TFU | Jan. 13 – 19

Leading Off Former CFTC Chairman Chris Giancarlo launched the Digital Dollar Foundation to help create a U.S. government-backed digital currency; Visa announced that it will acquire Plaid for $5.3B; Revolut is reportedly nearing a new funding round at a $5B valuation; and Ant Financial announced it will host a “massive” fintech conference in Shanghai in…

TFU | Jan. 6 – 12

The SEC found new evidence against Telegram in its ongoing investigation of the firm’s ICO; the White House released new principles to guide regulation of AI in the private sector; China’s central bank passed another hurdle on its way to issuing a ‘digital yuan’ token; Travelex was hacked, exposing customers’ personal financial data and leading to a $6M ransom; Tencent and China UnionPay are working to integrate their mobile payments systems; and HighRadius raised $125M at a valuation greater than $1B.

TFU | Dec. 23 – Jan. 5

Dear readers, Welcome back and Happy New Year! We hope you had an enjoyable holiday season. We’re looking forward to continuing to share the latest developments in fintech with you in 2020. Best, Team TFU Leading Off The NYDFS is exploring how regtech solutions can improve its effectiveness and efficiency; Switzerland’s finance minister said the…

TFU | Dec. 16 – 22

Final Update for 2019, returning 1/6/2020 Dear readers, this will be our final edition of the year decade! Thank you, as always, for your continued interest and support of this newsletter, and we look forward to another great year ahead. Warmest wishes to all for a happy and healthy holiday season—and see you again in…

The Big Idea | Stablecoins (Dec. 22, 2019)

As we count down the remaining days of 2019, we wanted to lead off our final letter of the year with a deeper look at one of its biggest fintech trends: stablecoins. So, what’s the Big Idea with stablecoins? A “stablecoin” is a cryptocurrency that’s pegged to some underlying asset, whether it’s a sovereign currency…

TFU | Dec. 9 – 15

PayPal sued the CFPB regarding its prepaid card rule; Goldman is planning to launch a small-investment digital wealth management service; PNC blocked data aggregators from using its customers’ data; newly revealed documents showed that, for years, the FBI has secretly demanded consumer information from credit agencies; and Robinhood rolled out fractional share trading.