Fintechs have shifted their work cultures as a result of the pandemic. Some companies are offering hybrid work models, while others are letting employees decide what format suits them best.
Read MoreA recent survey of 2,000 U.K. consumers conducted by Opinium on behalf of Barclays found that more than a third don’t fully understand the consequences of missing ‘buy now, pay later’ (BNPL) repayments, and 52% are unaware that “unregulated BNPL providers” don’t have to carry out “robust affordability checks.”
Read MoreGen Z consumers have garnered considerable recent attention as incumbents and newer platforms launch offerings to cater to this market
Read MoreFidelity earlier this month launched a spot bitcoin exchange-traded fund (ETF) offering in Canada, a product which differs from bitcoin-linked ETFs currently approved in the U.S., which are bitcoin futures-based ETFs.
Read MoreBanking and investing app Stash is reportedly working on introducing crypto into its smart portfolios, but the company did not offer a specific launch date.
Read MoreConsumer Financial Protection Bureau (CFPB) Director Rohit Chopra said the regulator plans to enhance its scrutiny of banks that are “heavily dependent” on overdraft fees, hinting at enforcement actions that could follow.
Read MoreIn a not-so-subtle nod to crypto and blockchain, payments company Square, which is led by Twitter co-founder Jack Dorsey, changed its corporate name to Block this week.
Read MoreBetter.com, a New York-based digital mortgage lender, is laying off roughly 9% of its 10,000 staff ahead of its public launch.
Read MoreCapital One announced that it’s removing overdraft fees, and the $150M in annual revenue that goes along with it. The bank is also getting rid of non-sufficient fund (NSF) fees.
Read MorePayments executive David Marcus, a co-creator of Meta’s yet-to-be-launched Diem cryptocurrency, announced he is leaving the company at the end of the year.
Read MoreNubank, the Berkshire Hathaway-backed digital banking behemoth based in Brazil, cut the targeted price range for its planned IPO by about 18% this week.
Read MoreJack Dorsey announced he’s stepping down from his role as CEO of Twitter, but the move may allow for a sharper focus on Square, the payments company where he will remain CEO.
Read MoreKlarna, the $46B Swedish company whose toolset allows retailers to offer ‘buy now, pay later’ (BNPL) capabilities, reported a $344M loss from January to September.
Read MoreBitcoin’s value appears to be following the trajectory of the broader market in response to news of the new Omicron coronavirus variant.
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.
