As consumers transact digitally en masse during the pandemic, Canada’s central bank is accelerating its central bank-backed digital currency (CBDC) efforts.
Read MoreU.K. challenger bank Monzo is putting its eggs into the competitive U.S. market. In pursuit of that goal, it appointed Carol Nelson, former CEO of Cascade Bank and senior vice president of Bank of America, as the company’s new U.S. CEO.
Read MoreLemonade, which offers insurance for renters, homeowners, and pets, is tapping fellow insurtech Bestow on a life insurance product offering that will allow Lemonade customers to apply for instant life insurance coverage in minutes via Bestow’s Protect API.
Read MoreE-commerce and omnichannel business platform Shopify is integrating its payment button Shop Pay with Facebook and Instagram, allowing all Shopify merchants to offer it on their Facebook and Instagram stores.
Read MoreNew leadership at the Consumer Financial Protection Bureau (CFPB), including the likely nomination of Rohit Chopra as director, is fueling industry speculation around possible changes to the credit system, credit bureaus, and high-interest lending.
Read MoreTesla, whose CEO Elon Musk has been tweeting in support of bitcoin and dogecoin, confirmed on Monday, Feb. 8 that the company has invested $1.5B in bitcoin and will accept the cryptocurrency as a payment method in the future.
Read MoreWhile brokerage platforms have lifted prior limits on trading of GameStop, AMC Entertainment and other shorted stocks, regulators are examining the fallout from recent events.
Read MorePayPal, which launched capabilities to buy, sell, and hold cryptocurrencies last October, said it’s seeing strong crypto transactional activity and plans to grow a recently-launched unit dedicated to the rollout of these offerings.
Read MoreKlarna, a firm that’s best known for its point-of-sale financing toolset, reports that it more than doubled its total number of U.S. users to 15 million compared to just one year ago.
Read MoreVisa this week inked a partnership with First Boulevard, a challenger bank aimed at the Black community, to allow First Boulevard to pilot Visa’s new suite of crypto APIs.
Read MoreOn Monday, July 19, Treasury Secretary Janet Yellen, convened the President’s Working Group on Financial Markets (PWG).
Read MoreMoneyLion, 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).
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.
