Coinbase vows to stay out of political debates, offers unhappy employees packages
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Fintech News Stories
Facebook platform integration to include payments across apps
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Facebook this week announced it’s testing a feature called Account Center, through which users will be able to sign into Facebook, Instagram, and Messenger, and use a single Facebook Pay ID to make purchases within each of the platforms.
Read MoreAmazon tries palm payments as Square rolls out QR code-based ordering
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Contactless payments got a major boost this week through new features rolled out by Amazon and Square.
Read MoreBusiness banking startup Azlo moves into subscriptions
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BBVA-backed digital bank Azlo launched a subscription-based service called Azlo Pro, which includes invoicing, and automated budgeting for payroll and taxes.
Read MoreGoldman shuffles leadership at consumer banking unit
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Harit Talwar, who has been Goldman Sachs’ global head of consumer business and the public face of its Marcus unit since 2015, is leaving his position, according to a Bloomberg report.
Read MoreFinicity launches new underwriting tools to help FIs reach new customers
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Data aggregator Finicity, which Mastercard agreed to acquire in June in a deal valued at nearly $1B, launched a new product suite called Finicity Lend, which is designed to help lenders reach more consumers through a closer line of sight on transactions.
Read MoreWells Fargo inks data-sharing agreement with Envestnet Yodlee
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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 debuts personalized health plans
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Bind 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 More1Password taps Privacy.com to allow users to generate virtual card numbers
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Password manager 1Password and virtual card payment startup Privacy.com are partnering to allow users to create virtual card numbers for every merchant.
Read MoreCiti pledges $1B to close racial wealth gap
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Citibank and the Citi Foundation committed $1B in funding to enhance access to financial services for communities of color.
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Chinese government taps e-commerce giant JD.com for digital currency project
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Chinese 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 MoreSuspicious transaction reports expose cracks in bank AML frameworks
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A 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 MoreReal estate investment startup Cadre launches savings account with 3% interest
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Cadre, 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 MoreFlexible rent payment startup Till raises $8M for expansion
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Till, 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.
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