In the latest move by a traditional finance player recognizing bitcoin as an asset class, banking and investing giant Morgan Stanley this week said it’s going to offer wealthy clients access to three funds that will enable exposure to bitcoin.
Read MoreAs Stripe reaches a $95B valuation, its talent is being sought out by newer startups looking to scale. This week, Ramp, a two-year-old corporate card startup, hired Colin Kennedy, Stripe’s former global head of partnerships, as its chief business officer.
Read MoreEarly this year, it seemed all but certain that the Biden administration would nominate Obama-era Treasury official Michael Barr to lead the Office of the Comptroller of the Currency (OCC).
Read MoreSmall business lender BlueVine has hired Steve Allocca, former president of LendingClub, as the company’s first chief operating officer.
Read MoreWith the approval of the coronavirus relief package, consumers anxiously await their stimulus deposits, an area where digital-only banking startups are pulling ahead of incumbent players.
Read MoreStripe, a company whose tools allow merchants to accept payments, says it’s growing its European operations amid a $600M Series H fund raise.
Read MoreThe Consumer Financial Protection Bureau (CFPB) this week issued an interpretive rule clarifying that it will enforce a federal ban on sex discrimination in lending practices, which also applies to cases where discrimination is claimed on the basis of sexual orientation or gender identity.
Read MoreWhile the bulk of stimulus payment cards are going out through direct deposit, a significant number will be sent via MetaBank-issued prepaid cards.
Read MoreGreen Check Verified, a company that offers cannabis banking software and service solutions, today launched a suite of account monitoring and compliance tools to enable institutions to meet regulatory requirements more efficiently.
Read MoreIn an apparent move to secure a bank charter as soon as possible fintech SoFi acquired California’s Golden Pacific Bancorp for $22.3M. SoFi offers banking, lending, and investing products.
Read MoreCredit 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 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.
