The international payments network, in partnership with Capgemini, a French IT services company, is testing how to interlink domestic Central Bank Digital Currencies (CBDCs) for international payments.
Read MoreIn an op-ed for MIT Technology Review, Lana Swartz, who studies the history and future of money at the University of Virginia, reflects on monetary tools that serve public interests. Cash, she argues, is the best financial technology for community and individual autonomy.
Read MoreThe Indian hotel proptech is pushing back plans for a public launch due to volatile market conditions. Oyo had previously fired thousands of employees at the start of the Covid-19 pandemic.
Read MoreIn an interview with The Financial Revolutionist, Danielle Kane, Director of Small Business Banking at Grasshopper Bank, explains the bank’s lean partnership model, describes how small businesses can operate like consumers, and hints at the bank’s long-term goals.
Read MoreThe cryptocurrency exchange announced that select users in the U.S. have access to commission-free trading for hundreds of exchange-listed securities, including both stocks and ETFs.
Read MorePlaid announced that it’s launching products that offer identity verification, which hopes to make account linking and identity verification a simultaneous process. The company is also moving into ACH payments.
Read MoreAlex de Vries, a data scientist at the Dutch Central Bank, said the crypto sector’s $1T loss in the past few months may have slowed the growth of data mining, but it hasn’t decreased it. He estimated that, respectively, Bitcoin and Ether use as much electricity as Thailand and Kazakhstan.
Read MoreLast week, the real estate listing giant said it would display the risk of a home being damaged in a wildfire over the next thirty years in its listings. The data comes from the First Street Foundation as well as the U.S. Forest Service.
Read MoreAlly Financial announced the launch of a new wealth management offering, which provides access to human advisors, rather than robo advisors, for clients with more than $100,000 in investable assets.
Read MoreIn a 2-1 decision, the U.S. Court of Appeals for the Fifth Circuit ruled that the SEC’s use of an administrative judge violated a defendant’s seventh amendment right to a jury trial. Judge Elrod, who was appointed to the court by President George W. Bush, wrote the majority opinion.
Read MoreIn an interview with The Financial Revolutionist, Federico Baradello, Founder and CEO of Finalis, dives into his company’s mission, outlines how compliance can be a strategy for growth, and encourages other entrepreneurs to find “unsexy” but promising niches to disrupt.
Read MoreThe Consumer Finance Protection Bureau (CFPB) said on Monday that it will start distributing Consumer Finance Protection cyclicals to other agencies and enforcers. The CFPB hopes the documentation can create more consistent consumer finance enforcement across the U.S. regulatory landscape.
Read MoreReporting by Quartz suggests that Mayor Francis Suarez of Miami may have “tripped” regulatory wires during interviews in support of MiamiCoin. The cryptocurrency is a city-specific virtual currency created by CityCoins, and is designed to provide free money to cities.
Read MoreThe payments giant announced the launch of its Biometric Checkout Program, which lets customers pay by smiling or waving their hand over a reader. It will first be used at five supermarkets in Brazil as a pilot program.
Read MoreAn unsealed memorandum opinion by Magistrate Judge Zia Faruqui of the U.S. District Court in Washington, D.C., states that virtual currencies are subject to sanctions laws, just like fiat currencies.
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.
