement against overdraft fees

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

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Fintech

·Feb. 22, 2022

Circle delays SPAC merger, doubles valuation to $9B

The firm behind USD Coin has renegotiated its transaction terms with Concord Acquisition, pushing back the termination date to as late as Jan. 31, 2023.

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Asia/Pac Fintech News Roundup

·Aug. 7, 2017

China Disrupted – How Fintech is Changing the Way That 1.5 Billion People Bank

At LendIt USA 2017, Lang Di CEO Gabriel Hai hosted a panel themed how fintechs are changing the way that Chinese people bank; one approach is to use big data technology to reach the individual credit market; panelists agree that China's fintech platforms are more willing to cooperate with traditional banks, as the banks have a more friendly regulatory environment and sufficient cheap money, whilst platforms are at advantages of bringing new technologies to the cooperation; however, Zhou Xinming, CEO of Hexindai, pointed out that China's fintech companies' customer base is more of individual investors rather than institutional investors, and the former are still not financially sophisticated. Source

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Fintech USA

·Jun. 17, 2020

Banks Have Ability to Reset Customer Relationships Long Term

Banks have become even more important in the pandemic with most institutions helping customers on loan forbearance, capital needs and...

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Europe Fintech News Roundup

·Apr. 4, 2018

Revolut Launches Their Open API

Revolut has launched their open API for customers and they have increased their Revolut for Business service; Banking Technology reports that the company said “account owners can generate sandbox and production keys, and set whitelisted IPs as an “extra layer of security”; accounts allow users to send, hold and exchange up to 25 different currencies. Source.

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