Wealth management tech giant Envestnet has acquired Harvest Savings & Wealth Technologies, a 7-year-old Bay Area-based fintech that offers savings and wealth solutions for banks and wealth management firms. Terms of the deal were not disclosed.
Read MoreAvant, a Chicago-based digital lender that’s raised more than $600M in equity funding, and has connected more than 1.5 million customers to $7.5B in loans and 400,000 credit cards, has acquired Zero Financial and its digital challenger bank Level.
Read MoreSignal, the messaging app that enables privacy via encryption, is testing a feature in the U.K. that will allow users to send currency to each other through the MobileCoin wallet and cryptocurrency MOB.
Read MoreInstinet, the Nomura-owned broker-dealer and Credit Suisse have settled U.S.-listed equity trades on a same-day timeframe while using Paxos’ blockchain-based settlement service.
Read MoreAlkami, a 12-year-old Texas-based banking technology startup with a cloud-based platform for banks and credit unions, announced an initial public offering (IPO) at a $2B valuation.
Read MoreBank of America has acquired Santa Barbara, California-based Axia Technologies, which is also known as AxiaMed. The 6-year-old payments technology company focuses on healthcare.
Read MorePoint-of-sale lender Affirm is moving past retail shopping and into vacation property rentals. The company, which went public earlier this year, announced a limited-time partnership with vacation rental marketplace Vrbo.
Read MoreQ2, an Austin-based publicly-traded company that specializes in banking and lending technology solutions, has acquired ClickSWITCH, a 7-year-old Minneapolis-based fintech that developed a patent account-switching solution.
Read MoreWhile free lunches and ping pong tables may have been popular office perks prior to the pandemic, one 401(k) startup discovered that many remote businesses decided to invest in 401(k)s as workplace benefits instead.
Read MoreBeam, a San Francisco-based savings app which launched in 2019, has been shut down as a result of a tentative settlement with the Federal Trade Commission (FTC).
Read MoreWith more than 9,000 stores across the U.S. and interactions with 8 million customers in-store and online, pharmacy retailer Walgreens is now betting on financial services in a tie-up with card issuer MetaBank and payments provider InComm Payments.
Read MorePayments 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.
Read MoreReinsurer Wilton Re will pay $220M to acquire Allstate Life Insurance Company of New York (ALNY) from parent company Allstate.
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.
