Wells Fargo has signed an agreement to enable API-based secure data sharing with aggregator Envestnet Yodlee, allowing customers to securely share data with 1,400 third-party financial applications
Read MoreBind Benefits, a Minneapolis-based digital insurance startup, has launched personalized health plans that allow patients to choose treatment options with transparent pricing. It launched in Florida with employers of 50+ employees, and the company plans to expand to Ohio, Texas, Virginia, and Wisconsin.
Read MorePassword manager 1Password and virtual card payment startup Privacy.com are partnering to allow users to create virtual card numbers for every merchant.
Read MoreCitibank and the Citi Foundation committed $1B in funding to enhance access to financial services for communities of color.
Read MoreChinese media reported this week that the country’s central bank is working with e-commerce behemoth JD.com on mobile apps that will support a digital yuan.
Read MoreA Buzzfeed investigation on more than 2,100 suspicious activity reports banks filed with the U.S. Treasury Department’s Financial Crimes Enforcement Network reveals that over a period of nearly two decades, major institutions moved trillions of dollars for suspected terrorists, drug dealers, and corrupt foreign government officials.
Read MoreCadre, a 6-year-old startup that lets clients invest in real estate, is rolling out a savings account that offers 3% interest up to the amount clients have invested in their real estate portfolios.
Read MoreTill, a Washington, D.C.-based startup that allows customers to set customized rent payment schedules, has raised $8M in seed funding to enhance the platform and grow adoption.
Read MoreMastercard and Boston-based payments company, Flywire, are working together to make cross-border tuition payments easier and faster for students.
Read MoreCryptocurrency exchange Kraken is the first crypto company to acquire a banking license in the U.S.
Read MoreThe Consumer Financial Protection Bureau (CFPB) this week released proposals regarding SME lenders that could be exempted from data collection requirements under the Dodd-Frank Act.
Read MoreRakefet Russak-Aminoach, former president and CEO of Israel-based Bank Leumi, joins a group of fintech executives, including Yuval Tal, founder of payments company Payoneer, and Galia Beer-Gabel, a former head of business development at PayPal, to launch Team8 Fintech, a $100M fintech fund.
Read MoreAs digital financial services get a boost during the pandemic, some of the key beneficiaries are payments companies.
Read MoreJPMorgan and BlackRock are tapping startup Saphyre’s AI tools to automate the opening of custody accounts. The new solution allows for the digitization of account information entries, the pre-population of redundant data, and the elimination of manual processes and wet signatures.
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.
