Microsoft, the gigantic technology company founded in 1975, is coming together with Plaid, the fresh-faced fintech that allows users to connect their bank accounts to an app.
Read MoreIt’s been a big few weeks for Visa, which continues to make significant investments in fintech firms.
Read MoreLast year was a busy time for the major card networks when it came to M&A. Visa this week may have made the latest and biggest splash of all, with its $5.3-billion acquisition of Plaid.
Read MoreThere’s been a long-standing battle between banks (or other financial institutions) and third parties over the sharing of customer data. This scenario is playing out again exactly as you’d expect.
Read MoreWho’s Who in Insurtech — some of the companies that have had big raises and generated considerable buzz this year
Read MoreRecently, we touched on how several hot European fintechs have set their eyes on the U.S. market, and now a major U.S. player is moving in the other direction across the pond. This week, Plaid said it is launching in the UK as part of a planned global expansion.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
