On March 28, credit startup Bilt Rewards launched for the general public, bringing their "Earn points on Rent" solution to the mainstream.
There is a growing group of fintechs who have designed their products specifically for Gen Z, who are defined as...
Varo Money CEO Colin Walsh : We Designed Varo to be Your Primary Bank Account Square acquires European peer-to-peer payment...
This week, I pause to reflect on the sales of (1) AdvisorEngine to Franklin Templeton and (2) the technology of Motif Investing to Schwab. Is all enterprise wealth tech destined to be acquired by financial incumbents? Has the roboadvisor innovation vector run dry? Not at all, I think. If anything, we are just getting started. Decentralized finance innovators like Zapper, Balancer, TokenSets, and PieDAO are re-imagining what wealth management looks like on Ethereum infrastructure. Their speed of iteration and deployment is both faster and cheaper, and I am more excited for the future of digital investing than ever before.
The Federal Reserve is making changes to the asset cap on Wells Fargo in order to get more money into...
We focus on the law of unintended consequences, and how making rules often creates the opposite outcome from the desired results. The analysis starts with the Cobra effect, and then extends to a discussion of the Wells Fargo account scandal, dYdX trading farming, Divergence Ventures executing Sybil attacks, and Federal Reserve insider trading. We touch on the concepts of credit underwriting and token economies, and leave the reader with a question about rules vs. principles.
Banks say they reject racism and explain how employees are required to complete annual diversity training programs; there are endless...
Saul Van Beurden, Head of Technology at Wells Fargo, sat down with American Banker to talk about the bank’s response...
Wells Fargo shared that they set aside $4 billion in loan-loss provisions in Q1 2020, a number five times that...
Wells Fargo currently has capacity to lend $10 billion to small businesses under the $349 billion government program; not surprisingly,...