We are almost into February and the growth of the SPAC (special purpose acquisition company) route to taking fintech companies public shows no sign of abating.
Read MoreAs the Biden administration gets its ducks in line for a more aggressive financial regulation apparatus post-Trump
Read MoreJanet Yellen, the Biden administration’s Treasury Secretary nominee and former chair of the Federal Reserve, outlined some key financial industry priorities in a Senate confirmation hearing on Tuesday, Jan. 19.
Read MoreLendingClub, the publicly-traded digital-lending marketplace, got the green light from regulators to complete the acquisition of Radius Bank, after getting preliminary approval from the Office of the Comptroller of the Currency in December.
Read MoreGoldman Sachs, which reported that profits more than doubled year-over-year (YoY) in the fourth quarter of 2020, is reportedly on the hunt for an acquisition to strengthen its Marcus consumer banking unit.
Read MoreBlackRock, the world's largest asset manager with $8.68T in assets under management, announced that it’s integrating tools offered by Clarity AI, a sustainability analytics and data science platform, into Aladdin, BlackRock’s operating system for investment professionals.
Read MoreOn Tuesday, Jan. 12, Visa and Plaid decided to terminate a merger agreement inked nearly a year ago that would allow Visa to acquire the data aggregator for $5.3B.
Read MoreThe New York Times reports that German-born programmer Stefan Thomas is sitting on a bitcoin fortune worth $200M, but can’t access it because he can’t remember the password to his digital wallet.
Read MoreBank partnerships come in all shapes and sizes. In addition to the bulge bracket banks like Goldman, community banks and credit unions are ramping up their partnerships.
Read MoreRetail giant Walmart announced that it will launch a fintech startup that will offer “innovative and affordable” financial solutions for consumers.
Read MoreIPO activity plummeted in March following extreme volatility which, led companies to postpone or scuttle plans to go public.
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.
