Monzo, a longtime cool kid in the U.K. challenger bank club, is looking to get out of a Covid-related slump, reporting £114.8M (around $159M) in pre-tax losses last year.
Read MorePayments fintech Square this weekend said it plans to acquire ‘buy now, pay later’ (BNPL) firm Afterpay in a $29B all-stock deal, allowing it to enhance its relationships with sellers and consumers.
Read MoreIRA provider Choice and Compass Mining have rolled out a solution whereby clients can buy Bitcoin mining machines through individual retirement accounts (IRAs).
Read MoreIn an eleventh hour announcement, brokerage platform Robinhood, which is set to begin trading on the Nasdaq this week, has disclosed that it’s under investigation by regulators again.
Read MoreM1 Finance, a Chicago-based financial app that includes investing, lending, and banking, launched an Owner’s Rewards Card that offers up to 10% cash back for users when they shop at select companies whose stock they own.
Read MoreCurrent, a New York-based digital banking fintech, announced that it’s partnering with The Bancorp Bank to offer an “enhanced suite of services across its entire product line, including its basic, premium and teen accounts.”
Read MoreThe Society for Worldwide Interbank Financial Telecommunication (SWIFT) – a cross-border payment network owned by a consortium of global banks – launched a low-value cross-border payment solution called SWIFT Go.
Read MoreZip, an Australia-based ‘buy now, pay later’ (BNPL) firm, is on course to launch crypto trading to its Australian customers and U.S. users. Zip acquired U.S.-based Quadpay last year in a bid to expand its North American footprint.
Read MoreTether, a prominent stablecoin operator, is reportedly under criminal investigation over prior actions from its early days, including whether or not the company concealed from banks that transactions were linked to crypto.
Read MoreIn its second acquisition of the year, Visa will acquire Currencycloud in a deal valued at $963M.
Read MoreFidelity Investments, one of the nation’s biggest stock plan administrators, is tapping the toolset of Shoobx – an equity management company – on an equity management solution for private companies of all stages.
Read MorePeer-to-peer payments app Venmo, which has been known for the “social feed” component of the app that features the payment behaviors of strangers, is getting rid of the feature in its latest app update.
Read MoreSquare, a company that has long been associated with nifty card readers, just took a leap into a broader financial services product potpourri with its latest rollout of banking products.
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.
