Tagged: us

December 10, 2020 @ 9:02 pm By Omar Faridi  |  

Plaid, which is having to deal with a suit in federal court (filed by US Dept of Justice) pertaining to Visa’s (NYSE:V) pending $5.3 billion acquisition of the firm, enables financial technology providers like Chime, Robinhood, and Venmo to gain access to banking data. The… Read More

December 10, 2020 @ 7:43 am By Omar Faridi  |  

Robinhood, a popular trading app that has encouraged a new generation of investors to take part in equity trading, has reportedly hired giant Wall Street investment bank Goldman Sachs to lead the Fintech firm’s IPO. Robinhood Markets will be working with Goldman Sachs (NYSE:GS) in… Read More

December 9, 2020 @ 10:57 pm By Omar Faridi  |  

Fintech firm iCapital is currently working on its global expansion plans. Lawrence Calcano, CEO at iCapital, recently talked about the company’s growth plans, the markets they plan to enter, and how newly hired workers and office locations are part of the firm’s long-term business strategy…. Read More

December 9, 2020 @ 7:54 am By Omar Faridi  |  

  California based Fintech firm Wealthfront announced on December 8, 2020, that banking industry professionals Sheila Bair and Tom Curry are joining the firm’s Banking Advisory Group. The Committee is expected to play a key role in navigating regulatory and partnership efforts as Wealthfront plans… Read More

December 8, 2020 @ 6:20 pm By Omar Faridi  |  

San Francisco-based crypto-asset exchange Coinbase will begin supporting Filecoin (FIL) on Coinbase Pro, the trading platform for professional or experienced traders. The Coinbase team stated in a blog post: “Starting … Monday December 7, [2020,] transfer FIL into your Coinbase Pro account ahead of trading…. Read More

December 4, 2020 @ 7:12 pm By Omar Faridi  |  

Financial advisor Mac Gardner aims to promote Fintech-focused competition so that more consumers are able to interact with financial literacy apps. There’s a new technology-related track in the financial planning curriculum being offered at the University of South Florida. The Fintech Bullpen, a Fintech competition… Read More

December 4, 2020 @ 7:08 pm By Omar Faridi  |  

The Tifin Group, a Boulder-headquartered VC company that focuses on the Fintech sector, has reportedly sold off 55 Institutional Partners LLC, a financial tech firm known as 55ip, to JPMorgan’s asset management unit. 55ip has created tax automation software solutions for investment advisors. The terms… Read More

December 4, 2020 @ 7:51 am By Omar Faridi  |  

We recently connected with Scott Freeman, Co-Founder and Partner at JST Capital, a New York-based financial services firm currently focused on the digital asset market. The partners of JST have spent more than twenty years working in the traditional financial services sector. They’ve now entered… Read More

December 4, 2020 @ 7:42 am By Omar Faridi  |  

The team at Security Token Advisors, which aims to “reinvent” finance with security tokens, reveals that the world’s top 100 banks in terms of assets under management (AUM) are learning how to “reinvent themselves” with blockchain or distributed ledger technology (DLT). The Security Token Advisors… Read More

December 3, 2020 @ 11:22 pm By Omar Faridi  |  

Future Fintech Group Inc. (NASDAQ: FTFT), an established blockchain-enabled, digital commerce firm and a service provider for financial technology, has reportedly appointed Ming Yi as its new Chief Financial Officer (appointment effective as of November 30, 2020). Jing (Veronica) Chen has resigned from her role… Read More

December 3, 2020 @ 10:27 pm By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC), an independent bureau within the US Treasury Department that serves to charter, regulate, and supervise all national banks and several other types of institutions, had introduced a specialized bank charter in 2018 that would not have… Read More

December 3, 2020 @ 9:20 pm By Omar Faridi  |  

San Francisco-based Digit, a financial management and savings company, recently added an automated investing tool to its app. Digit describes itself as a financial wellness expert that has assisted its customers with automatically saving around $5 billion and paying down more than $150 million in… Read More

December 3, 2020 @ 1:41 pm By Omar Faridi  |  

As the digital asset market approaches the end of 2020, Kraken Intelligence (part of US-based crypto exchange Kraken) has carried out its second VIP client sentiment survey for this current year. According to Kraken, the goal of the survey is to assess digital asset market… Read More

December 3, 2020 @ 8:23 am By Omar Faridi  |  

Prominent digital bank Revolut has appointed former Citigroup executive Rebecca Macieira-Kaufmann to its US board of directors. Macieira-Kaufmann has worked at Citigroup as a senior management professional for the past 12 years. She has served as the Head of the bank’s International Personal Bank in… Read More

December 2, 2020 @ 10:17 pm By Omar Faridi  |  

Adam Nash, the former CEO at Wealthfront, a software-based financial advisor, is in the process of launching a new Fintech firm that has acquired an investment from Ribbit Capital, a few angel investors, and Nash’s friends as well. Other investors that took part in the… Read More

December 2, 2020 @ 9:06 pm By Omar Faridi  |  

During the past few weeks, Ari Paul, CIO at BlockTower Capital, and Luke Martin, a prominent digital asset trader, have noted that Bitcoin’s (BTC) upward price movements since late October 2020 have mostly taken place during US market hours. A report from Coin Metrics points… Read More

December 2, 2020 @ 9:46 am By Omar Faridi  |  

Younger investors including Millennials and Gen Z consumers are supporting a change in the idea of paying with credit, and investors might also be able to join this emerging trend in the US markets. Fintech company Affirm Holdings Inc., which lets users split their purchases… Read More

December 1, 2020 @ 7:42 am By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has announced that with the launch of Ethereum 2.0 (a major system-wide update to Ethereum, the world’s second-largest cryptocurrency network), they’re planning to introduce staking rewards for customers. Staking allows users to deposit digital assets on a platform or exchange… Read More

November 28, 2020 @ 5:48 pm By Omar Faridi  |  

Marqeta, a Fintech Unicorn that claims to be the first global modern card-issuing platform, is reportedly working with many startups that are now using Marqeta’s payment card issuance technology. Marqeta is also working closely with Goldman Sachs and J.P. Morgan Chase & Co. as the… Read More

November 28, 2020 @ 4:01 pm By Omar Faridi  |  

The customers of mobile savings app Beam had been complaining that they were able to deposit funds but couldn’t get their money back out. The Fintech also allegedly failed to live up to promised high interest rates. The Federal Trade Commission (FTC ) alleges that… Read More