Ian Kar of Fintech Today writes about the role of e-commerce behemoth Shopify in the future of embedded finance; Shop...
BlueVine raised $49 million in a Series D funding round from existing investors including Lightspeed Venture Partners; BlueVine has so far provided $200 million in working capital and says they are on track to lend out $500 million in 2017; BlueVine credits partnerships for a lot of their success, in particular the deal with QuickBooks who says the BlueVine offer is very popular among users. Source
According to data from LinkedIn there are more than 150,000 data scientist jobs that employers were unable to fill; the...
JPMorgan spends an astounding $11 billion on technology every year; Huw Richards who is head of digital investment banking recently...
The Sift app was designed to increase transparency in credit card spending and provide credit card users with detailed information on fees and alternatives; the app has the capability to analyze 90% of all issued credit cards in the US for hidden benefits, price adjustment refunds, extended warranties, return protection and more; the firm has announced a $1.5 million fundraising round with the launch of the app and has plans to increase its users and expand the app's offerings. Source
Digital wealth management fintech SigFig has launched their new SigFig Atlas platform for banks as the startup looks to take...
When SigFig first launched they were one of the only companies disrupting the wealth management space and were seen as...
Coindesk reports that the initial phase of a token sale for tZERO attracted 2,000 accredited investors; the company may now shorten the time until their token sale; tZERO is an alternative trading system registered with the SEC. Source
News of Amazon in talks with JPMorgan Chase and Capital One to offer a checking account product has brought up a number of regulatory questions; key questions include who owns the customer, what is Amazon’s role in the accounts, who regulates Amazon in this instance and will Amazon need to become a bank; while details of the deal are not fully known regulators will be keeping a close eye on the partnership. Source.
Most bank customers never think about how a bank’s technology works and what it means for their financial lives; core...