International money-transfer firm MoneyGram has entered into an agreement with blockchain network Stellar to support instant money transfers using the USD Coin (USDC) stablecoin.
Read MoreSecurities and Exchange Commission (SEC) chair Gary Gensler told the House Financial Services Committee this week that the SEC would not follow China’s lead and ban cryptocurrencies.
Read MoreBank of America announced that Life Plan – a digital financial planning tool it launched a year ago – has crossed five million users, calling it the company’s “most rapidly adopted digital feature of all time.”
Read MoreThe U.S. Postal Service is launching a pilot program in four cities in an effort to deliver financial services to underserved Americans.
Read MoreStarling Bank, a U.K.-based digital bank, says it will launch a technology offering called “Starling-as-a-Service” for European clients next year.
Read MoreU.K.-based digital bank Monzo pulled its U.S. bank charter application after it was told by regulators it wasn’t likely to be approved.
Read MoreGoogle, which had planned to launch bank accounts under the Plex brand, announced it was abandoning the initiative in favor of “digital enablement for banks and other financial services providers.”
Read MoreActivity on stock trading app Robinhood plunged during the third quarter of this year, a development that may be connected to the end of the meme stock fad.
Read MoreSquare, a company that focuses on payments and banking for businesses, announced an integration with social media platform TikTok, allowing sellers on the Square platform to reach more customers.
Read MoreLast week, MoneyLion, a digital challenger bank, merged with a special purpose acquisition company (SPAC) and began trading on the New York Stock Exchange.
Read MoreRevolut, a U.K.-based challenger bank with a global footprint, is reportedly planning to launch a crypto token, subject to approval from the U.K.’s Financial Conduct Authority (FCA).
Read MoreMastercard is jumping on the ‘buy now, pay later’ (BNPL) train by offering banks and fintechs capabilities to offer these solutions.
Read MoreThe Points Guy, a lifestyle and travel media company owned by Red Ventures, is launching an app that allows users to track all of their airline, hotel and credit card points in one place in an effort to maximize earning potential.
Read MoreTwitter is adding to the menu of ways for users to reward their favorite content creators. The social media giant is rolling out Bitcoin tips, a move the company says will offer creators more ways to get paid.
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.
