State regulators are planning to offer a licensing process for money-service businesses which will include fintech firms; this will allow business to operate across multiple states; the initial pilot will be offered in seven states; Charlie Clark, agency deputy director and director of consumer services at the Washington Department of Financial Institutions stated, “This is something that we can do to create licensing efficiencies with these companies, hopefully help get them off the ground and it doesn’t sacrifice consumer protection.” Source
The coronavirus continues to wreak havoc on all areas of the economy; musicians that have relied on live performances for...
MX is a data company which cleans, categorizes, stores and analyzes data to help banks be advocates for their customers;...
Peter Renton, Founder of Lend Academy and Co-Founder of LendIt Fintech provides his quarterly update on his marketplace lending investments;...
Every quarter, LendIt co-founder Peter Renton shares his marketplace lending returns; in this blog post he shares his Q4 2019...
Last week we reported that N26 crossed 5 million customers but we didn’t have insight into how their US business...
N26 Founder and CEO Valentin Stalf told the Money 20/20 audience they plan to launch in the US by mid 2018; “We’ve looked at the products in the U.S. and we figured out that most of the banking products in the U.S. are even worse than in Europe,” Stalk told TechCrunch; their plans are to launch a debit card with a checking account and use a bank partner, similar to what they have done in Europe. Source.
European based digital bank N26 has raised a new series D round of $300mn at a valuation of $2.7bn; Insight...
N26 has raised another $100 million which is an extension of their Series D round announced last year; the round...
The New York Interactive Advertising Exchange has partnered with Nasdaq to create NYIAX, a blockchain trading platform for digital advertising contracts; Nasdaq has supported the system with its trading and blockchain technology; through the system publishers and advertisers can buy, sell and re-trade digital advertising as guaranteed contracts; NYIAX says it also plans to expand trading to other advertising markets including TV, print and radio. Source