The IMF’s Christine Lagarde hosted a panel discussion on “Payments in the Digital Age” at the IMF’s Spring Meetings held this week in Washington, DC. A video of the panel is provided by CNBC international TV and can be viewed here. Panelists included the ECB’s… Read More
The CEO of Goldman Sachs, Lloyd Blankfield, told an audience at the Economic Club of New York recently that he does not side with other powerful bankers who have dismissed Bitcoin; “I’m not in this school of saying… because it’s uncomfortable with me, because it’s… Read More
Oh the irony. JPMorgan Chase CEO Jamie Dimon has been widely reported as bashing Bitcoin and cryptocurrency in general. Speaking at CNBC‘s Delivering Alpha conference, Dimon was asked a direct question as to his belief that Bitcoin was a fraud. Dimon separated Blockchain (Distributed Ledger… Read More
On Monday, online lender OnDeck released its second quarter 2017 financial results, which revealed a significant narrow quarterly loss along with providing an update regarding the lender’s ongoing $45 million cost rationalization plan, and reaffirmed it is on track to achieve GAAP profitability by the end of 2017…. Read More
Does “Can you Zelle me the payment?” have the same ring to “You can just Venmo me?” A company knows that it has made it when people turn its name into a verb, as Venmo and Uber (despite its bad press these past few weeks)… Read More
On Wednesday, the Center for Financial Services Innovation (CFSI) announced it has partnered with JPMorgan Chase to launch a virtual fintech lab, the Financial Solutions Lab (FinLab), as a way to help the financial health of overlooked populations, which includes low-income women, aging and disabled populations. This… Read More
StreetShares, an online lender providing access to capital for SMEs, announced this week its new self-titled foundation announced its Veterans Small Business Awards. The organization teamed up with JP Morgan Chase to provide up to $10,000 each month to vets who own a business. StreetShares revealed… Read More
Last week, JPMorgan Chase & Co. (NYSE: JPM) announced it has made an equity investment in California fintech firm, InvestCloud. The banking giant also confirmed it has formed a strategic partnership with InvestCloud to accelerate its development of brand new digital capabilities for individual investors… Read More
“Silicon Valley is coming. There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking.” This warning came not from a pundit or Silicon Valley lobbyist, but from Jamie Dimon, the Chairman and Chief Executive Officer… Read More
Wheely cool! Wheely good time! If memory serves correctly, I do not recall a Ferris Wheel in the city excepting during the summer/early fall in Central Park and, naturally, on Coney Island. This absence will change when the $500M New York Wheel project led by North… Read More
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