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Every year Forbes gives us insight into fintech companies with their Fintech 50 list; 2019 was a huge year for...
As NFTs grow in popularity, scammers are now targetiing the market. Two weeks ago, scammers stole $1.13 million from investors. The insurance industry has reacted with new policies for protecting NFTS.
BOA filed a lengthy regulatory filing this week; in it they mention the risks of cryptocurrencies to their business; the bank wrote: “The widespread adoption of new technologies, including internet services, cryptocurrencies and payment systems, could require substantial expenditures to modify or adapt our existing products and services as we grow and develop our internet banking and mobile banking channel strategies in addition to remote connectivity solutions.”; they also discussed the regulatory consequences of cryptocurrencies which could limit the ability for the bank to track movement of funds. Source
Tiger Global is having a year. Losses of about $17 billion represent one of the biggest dollar declines for a hedge fund in history.

CB Insights details wealthtech exits from 2012 reporting a total of 29 exits with 28 mergers or acquisitions and one IPO from Yodlee; during the sample timeframe, TradeKing was active in the wealthtech market acquiring Zecco, GAIN Capital Securities, TraderOS and MB Trading before being acquired by Ally Financial; also active in wealthtech deals has been Envestnet who has acquired Yodlee, Wheelhouse Analytics, Finance Logix and Upside. Source
UK based digital bank Monese is in talks to raise more than $130mn which will bring the valuation to more...
Tariff headwinds are causing a headache for many businesses with sprawling supply chains and large importers, yet small businesses continue...
WeLab Bank launches in Hong Kong JetClosing Raises $9M in Series B Funding How Payments Fintech Is Using Banking As...
FinLab aims to help fintech startups that are helping American consumers; it is funded through a five-year grant from JPMorgan; in total 26 companies have worked or are working with Finlab; TechCrunch profiles how the innovation lab works which includes programs to help startups understand how the banking industry works and meetings in Washington with regulators. Source




