Chime, one of the largest digital banking startups in the U.S., has agreed to stop conflating its offerings with those offered by banks in its marketing and advertising messages, per a March settlement agreement with California regulators.
Read MorePayPal, in its first quarter 2021 earnings report, said it processed $285B in payments – a 50% bump year-over-year – and added 14.5 million net new active customers.
Read MoreGrayscale investments, the world’s largest cryptocurrency asset manager, entered into the first-ever cryptocurrency partnership with an NFL Team with a new agreement with the New York Giants.
Read MoreBill.com, which reports earnings this week, is reportedly on the cusp of acquiring expense-management startup Divvy, which was recently valued at $1.6B.
Read MoreCard issuing and processing startup Marqeta is reportedly on pace to move forward with a June IPO, making the paperwork public in May.
Read MoreTreasury Secretary Janet Yellen is reportedly about to appoint a former senior Federal Reserve official to the post of acting comptroller of the currency.
Read MoreE-commerce marketplace eBay, in various media interviews this week, suggested it may accept crypto as a payment method in the future.
Read MoreSoFi, the banking, lending, and investing platform that will soon go public via merger with a special-purpose acquisition company, announced that it’s letting its clients redeem their cash back rewards in bitcoin or ethereum.
Read MoreFidelity is delving deeper into digital assets, and to do that, it’s rolling out an analytics offering called Sherlock to help its institutional investor clients monitor the performance of their digital assets.
Read MoreUS Bank is rolling out a group of specialized products for special-purpose acquisition company sponsors covering trustee administration, investment, and disbursement services.
Read MoreWealthfront, 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 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.
