What’s behind JPMorgan’s fintech fight?
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In its earnings call on Friday, JPMorgan announced that it will spend $1B per month in 2022 to move its operations to the cloud.
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Fintech News Stories
Are delivery apps becoming banks?
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German food-delivery platform Delivery Hero announced plans to offer buy-now-pay-later services to its customers. The company also said that it may provide financing to vendors through partnerships with banks.
Read MoreThrough Stripe, Ford zooms ahead on fintech
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Payment-processing platform Stripe announced a five-year contract with Ford Motor Company: an effort to revamp the automotive giant’s e-commerce strategy.
Read MoreCrypto exchanges look into equities trading
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Brett Harrison, President of FTX US, said new trading features could be rolled out within two months; Bitstamp did not provide a tentative timeline.
Read MoreVisa, ConsenSys eye central bank digital currencies
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Visa has partnered with blockchain technology company ConsenSys to let central bank digital currencies (CBDCs) expand through existing financial networks.
Read MoreDorsey to establish legal defense fund for Bitcoin developers
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Jack Dorsey, CEO of Block (a.k.a. Square) and former head of Twitter, will sit on the Bitcoin Legal Defense Fund’s board. The group is set to cover defendants’ legal fees in the “Tulip Trading” lawsuit.
Read MoreTransUnion may bring credit checks to crypto lending
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Through Spring Labs’ ky0x Digital Passport, U.S. credit reporting firm TransUnion will let customers share their credit history with companies operating on the blockchain.
Read MoreThe metaverse’s battle royale for tech talent
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Over the past year, more than 40 Microsoft employees working on augmented-reality technologies have been poached by Meta, which has poured billions into metaverse initiatives.
Read MoreWhat’s next for Brex?
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Fintech behemoth Brex raised $300M in a Series D-2 round, earning a valuation of $12.3B. The company also named Karandeep Anand as its CPO.
Read MoreWith varying results, U.S. politicians offer NFTs to campaign donors
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Democrat Shrina Kurani of California and Republican Blake Masters of Arizona have offered NFTs as incentives for campaign donors.
Read MorePayPal may mint stablecoin, putting pressure on feds
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The payments giant confirmed on Friday that it’s looking to develop a stablecoin, a kind of cryptocurrency backed by the U.S. dollar.
Read MoreIs Anchorage Digital the gateway for a Web3 boom
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Crypto bank Anchorage secured $350M in Series D funding at a $3B valuation. Led by KKR, the latest round brings large institutions like Goldman Sachs and BlackRock on board for strategic growth.
Read MoreCoinMarketCap, Coinbase list Bitcoin in the billions, bringing panic (and some trolling)
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Due to a technical glitch, data provider CoinMarketCap and crypto trading site Coinbase wildly overinflated cryptocurrency values, listing Bitcoin as high as $789B.
Read MoreData will be critical to the progress of sustainable and inclusive finance
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The movement toward a financial system that is both sustainable and inclusive is a result of a societal shift in philosophy and awareness about what we value, and a desire to do something about it.
Read MoreAbu Dhabi Securities Exchange and Tel Aviv Stock Exchange sign MOU
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The Abu Dhabi Securities Exchange (ADX) and Tel Aviv Stock Exchange have signed a Memorandum of Understanding, creating a framework for financial industry and technology collaborations.
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