Silvergate, a US-based crypto bank that first partnered with the Facebook venture to create a stable coin last May, said in a release they paid $182 million for the operations infrastructure.
Greg Carmichael is the CEO of Fifth Third Bancorp; in this in-depth interview he shares his perspective on the intersection of regulation and innovation in banking, Fifth Third’s fintech strategy, their partnership with QED Investors and more. Source
Brazil based digital real estate startup Loft has raised a $175mn series C round to help make the process of...
PayPal has had a buy now pay later product since 2008 but the sector is having a moment during the...
The OCC is looking for feedback on whether to launch a program for banks and vendors to test new financial...
The FT is reporting that leading UK fintech bank Monzo is close to agreeing to a funding deal that will...
Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies...
I picked up an article talking about 16 Ways Banks Will Need To Change To Survive Advances In Fintech in Forbes. It’s a survey of an expert panel that cites that banks must do the following action points: Become Nimble And Decentralized Incentivize Culture Change Combine Security With Blockchain Technology Lean …
In an interview with CNBC last week, former PayPal COO and serial entrepreneur David Sacks talks about how cryptocurrencies are fulfilling the original PayPal vision; he explains: "A payment is just a credit to one account and a debit to another. That's a database entry. We believed that, if we could get enough people to participate, money would never need to leave the system. PayPal could become the database of money."; he talks about blockchain technology helping to build web 3.0 and a new wave of innovation; the interview also touched on how the current environment shows some of the same signs of the dot com era, the two ways digital assets are a threat to traditional venture capital and some of the biggest challenges that lie ahead. Source
In their fifth biweekly performance report dv01 analyzes the latest performance data for the online lending sector as well as...