Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Top 10 Fintech News Stories for the Week Ending June 5, 2021
ShareTweet
Home
News Roundup
Top 10 Fintech News Stories for the Week Ending June 5, 2021

Top 10 Fintech News Stories for the Week Ending June 5, 2021

Peter Renton·
News Roundup
·Jun. 5, 2021·2 min read

An interesting mix of news this week as we have many developments on the digital currency front, we have DeFi news in the mainstream media, overdraft fees are being abandoned, and of course, we have IPO news and fundraises. Here are what I consider to be the top 10 most important fintech news stories of the past week.

Second Circuit overturns challenge to OCC fintech charter from Banking Dive – Three judges on the Second Circuit reversed the 2019 decision that said the OCC lacked authority to offer the fintech charter. It might be a moot point now as so many fintechs are going the full bank charter route but it is a victory nonetheless.

DeFi Is Helping to Fuel the Crypto Market Boom—and Its Recent Volatility from The Wall Street Journal – The DeFi world is booming but it is also contributing to increases in volatility, because when prices tumble many positions are automatically liquidated causing more downward pressure on prices.

Why more banks are weaning themselves off overdraft fees from American Banker – The overdraft fee has been a pet peeve of mine for a long time and you can see the impact that the digital banks are having as more traditional banks are foregoing this punitive measure. Ally Bank is the latest to end overdraft fees.

SoFi Starts Trading on Nasdaq as a Public Company from LendIt Fintech News – SoFi started trading on Tuesday on Nasdaq as the SPAC deal was consummated.

Visa And The Cryptocurrency Opportunity: Inside The Card Network’s Digital Currency Plans from Forbes – Few companies have more to lose than Visa if the world moves to digital currencies so they are aggressively pursuing a strategy with five different initiatives.

Uruguay’s DLocal Jumps Almost 54% After $617.4 Million IPO from Bloomberg – The only IPO of the week saw Uruguayan fintech DLocal have a successful IPO raising $617 million and with a valuation after its opening day jump of $10.4 billion.

Alternative investments platform Yieldstreet raises $100 million amid pandemic growth from CNBC – The alternative investment platform for individual investors, Yieldstreet, closed a $100 million Series C and is on track to hit $100 million in revenue in 2021 as they passed 300,000 members.

Institutional Ethereum (ETH) backed Loans to be Offered by Anchorage Digital via BankProv Partnership from Crowdfund Insider – Digital bank Anchorage is partnering with BankProv (formerly The Provident Bank – a 200 year old institution) to offer loans backed by Ethereum to institutions.

In The War Between Square, PayPal And Shopify, Banks Are Collateral Damage from Forbes – It is a good time to be a small business owner as the big tech companies are falling over themselves to provide a complete suite of financial services…but Ron Shevlin asks where does this leave banks?

A world tour of digital currency projects from American Banker – This is a great synopsis of the digital currency projects that are in various stages of development around the world.

  • Peter Renton
    Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

    View all posts
Related
cfpb

Fintech News Roundup for the Week Ending November 10, 2023

Fintech News Roundup for the Week Ending November 3, 2023

federal reserve

Fintech News Roundup for the Week Ending October 27, 2023

cfpb

Fintech News Roundup for the Week Ending October 20, 2023

Popular Posts

Today:

  • Fintech NexusErebor’s Gambit: Silicon Valley’s Defense Titans Target Banking Charter Jul. 9, 2025
  • WayfoundThe AI Agent Wild West Jul. 9, 2025
  • TechNexus The AI IssueAI’s Existential Opportunity Jul. 9, 2025
  • Jon StonaTips from Airwallex x McLaren on Making the Best of a Fintech Sponsorship  Jun. 18, 2025
  • Paraform Founders, Jeffrey Li and John KimFunded: Paraform raises $20M to put top recruiters, not AI, in the driver’s seat Jun. 27, 2025
  • GreenliteAI-Alex-WillGreenlite AI is on a mission to revolutionize banking compliance Jun. 10, 2025
  • KanyiThe World According to Kanyi Maqubela Jul. 8, 2025
  • Stylizedhouse-with-EKGFintech x the One Big Beautiful Bill Jun. 26, 2025
  • Globe-money-symbolsOPINION: Why Brazil and India are leading the global digital shift through payment innovation Jun. 24, 2025
  • Email-AI-pieceAvatar CEOs Have Entered the Meeting Jun. 18, 2025

This month:

  • GreenliteAI-Alex-WillGreenlite AI is on a mission to revolutionize banking compliance Jun. 10, 2025
  • Current stablecoin adoptionWhy Banks (and Fintechs) Need to Embrace Stablecoins Today Jun. 12, 2025
  • Jon StonaTips from Airwallex x McLaren on Making the Best of a Fintech Sponsorship  Jun. 18, 2025
  • ai-work-nexusWalkMe Vets Declare War on SaaS Bloat with $10M Seed for Autonomous Agents Jun. 10, 2025
  • Ironclad State of AI ReportThe Economics of AI Trust Jun. 11, 2025
  • WP UmbrellaTo Bank or Not to Bank: The ILC Question Jun. 5, 2025
  • Email-AI-pieceAvatar CEOs Have Entered the Meeting Jun. 18, 2025
  • KanyiThe World According to Kanyi Maqubela Jul. 8, 2025
  • Revised-AI-InvoiceAI Faces Skepticism. Startups Say: OK, Pay When it Works Jun. 25, 2025
  • Globe-money-symbolsOPINION: Why Brazil and India are leading the global digital shift through payment innovation Jun. 24, 2025

  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results