Ant Group (formerly Ant Financial), which owns payment platform Alipay and operates a loan marketplace, plans to roll out a series of reforms in response to concerns from Chinese regulators.
Read MoreFedNow, a real-time payments network run by the Federal Reserve, announced 110 new partner institutions for its pilot program, which includes banks and processors.
Read MoreWith 2021 starting off with prospects for the growth of embedded finance, or adding financial services into a range of new use cases (including non-financial ones), the fintech OG – personal finance tech companies – are growing, including Culver City, Calif.-based Albert.
Read MoreWe 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 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.
