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.
- 6th Avenue Capital secures $60M from Merchant Cash Advance Funding
- CEO switch for online lender Patch of Land
- A new fund uses A.I. to invest in consumer and retail products with the best chance of success (CircleUp)
- Lendio Provides More Than $25,000 in Loans to Over 1,200 Small Business Owners Through Lendio Gives on Kiva
- Mintos Scraps Secondary Market Fees
- Amazon just bought three domain names related to cryptocurrency
- Alex Tapscott's Crypto VC Firm Going Public With $100M CAD Falsely Touted 4 Blockchain Stars As Advisors
- Foundation Capital Leads CoverWallet Series B Financing. Welcome and Congrats!
- One of the Most High-Profile Initial Coin Offerings Has Crashed 50%
- Another Chinese P2P lender! Senmiao Technology files for a $20 million IPO
- Small Business Borrower Sues Kabbage
- Citigroup Bets Millions on U.K. Mortgage Lender (LendInvest)
Results from MoneyLion's first Personal Financial Wellness Study confirm the growing influence of digital sources in our financial lives, but the steep drop-off of knowledge among millennials and Gen Z consumers.
The rapidly changing landscape of finance has translated to an excessive amount of pressure being placed on financial directors and their departments.
TrustPilot, a Denmark multi-language online merchant review platform, has raised 5.5 million British pounds ($6.9 million); platform allows for communication between merchants and consumers; funding was provided by Draper Esprit which now doubles its equity stake in the company to 11 million British pounds ($13.71 million). Source
LoanStreet’s New Commercial Lending Solution Combines Automation and Networking for Financial Institutions CrowdOut Capital Launches Dallas Office with Key Hire...
Circle Internet Financial, announced today that it has terminated its existing business combination and agreed
Head of Technology for Citigroup’s global consumer bank, Gavin Michael, spoke at an industry event about the two driving themes...
Blockchain ETFs have received a lot of interest over the last two weeks and have raised almost $260 million; however, Bloomberg explores that the makeup of these ETFs contain many household names such as Cisco, Intel, Nvidia and IBM; thus, investors may be paying a high price to invest in stocks they could easily purchase themselves. Source
Zelle, the banking p2p payments app, saw an 84 percent jump in year over year growth with Bank of America; the app saw over 68 million transactions in 2017 through their Bank of America partnership; Zelle recently started a marketing campaign to provide more exposure to the brand as many users might not realize they are using Zelle since it is integrated with their banking app. Source.