In September, Comptroller of the Currency Thomas Curry discussed his proposal for fintech regulation which he said would likely include a fintech charter; on Friday, Thomas Curry is expected to announce his plans for the fintech charter; potential provisions to be included with the fintech charter announcement include receivership powers which would provide support from the government if capital funding fails. Source
Today, SoFi announced a new index fund focused on the gig economy; GIGE trades on the Nasdaq and is actively...
Mike Cagney is one of the most successful fintech entrepreneurs with his founding of SoFi and now Figure; Cagney sat...
Banking data aggregator Plaid has acquired their main competitor Quovo in a deal that Bloomberg said could reach $200mn; the...
Banks have not been sitting around waiting for the government stimulus to help customers; Mandy banks have started to extend...
Charlie Finance doesn’t require an app download, they instead use texts and messenger to interact with clients to help them...
True Link Financial provides financial services to the elderly, disabled people and those who are recovering from addiction; the company...
Schwab Intelligent Portfolios now boasts $24 billion assets under management and has hired Cynthia Loh, the ex-general manager of Betterment for Business; article reports on Schwab’s robo-advice platform growth, the cannibalization the firm saw with the offering, and what the new hire might mean for Schwab’s future plans. Source
As Facebook continues to recover from their issues surrounding data they have announced a blockchain based strategy; former PayPal president...
The Global Digital Asset Exchange or GDAX is looking to list initial coin offerings that have thus far shown some level of success; the exchange has started too come under pressure to increase listings as investor interest in ICOs continues to stay red hot; as they try to meet demand they also want to be sure to not list too many and end up having startups that don’t deliver; GDAX is looking for track record of success, real world implementation and helps to create an open financial system. Source.