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Fintech
·Oct. 22, 2021

BlockFi Page Explains Regulatory Stance on Interest Bearing Crypto Accounts

This week the New York Attorney General announced that it has demanded two crypto firms halt their lending programs. Additionally, the AG said it had commenced an investigation into three other firms. All of this was predicated on the statement that interest generated from crypto
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Fintech
·Oct. 22, 2021

Rating Agency Weighs BNPL Versus Credit Cards, With Surprising Results

Revenue potential and competitive pressure beckon to card issuers, but Fitch Ratings warns of credit risks in this trendy product.
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Fintech
·Oct. 22, 2021

Tech billionaire Peter Thiel says he ‘underinvested’ in bitcoin

Peter Thiel, the co-founder of PayPal and Palantir, has said he feels like he’s underinvested in bitcoin as the world’s most popular cryptocurrency climbed to an all time high of just over $66,000 per coin.
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Fintech
·Oct. 22, 2021

U.S. consumer watchdog orders tech giants to turn over information on payment data

The U.S. consumer watchdog said on Thursday it has demanded information from tech giants Amazon, Apple, Facebook, Google, PayPal and Square on how they gather and use consumer payment data, in a broad effort to protect consumers from privacy breaches, fraud and anticompetitive behavior.
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Fintech
·Oct. 22, 2021

Brex just signed a term sheet for $300M at a $12.3B valuation –

Fast-growing fintech Brex has raised $300 million in funding that propels it to decacorn status, just six months after it was valued at $7.4 billion, according to people familiar with the deal. The sources, who wished to remain anonymous since the deal is not yet public (although a term sheet has been signed), said corporate...
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Fintech
·Oct. 22, 2021

Crypto exchange FTX raises $420 million from 69 investors, in meme funding round

Cryptocurrency exchange FTX says it has raised $420 million in a new round of funding, valuing the company at $25 billion.
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Screen grab from Plaid
Payments
·Oct. 22, 2021

Plaid targets payments: Look out traditional credit

Instead of joining a major payments provider, Plaid aims to disrupt the Visa, Mastercard, and Amex payment empire. Partners like Square, Dwolla, and new arrivals to the Plaid ecosystem Checkout.com and Marqeta are members of the new program, building payment capabilities for the new age of fintech. 

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Fintech
·Oct. 25, 2021

Tokenized Stock Arbitrage Report: Edition 1

Most of you are at least somewhat familiar with security tokens, or digitized assets in equity, fixed income, real estate, investment fund shares, commodities, and structured products traded and held…
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Fintech
·Oct. 25, 2021

Our survey says… biometrics are the future

Okta and Onfido surveyed 5,000 customers across the US, UK, France, Germany and the Netherlands and found that biometrics are increasingly meeting customers’ expectations. Read our blog to see why.
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Fintech
·Oct. 25, 2021

Why every company won’t be a fintech company

Most companies just don’t want to become fintech companies, writes Vicki Gladstone, CEO and COO, Moorwand.
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