Tagged: us

Digital Asset Trading Platforms in Chicago Establish Decentralized Finance Alliance to Work Closely on Open Finance Projects

A group of Chicago-headquartered digital asset trading platforms are planning to work cooperatively, in order to connect more closely with Open Finance, or decentralized finance (DeFi) initiatives. Volt Capital, Jump Trading, CMT Trading and DRW Trading have established the Chicago DeFi Alliance (CDA). As noted… Read More

Pennsylvania-based Fintech KnowLedger to Facilitate Migration of Financial Data for Family Offices

Pennsylvania-headquartered Fintech KnowLedger has confirmed that it will facilitate the migration of financial data for family offices. KnowLedger was recently established by Ryan Kerry, the firm’s co-founder and CEO, after the acquisition of his previous company, Accusource to STP Investment Services. Kerry stated: “If you… Read More

Digital Bank Chime to Test Out New Way to Instantly Send $1,200 in Federal Stimulus Payments to US Customers, Following COVID-19 Outbreak

Chime, one of the largest US-based digital banking startups, is testing out a new way for its customers to instantly receive their $1,200 in federal stimulus checks. The neobank’s clients would be able to receive their cheques weeks before the American government plans to begin… Read More

California-based Payments Firm Stripe Partners with Keap, a CRM Platform, to Offer an Enhanced Customer Experience

California-headquartered Stripe, a leading payments solution provider, has teamed up with Keap, a customer relations management (CRM) platform, in order to provide a better payment experience for customers. Keap confirmed that it has created an integration with Stripe to assist clients with improving their cash… Read More

Detroit-based General Motors Files Patent Application for a Blockchain-based Navigation Map System that Regularly Updates Itself

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

Los Angeles-based Banking Challenger, HMBradley, Launches Digital Banking Platform to Reward Savers

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

NYMBUS to Help US-based Financial Institutions with Effectively Responding to Economic Instability Following Coronavirus Outbreak

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

Digital Banking Startup One Partners with Finaxct, a Software as a Service Solution Provider for Core Banking

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

COVID-19 Response: Square and Venmo’s Parent PayPal are Talking to US Government About Using their Apps to Deliver Stimulus Payments to Americans

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

Coinbase Commerce has Now Processed Over $200 Million in Cryptocurrency Transactions Since Launch

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

COVID-19: US Consumer Sentiment in March 2020 Experienced 4th Largest Monthly Decline in Almost Five Decades

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

US Department of Justice Alleges that President Nicolas Maduro and other Venezuelan Leaders Used Cryptocurrencies to Bypass Political and Economic Sanctions

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

Ripple Donates $200,000 to Tipping Point Emergency Response Fund and Silicon Valley Community Foundation’s COVID-19 Regional Response Fund

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

Fintech OLB Group, a Digital Commerce Solution Provider, Introduces Measures to Help Reduce Spread of Coronavirus

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

Fintech Unicorns are At Greatest Risk During Coronavirus (COVID-19) Outbreak: Report

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

US Department of Homeland Security Says Blockchain Managers Working in Food Distribution are Essential “Critical Infrastructure Workers” During Coronavirus Outbreak

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

California-based Fintech Wealthfront, a Robo-Advisor, is Reportedly Inching Closer to Becoming a Digital Bank

Palo Alto-based Wealthfront, an automated investment service company with over $11.4 billion in assets under management, is reportedly getting closer to becoming a full-service digital bank. Wealthfront already provides most of the bank-like services including insured savings accounts. The “Cash Account” is offered by Wealthfront… Read More

US-based CoinZoom, a FinCEN Regulated Digital Asset Exchange, Officially Launches Crypto Trading Platform and Company Visa Card

US-based CoinZoom, a regulated digital asset exchange, has announced the official launch of its crypto trading platform and its company Visa card. Users will now be able to purchase, sell, and spend a wide range of cryptocurrencies via CoinZoom’s exchange platform. According to a press… Read More

Chase to Shut Down 1,000 Branch Locations to Prevent Further Spread of Coronavirus: Report

Chase, part of JP Morgan Chase – the largest bank in the US with over $2.6 trillion in total assets, is planning to shut down around 1,000 of its physical branch locations in order to prevent the further spread of the coronavirus (COVID-19). On March… Read More

Digital Bank Revolut Appoints New US Chief Executive

Leading digital bank Revolut has been rolling out new features for its digital banking platform. The bank recently introduced new features that allow users to earn cashback or avail special discount offers when they spend. Revolut has also launched a new gold trading service for… Read More

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