Messaging app Symphony will be integrated into OpenFin’s platform in hopes of creating a competitor to Bloomberg; “By enabling Symphony to run on the OpenFin operating system, we are making it easy for our mutual customers to unify the Symphony desktop experience with their other OpenFin-based apps," Mazy Dar, chief executive of OpenFin, said as reported by Business Insider; with the integration they are hoping to create a lower cost product and eat into some of the dominance that Bloomberg has over the market. Source.
The New Year’s Eve ransomware attack on Travelex has disrupted foreign currency cash transactions for many large banks including Barclays,...
According to a survey by Cornerstone Advisors 8.2 percent of respondents said they will open a checking account with Marcus...
JPMorgan is in talks to invest an undisclosed amount in 10x Future Technologies, the company founded by former Barclays CEO...
Forbes spoke with Bradley Strock, the company’s chief information officer to talk about how the company has transformed over the years; Strock discusses their focus on being a customer-centric company, their successful shift to mobile and other strategic priorities. Source
Jilliene Helman won the LendIt Fintech Woman of the Year award at LendIt's first industry awards show and has led RealtyMogul since 2013 as the firm's founder; offering debt and equity real estate investments as well as a REIT, RealtyMogul is one of the most innovative real estate investing platforms that has evolved from the JOBS Act's new regulations for crowdfunded investments; Helman talks with Forbes about the firm's REIT investment, the experience of its management team, and how economies of scale and the firm's technology are helping the firm succeed. Source
Smaller dollar loans can be very profitable and are often provided by payday lenders; there are also some fintech companies...
The round was led by Qatar Investment Authority and values the company at $4.3 billion; they plan to invest in...
State legislators have voiced opposition to the Office of the Comptroller of the Currency's (OCC) proposed fintech charter; primarily concerned with nationalized rules that would ease regulations currently in place by state governments and allow payday lenders to evade state rules established for consumer protection; senators have also opposed the national charters suggesting that federal regulators collaborate with state regulators; the OCC's comment period for the proposed fintech charter is open until January 15. Source
Gary Cohn, former Director of the U.S. National Economic Council, writes in the FT that the current crisis could help...