Tagged: united states

April 4, 2020 @ 4:21 pm By Omar Faridi  |  

Detroit-based General Motors (GM), a multinational corporation that manufactures vehicles and vehicle parts, and sells financial services, has filed a patent application for a navigation map system that regularly updates itself. The system will use blockchain or distributed ledger technology (DLT) to gather data from… Read More

April 3, 2020 @ 3:57 pm By Samantha Hurst  |  

The U.S. Federal Bureau of Investigation (FBI) reportedly arrested Russian rapper Maxim Boyko for cryptocurrency laundering. According to the Moscow Times, Boyok was arrested at a Miami condo this past weekend. The Affidavit submitted to support Boyko’s arrest revealed that the rapper “knowingly and intentionally conspire… Read More

April 2, 2020 @ 12:44 am By Omar Faridi  |  

Los Angeles-headquartered banking challenger, HMBradley, has launched its own digital banking platform, which has been developed to reward savers. The bank’s clients who had been on the HMBradley waitlist will now be able to open a bank account and set up direct deposits. Users will… Read More

April 1, 2020 @ 2:53 pm By Samantha Hurst  |  

U.S.-based fintech Dwolla announced on Tuesday it has appointed former PayScape President, Brady Harris, as its new CEO. According to Dwolla, Harris brings nearly 20 years of leadership in the payments and fintech space. Dwolla claims that during his time at PayScape, Harris had a… Read More

April 1, 2020 @ 2:40 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it is planning to hire up to 200 full-time small business loan agents to help meet the demand for emergency capital during the COVID-19. Lendio reported that with the recent passing of the CARES Act and the inclusions… Read More

April 1, 2020 @ 10:56 am By Samantha Hurst  |  

Tavant, a U.S.-based AI-powered digital technologies provider, announced on Wednesday the launch of its new proptech business. Tavant claims that the platform implifies the home shopping and buying process and the company has leveraged its years of experience in Fintech, Digital Transformation, AI and Machine… Read More

March 31, 2020 @ 10:23 pm By Omar Faridi  |  

NYMBUS is planning to help US-based financial institutions with effectively responding to the economic instability resulting from the Coronavirus (COVID-19) outbreak. NYMBUS is a core banking modernization firm. It helps financial service providers with their digital transformation strategies. The company is offering a new program… Read More

March 31, 2020 @ 10:36 am By Omar Faridi  |  

One, a digital banking startup that aims to provide financial services mainly intended for middle class workers, has chosen Finxact, which is a leading software-as-a-service (SaaS)-based core banking solution. Established by Bill Harris, the former CEO at PayPal and Intuit, One will use Finaxct to… Read More

March 31, 2020 @ 7:58 am By Omar Faridi  |  

Payments company Square (NYSE:SQ) and Venmo’s parent firm PayPal (NASDAQ:PYPL) are reportedly holding discussions with the US government about potentially using their applications to provide much-needed stimulus payments to American citizens, following the global Coronavirus (COVID-19) outbreak. The new service being proposed by Square and… Read More

March 30, 2020 @ 11:42 pm By Omar Faridi  |  

Coinbase Commerce platform, which processes retail payments for merchants, has now handled over $200 million in total transactions during a two-year timeframe (since launch). As noted on Coinbase Commerce’s official website, the platform can accept and process major cryptocurrencies (within minutes), including Bitcoin (BTC), Bitcoin… Read More

March 30, 2020 @ 4:53 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Monday the launch of Biz2X Accelerate SBA, a platform that enables banks and other financial institutions to efficiently respond to the influx of loan requests from small businesses seeking to take advantage of the Paycheck Protection Program (PPP)… Read More

March 30, 2020 @ 7:52 am By Omar Faridi  |  

The Michigan Consumer Sentiment Index (MSCI), a monthly telephonic survey that aims to capture and assess the sentiment of US-based consumers, recorded the fourth-biggest monthly decline in almost five decades driven by the Coronavirus (COVID-19) pandemic. The MSCI is used by investors as a way… Read More

March 29, 2020 @ 3:38 pm By Omar Faridi  |  

The US Department of Justice (DOJ) is alleging that several Venezuelan leaders and politicians, including President Nicolas Maduro, took advantage of their positions, financial systems, and virtual currencies to conceal and carry out criminal activity for more than two decades. An indictment released on March… Read More

March 27, 2020 @ 11:02 am By Omar Faridi  |  

San Francisco-based Fintech Ripple has announced that it will be donating $200,000 to two different non-profit entities. The donations have been made to help combat and prevent the further spread of the deadly and highly contagious coronavirus (COVID-19). There are now over 532,000 reported coronavirus… Read More

March 25, 2020 @ 9:51 pm By Omar Faridi  |  

New York-based Fintech OLB Group, a digital commerce solution provider that offers outsourced private label shopping solutions to large websites and retail outlets, has introduced measures and initiatives to help reduce their risks and to ensure stakeholder protection as the coronavirus (COVID-19) outbreak continues to… Read More

March 25, 2020 @ 2:59 pm By Samantha Hurst  |  

FinFit, a U.S.-based fintech that provides more than 80,000 American companies with a financial wellness benefit platform, announced on Wednesday it is now offering its services for free to any employer that wants to offer financial wellness resources for their employees during the COVID-19 outbreak. … Read More

March 24, 2020 @ 5:47 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it has joined companies through the U.S., including Biz2Credit, Credibly, Fundbox, Homebase, Kabbage, Funding Circle, Plaid, LendingTree, and Wisely, to send a letter to the U.S. Senate and House of Representative leaders to approve $500 billion in discretionary… Read More

March 24, 2020 @ 11:39 am By Samantha Hurst  |  

U.S. fintech Brex announced on Tuesday it has acquired three startups to help enhance Brex Security, e-commerce product, and infrastructure. The acquisitions come just weeks after Brex announced the opening of its new and first-ever international office in Vancouver. As previously reported, Brex is seeking… Read More

March 24, 2020 @ 8:02 am By Omar Faridi  |  

Fintech companies have experienced considerable success and a significant increase in their valuations during the past few years. However, public stock prices are now declining rapidly due to the coronavirus (COVID-19) outbreak, and the resulting panic and economic instability. The private Fintech bubble now seems… Read More

March 23, 2020 @ 10:18 am By Omar Faridi  |  

Certain Financial Services Workers Critical as Well The US Department of Homeland Security, a cabinet department of the US federal government tasked with maintaining public security (somewhat comparable to the interior ministries of other nations), has notably included “blockchain managers” in food and agriculture distribution… Read More