Greenlight, an Atlanta company that offers debit cards and bank accounts for kids, is suing a former Facebook executive who recently began a job at rival startup Step, whose products serve a similar customer group.
Read MoreState Street is launching a new business unit called State Street Digital, covering cryptocurrency, central bank digital currency, blockchain, and tokenization.
Read MoreStarting in July, some retirement savers will have the option to put some of their funds in crypto. Startup 401(k) provider ForUsAll, which works with small businesses, is partnering with cryptocurrency exchange Coinbase to allow users to allocate up to 5% of their holdings in cryptocurrencies.
Read MoreAs Robinhood and GameStop debacles this year put a spotlight on the growing number of retail investors, New York-based Atom Finance aims to offer a suite of research tools comparable to a Bloomberg terminal at a more affordable price point.
Read MoreUnbeknownst to many, Georgia-based lawyer Stacey Abrams – yes, that Stacey Abrams – has been a fintech entrepreneur since 2010. Together with Lara O’Connor Hodgson, Abrams co-founded Now, a toolset that automates the process and timing around when businesses get paid.
Read MoreUnbeknownst to many, Georgia-based lawyer Stacey Abrams – yes, that Stacey Abrams – has been a fintech entrepreneur since 2010.
Read MoreCredit Sesame, a credit monitoring and personal finance management platform, announced that it acquired Zingo, a software firm whose toolset allows its customers to boost their credit scores by adding rent payments.
Read MoreTwo months after filing a patent for fintech offering Hazel by Walmart – an amalgam of products and services that look a lot like a robo-adviser – the retail giant announced a partnership with bill payment fintech PayNearMe and Green Dot Bank in an effort to get customers to pay their bills at its stores.
Read MoreAt a bitcoin conference in Miami last week, Square CEO Jack Dorsey said the company was considering creating a non-custodial hardware wallet for bitcoin, a move Dorsey said could help “take it to the next level and get to 100 more million people.”
Read MoreDave, a California-based challenger bank, personal finance app and earned-wage access provider, announced plans to merge with VPC Impact Acquisition Holdings III, Inc., a special-purpose acquisition company sponsored by Victory Park Capital.
Read MoreSquare is partnering with Google to offer sellers on its platform greater visibility.
Read MoreJamie Dimon, JPMorgan Chase CEO, along with bank CEOs of the five other largest banks in the U.S., testified before the Senate Banking Committee on Wednesday, May 26. A focus was overdraft fees, which banks continued to charge during the pandemic despite additional flexibility from regulators.
Read MorePayPal’s head of blockchain and crypto, Jose Fernandez da Ponte, announced that Paypal and Venmo users will be able to send bitcoin and other cryptocurrencies to one another and to other apps.
Read MoreHSBC, a global bank with nearly $3T in assets, has decided not to offer bitcoin-related products and services to clients, bucking the trend of other large banks and traditional financial companies that are warming to digital assets, including JPMorgan Chase and Wells Fargo.
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.
