Pennsylvania-based investment behemoth Vanguard, which is the world’s second-largest asset manager, is buying Just Invest, a 5-year-old startup whose technology helps advisers customize portfolios.
Read MoreDigital banking startup Chime has hired 10 new lawyers this year as industry watchers attempt to read the tea leaves on the company’s possible IPO plans.
Read MoreApple and Goldman Sachs are reportedly developing a service called Apply Pay Later to rival ‘buy now, pay later’ (BNPL) offerings from firms like Affirm and Afterpay.
Read MoreBanks are lobbying the Federal Reserve to set strict parameters for fintechs that want access to services provided by the Fed, including its payments system.
Read MoreLendUp, an online lender aimed at credit-challenged customers, is reportedly shutting down after 9 years.
Read MoreIn a sweeping executive order signed Friday, July 9, President Joe Biden set forth a number of measures aimed at restricting anti-competitive practices.
Read MoreBetter.com, the 5-year-old digital mortgage provider, is acquiring U.K-based digital mortgage broker Trussle Lab in its first overseas expansion move. Terms of the deal were not disclosed.
Read MoreWise, formerly known as TranserWise, made a London stock market debut this week in a direct listing that valued the company at $11B.
Read MoreChime, a fintech company that works with partner banks to offer banking services to its customers, is facing scrutiny over 920 complaints to the Consumer Financial Protection Bureau (CFPB)
Read MoreCircle, a cryptocurrency infrastructure company that claims to allow “businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications,”
Read MoreIn its third fintech acquisition of the year, JPMorgan Chase announced plans to acquire OpenInvest, an Andreessen Horowitz-backed startup founded by former Bridgewater Associates employees.
Read MoreVEEPIO, a startup backed by Philadelphia Eagles owner Jeffrey Lurie and founded by Najee Goode, a former NFL linebacker and Super Bowl champion, and two other former WVU football players, aims to use technology to change how athletes can earn money from their names, images, and likenesses.
Read MoreWalmart, which offers a debit card issued by Green Dot Bank named Walmart MoneyCard, is adding demand deposit account (DDA) capabilities, transforming the Walmart MoneyCard from a prepaid card to a full-suite checking account.
Read MoreA 2018 by Medici report provides anecdotal evidence of a 10% survival rate for bootstrapped fintech startups.
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.
