The U.K. central bank on Tuesday said it was advancing its exploration of central bank digital currencies, or CBDCs, to a consultation stage that’s due to take place next year.
Shares of fintech companies Affirm and SoFi soared Thursday after both companies posted their latest quarterly numbers
The bank also aims to put $50 billion by 2030 toward financing customers and projects that have a positive environmental impact. It said it is establishing a framework to more clearly track that figure.
In a letter to the agency’s new director, top Senate Democrats recommended policy steps intended to limit mistakes in consumers’ credit files that they said “can ruin lives.”
It’s mobile-centric, meaning they see credit cards living on mobile devices as pieces of code that can be delivered quickly to their customers. It operates from the cloud, allowing for scalability and removing the need for building new databases or buying new servers or hardware.
Credit card-led fintech Stori announced Thursday its had closed a $125 million over-subscribed Series C round co-led by GGV Capital and growth-stage
Fintech savings app Digit will launch a neobank product in early December, offering a full-fledged banking app and paid subscription service to access saving products.
The platform is aimed at first-time investors; among the cryptocurrencies already available are Bitcoin, Ethereum, and BRZ
Volt has expanded operations to Brazil to make way for real-time payments, currency export and foreign exchange to the Central Bank of Brazil.
Listen now (29 min) | Brynne McNulty Rojas, Co-Founder and CEO of Habi, a PropTech company revolutionizing the real estate market in Latin America and streamlining the traditionally opaque home buying process in the region