As neobanks replace the community banks of yesteryear as financial providers for affinity groups – including, for example, immigrants, LGBT consumers, and African Americans – Stretch is looking to zero in on the financial needs of the around 600,000 individuals in the U.S. who have been released from state and federal prisons every year.
Read MoreEthereum, the world’s second-largest digital coin, grew in value more than 4% to more than $4,700 Monday, an all-time high.
Read MoreTrading app Robinhood – which earlier this year faced scrutiny over its GameStop trading halt – is now reeling from the consequences of a data breach that exposed the names or email addresses of more than seven million people.
Read MoreApple CEO Tim Cook told an audience at the New York Times Dealbook Summit this week that the company has no immediate plans to allow crypto payments through Apple Pay.
Read MorePayments firm Square, which reported third-quarter earnings on Thursday, showed declining revenue from bitcoin transactions, although gross profit increased 43% to $1.13B
Read MoreDigital banking fintech Revolut is looking for a tech lead to build a crypto exchange, according to a recent job posting on LinkedIn.
Read MoreStarling Bank, one of the U.K.’s biggest challenger banks with millions of customers, is on a trajectory to go public in one or two years, CEO Anne Boden said.
Read MoreDigital real estate company Zillow is pulling the plug on its digital home-flipping operation called Zillow Offers, a unit which caused the company to lose more than $380M, according to a third-quarter earnings report.
Read MoreAs the United Nations Climate Change Conference (COP 26) begins in Glasgow, a crypto trade group called Global Digital Finance is lobbying for more concrete parameters on how to measure the environmental impact of digital assets.
Read MorePatreon, a subscription platform that allows fans to pay content creators, is considering adding non-fiat payments – including crypto payments – to grow revenue.
Read MoreValkyrie Investments, a company that describes itself as a specialized alternative asset management firm “at the intersection of traditional finance and the emerging cryptocurrency sector” has filed with the Securities and Exchange Commission (SEC) for a leveraged bitcoin exchange-traded fund (ETF).
Read MoreThe U.S. Justice Department is probing Visa’s relationships with fintech firms as part of a bigger antitrust investigation of the company, a new report suggests.
Read MoreStripe, a company whose tools allow merchants to accept payments, is partnering with ‘buy now, pay later’ (BNPL) firm Klarna in an effort to enhance offerings for client merchants.
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.
