Tagged: us

October 16, 2023 @ 7:17 pm By Omar Faridi  |  

Home values took an uncharacteristic step down in September, albeit a small one, according to the latest Zillow (NASDAQ: Z and ZG) market report. Competition is easing faster than normal this fall “as buyers contend with the highest mortgage rates in more than 22 years.”… Read More

October 16, 2023 @ 8:16 am By Omar Faridi  |  

CoinList, the crypto launchpad and exchange that provides access to  established crypto assets, has launched a family of staking funds that “allow U.S. accredited investors to earn rewards through investment in a fund whose strategy is to stake digital assets.” At launch, the funds will… Read More

October 15, 2023 @ 9:45 pm By Omar Faridi  |  

SoFi (NASDAQ:SOFI), the all-in-one digital personal finance company, announced SoFi Invest will offer a 1% match on all eligible IRA (individual retirement account) contributions. This comes as a new survey also out from SoFi “unveils American’s top financial ambitions including: creating or sustaining generational wealth,… Read More

October 14, 2023 @ 6:05 pm By Omar Faridi  |  

US Consumer Price Index (CPI) data published Thursday supports the case that the Federal Reserve will likely “implement one more interest rate hike,” says the CEO of one of a financial advisory, asset management and fintech organization. The prediction from Nigel Green of deVere Group… Read More

October 14, 2023 @ 6:03 pm By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress that generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, “such as charging excessive fees, for basic information about their own accounts.” Under a 2010… Read More

October 13, 2023 @ 6:01 pm By Omar Faridi  |  

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, published Guideline.01: Operational Considerations for Instant Payments Receive-Side Primer in its Faster Payments Knowledge Center. The FPC Operational Considerations for Instant & Immediate Payments Work… Read More

October 13, 2023 @ 5:01 pm By Omar Faridi  |  

Wells Fargo & Company (NYSE: WFC) announced the expanded availability of LifeSync, a personalized digital approach to aligning customers’ goals with their money, to all consumer customers. Available in the Wells Fargo Mobile app, LifeSync launched to all Wealth & Investment Management (WIM) clients earlier… Read More

October 13, 2023 @ 8:51 am By Omar Faridi  |  

Revolut, the global financial super app provider with more than 35 million clients  worldwide and nearly 1 million in the United States, is reportedly expanding its presence and moving into new office locations off Wall Street. Europe’s highest-valued Fintech company, at around $33 billion, reveals… Read More

October 11, 2023 @ 10:28 pm By Omar Faridi  |  

Small business loan approval percentages at big banks ($10 billion+ in assets) fell again, dropping from 13.2% in August to 13.1% in September, according to the latest Biz2Credit Small Business Lending Index. Big bank lending to small businesses “has dipped every month since June 2022.”… Read More

October 11, 2023 @ 9:29 am By Omar Faridi  |  

Digital bank Revolut has introduced the updated version of its app — Revolut 10 — for its 35 million+ international clients. Revolut noted that clients had asked for all things money made easy, so they challenged themselves to see how easy they could make Revolut… Read More

October 10, 2023 @ 5:44 pm By Omar Faridi  |  

Point Predictive, the firm focused on AI-powered fraud solutions for the auto lending industry, has joined forces with Metro Jobber’s, Inc., a wholesale automotive distributor, to tackle the growing issue of auto loan fraud in the Detroit Metropolitan area. This strategic partnership is set “to… Read More

October 9, 2023 @ 5:43 pm By Omar Faridi  |  

TRM Labs is pleased to announce the appointment of Ethan Bronstein and LC Cook to leadership roles on the US sales team. Ethan Bronstein joins TRM Labs “as VP National Security Sales and LC Cook joins the company as VP Civilian Sales.” These strategic new… Read More

October 9, 2023 @ 10:09 am By Omar Faridi  |  

The crypto ecosystem faced significant challenges this year, the team at Gemini noted in a recent update. Despite the various headwinds, talented individuals across all our teams “have continued to build every day during the bear market,” Gemini claims. As they mark Gemini’s 8th anniversary,… Read More

October 8, 2023 @ 2:23 pm By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: FinTech US – Q3 2023. The report, based on Tracxn’s extensive database, provides insights into the US FinTech space. The US Fintech sector continues to be the highest-funded Fintech startup ecosystem “on… Read More

October 4, 2023 @ 9:16 pm By Omar Faridi  |  

Splitero, the financial technology company that provides homeowners better options to access their home equity, announced the launch of its new real estate brokerage and affiliate company, Splitero Homes. As a home equity partner, Splitero has a vested interest in helping homeowners get the best… Read More

October 4, 2023 @ 7:32 pm By Omar Faridi  |  

Bitcoin gained in September while many traditional assets “suffered meaningful losses, underscoring crypto’s diversification properties,” according to an update shared by Grayscale. The pressure on global markets “seemed to stem from rising government bond yields and higher oil prices,” the report from Grayscale noted. As… Read More

October 4, 2023 @ 2:17 pm By Omar Faridi  |  

Six months into 2023, private real estate was still “weathering ongoing macroeconomic headwinds,” according to an update shared by Pitchbook. In the US, the federal funds rate “has steadily increased since March 2022, hovering within a range of 5.0% and 5.25% as of the end… Read More

October 4, 2023 @ 7:50 am By Omar Faridi  |  

US District Judge Analisa Torres has rejected the US Securities and Exchange Commission’s (SEC) to appeal part of the judge’s decision in its lawsuit against enterprise blockchain firm Ripple Labs regarding the sales of XRP. Judge Torres determined in July 2023 that a part of… Read More

October 3, 2023 @ 8:18 am By Omar Faridi  |  

Recent US government quagmire and treasure prices have reportedly helped with fueling inflows of $21 million, according to an update from digital asset firm CoinShares (Nasdaq Stockholm: CS) CoinShares reports that digital asset investment products “saw inflows last week for the first time in 6… Read More

October 3, 2023 @ 6:22 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, today announced the appointment of Brian Steele as Managing Director, President, Clearing & Securities Services, “effective October 2, 2023.” Steele will join the DTCC Management Committee, Management Risk Committee and the Investment Management Committee…. Read More