Visa takes leap in settling transactions via USDC stablecoin
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Payments giant Visa says it’s allowing transactions to settle using cryptocurrency USD Coin (USDC), a stablecoin whose value is tied to the U.S. dollar.
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Fintech News Stories
Allstate completes exit from life and annuities business
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Reinsurer Wilton Re will pay $220M to acquire Allstate Life Insurance Company of New York (ALNY) from parent company Allstate.
Read MoreDespite the pandemic’s impact on real estate, proptech is thriving
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Real estate has had quite the year, which has only fueled innovation in the space. It will be exciting to see what more will develop around proptech’s intersections with asset management and insurance, as well what proptech can do to advance environmental sustainability, co-living solutions, and…
Read MoreGoldman Sachs and Fidelity apply for bitcoin-related investment products
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Fidelity and Goldman Sachs are seeking approval from the Securities and Exchange Commission (SEC) for bitcoin-related investment products, demonstrating how quickly the cryptocurrency is moving into traditional banking and wealth management realms.
Read MoreBig banks back Black & Latinx-focused neobank Greenwood’s $40M Series A fund raise
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Greenwood, a digital banking platform aimed at Black and Latinx communities, has secured $40M in Series A funding after securing a $3M seed round in October.
Read MoreCoinbase fields customer service complaints as it prepares to go public
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Coinbase, the cryptocurrency exchange which recently filed paperwork to go public through a direct listing, is battling a growing number of complaints from clients who say they’re locked out of their accounts or can’t get answers to simple customer-care questions.
Read MoreeMoney Advisor integrates with Akoya network to stamp out ‘screen scraping’
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eMoney Advisor, the Fidelity-owned financial software planning platform used by more than 70,000 financial professionals across firms of all sizes, announced that it’s joining the Akoya data access network.
Read MoreBitClout, a crypto social network, will launch out of beta this week
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BitClout, a crypto social network that allows participants to buy and sell tokens based on people’s reputations, will launch out of beta this week. It is centered around possibilities to invest in a measure of individuals’ credibility and recognition.
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SXSW 2021 Pitch Winners Announced
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“What is your customer acquisition strategy?” is a typical question for startups. And many of the 40 companies pitching in eight categories during the 13th annual SXSW Pitch Event showed they had a clear roadmap for attracting ideal customers to grow their businesses.
Read MoreCaesar Sengupta, Google’s head of payments, to leave for ‘new mission’ next month
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Google’s head of payments says he’s leaving the company for a yet-to-be-announced “new mission.” His last day at the company is April 30.
Read MoreFintech pioneer Mint poised for major upgrade
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Mint, one of the first personal finance aggregators, is updating its client experience and adding support for new offerings thanks to parent company Intuit’s Credit Karma acquisition and a new team.
Read MoreMorgan Stanley gives wealthy clients access to bitcoin funds
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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 MoreCard startup Ramp poaches Stripe executive Colin Kennedy
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As 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 MoreTide moves toward law professor Mehrsa Baradaran as Biden OCC pick
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Early 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).
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