The team looking to bring the Diem blockchain back to life raised $150 million in a Series A round.
The day after The Fed announced yet another (albeit smaller) rate hike, Arc launches a high yield account so startups can gain on idle cash.
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While VC funding is scarce, Arc is building on its alternative funding options, focused on early-stage startups looking to grow.
Companies that are slow to incorporate alternative data into their R&D, marketing, investment, risk analysis, and other key processes expose themselves to extreme opportunity loss at best and operational peril at worst.
Elizabeth Warren and Doug Jones are asking regulators to take a closer look at the tools that fintechs are using...
According to Christopher Ward, head of product management for PNC’s treasury management division, “We’re ready, we’re in process of implementing APIs with customers. I would proffer most customers are not ready for it.”; Bank of America also stated they are ready for open banking; however many banks aren’t as prepared and being ‘ready’ for open banking is up to interpretation; the article from Tearsheet shares other perspectives on open banking and how some banks might be missing the point of open banking. Source
There is no question that challenger banks like Revolut, Monzo and N26 have acquired massive amounts of customers; it leads...
The market is still working out what to charge to buy and sell digital assets today. The trend, however, is clear.
A recent article in Forbes shared a survey of US consumers that shed light on the traction of digital banks...
I was struck by a comment made by Chris Brendler, an analyst at D A Davidson, about FinTech Affirm (a US BNPL start-up): “These hybrid financial technology stocks trade like tech stocks, when they’re growing really fast and the financial side of their business doesn’t cause any problems but, if …...