Sequoia Capital, a well-known venture capital investor in technology, has announced executive changes that will empower a new generation of leaders for the firm; in an announcement this week Jim Goetz has named Roelof Botha as his replacement; Roelof Botha will take over Goetz's responsibilities as a Sequoia steward; Alfred Lin will also be replacing Goetz in his role managing Sequoia's United States venture business; Mr. Goetz also provided a letter to investors this week providing more insight on the changes. Source
Thomas Curry spoke on the Office of the Comptroller of the Currency's fintech charter at LendIt USA; Curry primarily refuted arguments against the OCC's authority for establishing a fintech charter; Curry sited the National Bank Act stating, "To be clear, the National Bank Act does give the OCC the legal authority to grant national bank charters to companies engaged in the business of banking."; the banking charter would encompass all fintech companies engaging in banking activities regardless of whether or not they take banking deposits; the OCC is still evaluating the provisions of the fintech charter following its December 2016 white paper and comment period which ended in January 2017. Source
Max Levchin spoke with CNBC and provided some updates on the company; he believes the government has been under-hyped when...
The illustrious awards ceremony, with a star-studded list of nominees, will be held in New York at the end of Fintech Nexus USA.
T-Mobile is officially getting into banking with a big nationwide push to sign up customers for no-fee checking accounts; you...
Real estate analytics fintech HouseCanary has announced a fresh funding round of $65mn led by Morpheus Ventures, Alpha Edison and...
Today was supposed to be the day that the Payroll Protection Program (PPP) rolled out at banks and fintech lenders...
Financial wellness programs are slowly becoming the norm in corporate America; a recent survey showed that at companies with more...
Digital only Radius Bank has announced a new rewards program with enhanced benefits like increased transaction limits and cash back...
Five Star Bank will join the technology ecosystem of SmartBiz Loans; as an SBA loan partner, Five Star Bank's loans will now be available as a loan financing option for small businesses seeking funding on the SmartBiz Loans platform; in addition to matching services, SmartBiz Loans also helps to support fast and efficient loan processing through its bank-enabling technology; the partnership will help increase the availability of loans for small businesses on the platform and also support new business development for Five Star Bank. Source