Standard Chartered Bank India is rolling out a video KYC (know your customer) process for account onboarding, eliminating the need for customers to go to physical branches to validate documents.
Read MoreStripe, a firm whose tools allow merchants to accept payments, has named Mark Carney to its board of directors. Carney, a former governor of the Bank of England and the Bank of Canada, is currently the United Nations envoy on climate action and finance.
Read MoreA week after Canada’s central bank confirmed that its plans for a central bank-backed digital currency (CBDC) have accelerated during the pandemic, government-backed digital currencies cleared hurdles in two other markets.
Read MoreAmid the GameStop trading frenzy in recent weeks, the U.S. House Financial Services Committee heard from tech CEOs, including Robinhood CEO Vlad Tenev, on Thursday, Feb. 18.
Read MoreThe Federal Deposit Insurance Corporation (FDIC) has appointed fintech executive Sultan Meghji as its first-ever chief innovation officer.
Read MoreThis year’s SXSW Pitch finalists and alternates feature over 50 interactive technology companies from 8 different categories. These companies will virtually pitch and participate in a 5-minute Q&A with three judges as a part of SXSW Online.
Read MoreGoldman Sachs, the famed Wall Street investment bank, is increasingly moving to Main Street with the rollout of consumer financial services offices offerings, the latest being Marcus Invest this week.
Read MoreWith the rush to automate banking transactions during the coronavirus pandemic, companies offering banks the tools to create their own bots and automated spending analyzers are getting a boost.
Read MoreAs 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 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.
