Peter O’Higgins, who had been the CFO for Revolut since 2016, resigned last month from the fast growing fintech; this...
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Robo advisor Wealthfront has developed a solution that allows employees to trade accumulated shares of initial public offering stock through a platform called Selling Plan; targets employees of newly traded public companies and employees receiving stock options for compensation; employees can use Selling Plan for free to manage shares of their stock. Source
Robinhood’s Struggles Continue: Its Cofounders Are No Longer Billionaires, Shares Down 60% Since IPO
Robinhood shares have lost more than half their value since the company’s IPO last summer.
US fintech Square reported $16.4 billion in gross payment volume, a 32% gain from 2Q16, as the company attracted larger sellers and increased product usage through cross selling; revenue was $552 million, increasing 26% from 2Q16; earnings per share were $0.07, increasing from $0.02 in 2Q16; the firm's lending business, Square Capital, reported a 68% year over year increase in loan volume for the quarter. Source
Mastercard added nine open banking fintechs to the Engage partner network and seven new companies to the Start Pat startup incubator.
Wealth management has always been an industry focused on relationships and face to face interactions with clients; that traditional model...
Data breaches drive jump in UK financial fraud JP Morgan Head of eCommerce Sees Little Threat from “Payments Disruptors” If...
U.S. banking regulators on Thursday finalized a rule that directs banks to report any major cybersecurity incidents to the government within 36 hours of discovery.
The franchise will be in Seattle’s Central Region; Lendio franchises help businesses understand their financing options and apply for loans; Lendio currently has partnerships with more than 75 lenders across SBA loans, startup loans, equipment loans and commercial real estate; Lendio surpassed $300 million through the platform last year. Source