DoorDash launches co-branded card with JPMorgan
/
This morning, DoorDash and JPMorgan announced the launch of a co-branded card issued by Mastercard. The card will let users earn benefits both on and off the DoorDash app.
Read More
Fintech News Stories
Hurricane Ian and the future of property insurance
/
Rampant roofing scams have caused a property-insurance crisis in Florida. The industry’s net losses in the state were more than $1B in 2021.
Read MoreA Bezos-backed proptech is on a shopping spree
/
Arrived Homes, a real-estate investment platform that lets users buy shares in rental properties, estimates that it will double its presence in the top 100 fastest-growing cities in the US by the end of the year. The proptech has secured investments from Jeff Bezos’s Bezos Ventures, Marc Benioff’s Time Ventures, as well as the former CEOs of Zillow and Uber.
Read MoreShould we prioritize deflation over jobs?
/
Jerome Powell, Chair of the Federal Reserve, projected the central bank’s rate hitting 4.4% by the end of the year. The Fed predicts the increase will increase unemployment by 1.2 million people.
Read MoreNew bill may solidify desktop appraisal demand
/
Last week, the US House of Representatives passed a bill that would direct the Department of Veterans Affairs to allow for desktop appraisals and waivers of appraisals. The bill has yet to be discussed in the Senate.
Read MoreEmpowering insurance agents with Afficiency
/
In an interview with The Financial Revolutionist, Ryan Toner, EVP of Sales at Afficiency, explains what caused insurtechs to pivot back to agent models, outlines the ways technology can help agents sell to consumers, and describes the future of tech-driven life insurance.
Read MoreCould insurance providers be Peloton’s lifeline?
/
UnitedHealthcare announced that it’s expanded its partnership with Peloton, the fitness platform. The health insurer’s 10 million commercial members can now receive a free yearlong subscription to the Peloton app.
Read MoreThings to know about Boston Fintech Week this year
/
Boston FinTech Week is coming up soon! It runs from September 27 – 29 this year and is once again an in-person event. We asked Sarah Biller, co-founder of FinTech Sandbox (the organization presenting Boston Fintech Week) and Executive Director of Vantage Ventures, to tell us a little about this year’s event.
Read MoreInsurtechs eye, move into nascent markets
/
According to reporting by TechCrunch, a new wave of insurtechs are specializing in niche, burgeoning markets. Boundless Rider, for example, covers motorcycle, e-bike, and power sport vehicle riders; and CoverTree covers manufactured homes.
Read MoreWhat an uptick in home rentals means for proptechs
/
A growing proportion of homeowners are pulling their for-sale homes from the market to rent them instead. The number of delisted homes that never went under contract increased by 58% over the past year.
Read MoreMarcus is in the Fed’s crosshairs
/
Anonymous sources say the Federal Reserve is investigating Marcus, Goldman Sachs’s consumer-banking branch. This follows a probe by the Consumer Financial Protection Bureau (CFPB) last month into Marcus’s credit card practices.
Read MoreCFPB eyes tighter BNPL regulation in new report
/
The Consumer Financial Protection Bureau (CFPB) released a new report to expand "interpretive guidance or rules" related to the BNPL space. The CPFB hopes to align the industry with compliance standards introduced in the Credit Card Accountability and Responsibility Act of 2009.
Read MoreInside the minds of growth investors
/
Beyond SoftBank and its woes, many tech-focused growth investors have seen the value of their portfolios shrink significantly over the past year, raising questions about the soundness of their investment strategies. T Rowe Price’s Global Technology Equity Fund has fallen 45% over the past year; as has Tiger Management by 50%, and Ark Innovation by 55%.
Read MoreSoftBank eyes another Vision Fund
/
Japan-based tech investor SoftBank is reportedly considering another multibillion-dollar startup fund. SoftBank reported a $23B loss in Q2 2022.
Read MoreMaking payments solutions a marketplace with PayQuicker
/
In an interview with The Financial Revolutionist, PayQuicker President Charles Rosenblatt explains the company’s newest offering, details the conditions that gave birth to PayQuicker, and outlines the future of payments and payouts.
Read More
