Wealthfront, one of the largest independent robo-advisers, announced that it’s going to let its users invest in cryptocurrencies, alongside a broader move to allow customers to further customize their portfolios.
Read MoreBanking technology company Fiserv, which owns point-of-sale payment system Clover, entered into a partnership with PayPal to allow QR code payments using PayPal and Venmo apps at business checkouts.
Read MoreInvestors are making serious bets on digital banking apps for young people. This week, three major companies in this space secured investments: Greenlight, which focuses on kid-friendly accounts
Read MoreSouthwest Airlines has struck a partnership with ‘buy now, pay later’ (BNPL) provider Uplift, a company that focuses on point-of-sale financing for travel.
Read MoreTill, a fintech founded by dads Tom Pincince, Taylor Burton, and Brian Chemel, markets itself as the first collaborative financial platform specifically built for families.
Read MoreAs consumers get more comfortable with cashless payment methods as the pandemic enters its second year, Amazon is launching a new biometric payment method called Amazon One at Seattle Whole Foods stores.
Read MoreIn the latest indication that the mainstream finance world and crypto ecosystem are coming together, cryptocurrency exchange Binance.US has tapped former banking regulator Brian Brooks as its new CEO, effective May 1.
Read MoreSan Francisco-based Affirm, which offers ‘buy now, pay later’ (BNPL) financing for consumer purchases, announced that it will acquire Returnly, a returns platform that allows customers to get instant store credit even before a return is processed.
Read MoreVenmo, the popular peer-to-peer payments app owned by PayPal that counts 70M users, today announced that users can buy, hold and, sell cryptocurrency directly within the Venmo app.
Read MoreSallie Mae, which provides credit-based private student loan products to international and DACA students who apply with an eligible U.S. citizen or permanent resident co-signer, is working with fintech MPOWER Financing to deliver loans to “high promise” international students across 350 universities and colleges in cases where a co-signer is not available.
Read MorePayments giant Mastercard plans to acquire Ekata, a 2-year-old Seattle based company that focuses on APIs and SaaS digital-identity solutions that help more than 2,000 businesses and partners combat cyberfraud.
Read MoreRep. Maxine Waters (D-California), who is chairwoman of the House Financial Services Committee, raised concerns over banking charters for fintech and crypto companies at a subcommittee hearing on the topic this week.
Read MoreMarcus by Goldman Sachs, which likens itself to a fintech startup operating inside a large bank, is these days looking more like a legacy bank unit facing a flight of talent – the latest being head of product Sonali Divilek.
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.
