Treasury Secretary Yellen to regulators: Act quickly on stablecoins
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On Monday, July 19, Treasury Secretary Janet Yellen, convened the President’s Working Group on Financial Markets (PWG).
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Fintech News Stories
Challenger bank MoneyLion is considering going public via SPAC
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MoneyLion, a digital banking startup whose platform also offers lending and investing, is reportedly in talks to go public by merging with Fusion Acquisition, a special purpose acquisition company (SPAC).
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Robinhood under pressure to rebuild trust after GameStop fallout
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As the dust settles over the Robinhood-GameStop debacle, the company is picking up the pieces with a bruised reputation, lawsuits, and the likelihood of enhanced government oversight.
Read MoreCNN's Chris Cuomo speaks with Vlad Tenev, CEO of the stock-trading app Robinhood
/CNN's Chris Cuomo speaks with Vlad Tenev, CEO of the stock-trading app Robinhood, after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular subreddit for investors.
Amid Reddit rally, Robinhood trade restrictions spark outrage from investors
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As retail investors on Reddit boosted heavily-shorted stocks like AMC Entertainment, Blackberry, and GameStop – which rose hundreds of percentage points in recent weeks
Read MoreArizona Fintech Council creates pathway for non-US innovators to partner with US fintechs
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This week, CCG Catalyst Consulting and the Arizona Bankers Association partnered to create the Arizona Fintech Council, an entity that will allow new opportunities for financial institutions and fintechs to work together and build proofs of concept as part of Arizona’s regulatory sandbox.
Read MoreInsurtech Openly taps Flyreel for AI-supported virtual property inspections
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Openly, which offers premium homeowners insurance through independent agents, is partnering with AI startup Flyreel to integrate its toolset as part of a streamlined home inspection process.
Read MoreAnt Group to form holding company overseen by Chinese central bank
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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 MoreAnt Group to form holding company overseen by Chinese central bank
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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 MoreReal-time payments network FedNow announces 110 pilot partners
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FedNow, 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 MoreAlbert, a personal finance automation startup, raises $100M
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With 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 MoreSunlight Financial to go public via merger with Apollo-affiliated SPAC
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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 MoreBiden’s likely nominee for Comptroller of the Currency draws flak from within Democratic Party
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As the Biden administration gets its ducks in line for a more aggressive financial regulation apparatus post-Trump
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