Credit bureau Equifax has acquired AccountScore, a 5-year-old U.K.-based company whose technology helps businesses obtain and understand bank transaction data. Terms of the deal were not disclosed.
Read MoreIn a crowded market of digital-only banks and bank-type platforms, cash back rewards are seen as a way to keep customers engaged.
Read MoreIn a move reaffirming their openness to bitcoin in traditional markets, Canadian securities regulators approved a third bitcoin exchange-traded fund – the CI Galaxy Bitcoin ETF – that will launch Tuesday on the Toronto Stock Exchange.
Read MoreStarling 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.
Read MoreMoneyLion, 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 MoreHippo, 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 is reportedly planning to buy crypto custody firm Curv, at a price tag of between $200M and $500M, several news outlets reported.
Read MorePayments 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, 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 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 MoreStock 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 MoreDevon Sherman, Senior Managing Director of MassChallenge FinTech and HealthTech
Read MoreCoinbase just filed its paperwork to go public through a direct listing, becoming the first cryptocurrency exchange that will list on the Nasdaq.
Read MoreA 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 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.
