PayPal reported third quarter earnings this week, in which it reported strong user growth and future plans for its digital financial product suite.
Read MoreDemocratic lawmakers Alexandria Ocasio-Cortez (N.Y.) and Rashida Tlaib (Mich.) last week introduced the Public Banking Act, which would allow for the creation of federally chartered and supported public banks.
Read MoreFinancial product marketplace NerdWallet acquired Fundera, a platform that allows small business owners to compare loan offerings.
Read MorePersonal finance and lending fintech SoFi obtained a green light from Office of the Comptroller of the Currency (OCC) for its bank charter application three months after applying.
Read MoreFresh off a $3.8M seed funding round, Austin-based insurtech Steadily launched to help landlords insure their occupied properties.
Read MoreVisa’s $5.3B acquisition of Plaid is facing scrutiny from the U.S. Department of Justice (DOJ), which filed a petition with a court demanding answers to a series of questions. The DOJ will assess whether the acquisition violates antitrust law.
Read MoreThe banking-as-a-service ecosystem got a big boost this week through the release of APIs that allow clients’ programmers to build on top of the bank’s platform.
Read MoreBrex, a Silicon Valley-based card and financial product company that serves businesses, is rolling out a new function whereby e-commerce merchants will be able to get paid immediately.
Read MoreJPM Coin, the digital currency developed by JPMorgan Chase, is being used commercially by a “large technology client” engaged in cross-border payments, CNBC reported.
Read MoreChinese financial firm Ant Group, which oversees mobile payment platform Alipay is on pace to raise more than $34B in an IPO, when its shares begin trading in Hong Kong and Shanghai.
Read MoreMicro-investing app Acorns, which also offers personal finance and banking capabilities, is teaming up with ZipRecruiter in an effort to expand its footprint and deliver more value to its client base.
Read MoreUBS Workplace Wealth Solutions, a unit within the financial firm that offers wealth and retirement solutions for workplace clients, is partnering with New York-based fintech FutureFuel.io to offer users a range of student loan repayment options, including reassessments, refinancing, roundups, “Give Back” (repayment through cash-back rewards), and other solutions.
Read MoreAlan, a 4-year-old Paris-based insurtech focused on healthcare, has rolled out a new feature that allows customers to take part in instant-message chats with doctors.
Read MoreJPMorgan Chase has launched a smartphone card payment reader called QuickAccept, along with free instant transfers to merchant accounts.
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.
