Millions of people have lost their jobs in the past two weeks which is having a tremendous impact on our...
The Office of the Comptroller of the Currency (OCC) has published details on its fintech charter in a 16-page supplement to its existing OCC licensing manual; the fintech charter supplement addresses capital requirements, liquidity, financial inclusion plans, consumer protection and the application process; Lend Academy provides an analysis in their article; the release of the fintech charter will now be followed by an open comment period which ends on April 14; also noteworthy is that Thomas Curry's term as comptroller ends on April 9 however he can serve until a replacement is confirmed. Source
Brothers Patrick and John Collison have revolutionized how payments are transacted on the internet through their startup Stripe; source provides details on their backgrounds and the development of the business; reports on how the company has grown to provide services for more than 100,000 businesses and their new partnership with Amazon. Source
Paycheck advance apps like Even.com, PayActiv, EarnIn, DailyPay and FlexWage are helping to provide employees access to their earned income so...
Marketplace lender, Peerform, has been acquired by Versara Lending; Versara is a New York City-based consumer lender seeking to expand its lending business in consumer loans; Peerform will enhance the lending capabilities for Versara and Peerform Founder Mikael Rapaport will join Versara Lending as a senior vice president. Source
According to HousingWire Amazon is exploring the mortgage lending business and is actively hiring in the new division; the company is already rumored to be looking into offering a checking product. Source
While speaking at the Milken Institute Global Conference many of Wall Street’s top CEOs said their biggest worry is a...
Coinbase has raised $100 million in a Series D funding round led by IVP; firm has exchanged over $25 billion of digital currency and plans to use the funding for expanding its business operations; the company currently has three main products: Coinbase for retail digital currency trading, GDAX for institutional and professional digital currency trading, and Toshi a browser for the Ethereum network. Source
Visa has started to look beyond their core offering for additional revenue opportunities as the payments market heats up; “The...
Yesterday BBVA launched their new mobile app, called Mobile 9.0; the multinational bank localized the app for each country and...