Starling Bank crosses 2 million accounts, achieves unicorn status
/Starling Bank, a 7-year-old U.K. neobank, crossed 2 million accounts on the heels of its biggest fund raise yet: $376M, led by Fidelity investments.
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MoneyLion acquires wealthtech firm to boost robo-adviser capabilities
/MoneyLion, a New York-based banking, investing, and lending platform, has acquired Wealth Technologies in an effort to bolster its in-house tech capabilities that help users plan their financial lives.
Read MoreInsurtech Hippo to go public via SPAC in $5B deal
/Hippo, a 6-year-old insurtech firm that focuses on home insurance, is merging with a special purpose acquisition company (SPAC), in a $5B deal that will take the company public.
Read MorePayPal in talks to acquire crypto custody firm as it expands digital asset capabilities
/PayPal is reportedly planning to buy crypto custody firm Curv, at a price tag of between $200M and $500M, several news outlets reported.
Read MoreCanada hits new milestone on path to real-time payments system
/Payments Canada and the Bank of Canada are in the process of setting up Real-Time Rail (RTR), a network that will allow Canadians to initiate payments and receive irrevocable funds in seconds, 24 hours a day, seven days a week. It will launch next year.
Read MoreMerrill is intensifying its focus on Florida
/Merrill, Bank of America’s wealth management arm, is putting its resources where its customers are. The firm has 20 teams catering to ultra-high-net-worth individuals in Florida – those with at least $10M to invest – and plans to double that over the next few years.
Read MoreSquare launches bank for merchants
/Square wants to be a one-stop shop for small businesses, and with the launch of industrial bank Square Financial Services, the new bank will offer businesses deposits and loans.
Read MoreRobinhood preparing to pay fine of more than $26M to settle prior probes
/Stock trading app Robinhood is in discussions with The Financial Industry Regulatory Authority (FINRA) to settle probes into options-trading practices and outages that took place in March of 2020
Read MoreQ&A with Devon Sherman of MassChallenge FinTe
/Devon Sherman, Senior Managing Director of MassChallenge FinTech and HealthTech
Read MoreCryptocurrency exchange Coinbase files to go public
/Coinbase just filed its paperwork to go public through a direct listing, becoming the first cryptocurrency exchange that will list on the Nasdaq.
Read MoreFederal Reserve payments outage raises system-wide stability questions
/A series of payments systems operated by the Fed went down for several hours on Wednesday due to an “operational error,” affecting multiple services, including the automated clearinghouse system (FedACH), a lifeline that connects financial institutions sending electronic credit and debt transfers.
Read MoreStreamlabs embeds creator tipping capability in website builder
/Streamlabs, a Logitech-owned company that specializes in tools to help streamers increase engagement, is including a tipping option in its mobile website builder Willow.
Read MoreRichmond Fed appoints bitcoin advocate Sunayna Tuteja as chief innovation officer
/The Federal Reserve Bank of Richmond has appointed Sunayna Tuteja, TD Ameritrade’s former head of digital assets and distributed ledger technology, as its chief innovation officer.
Read MoreHSBC looks East as it angles strategy toward affluent consumers in Asia
/Although its pre-tax profit fell 34% in 2020 compared to the year prior, HSBC’s annual earnings beat expectations despite a tough year due to the coronavirus pandemic.
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