TFU | January 21-27, 2017

FINRA published a new DLT white paper and requested public comment on DLT-related policy issues; several fintech firms launched the Consumer Financial Data Rights group, aiming to protect consumers’ access to their own financial data; China’s Ant Financial announced its intent to buy U.S.-based money transmitter MoneyGram; JPMorgan and Intuit formed a data-sharing partnership; and the Wall Street Journal profiled Chinese messaging app WeChat in its battle for mobile-internet market share in China.

TFU | January 14-20, 2017

The White House published a white paper outlining its fintech policy objectives; more state regulators and national banking groups expressed concerns to the OCC about its decision to consider granting “fintech charters;” payments and money transfer firm Dwolla raised nearly $7 million in new funding; Bitfury and Credit China Fintech founded a new global blockchain advocacy organization; and Gene Ludwig shared his thoughts on AI and the future of finance in a podcast interview with Arthur Levitt.

TFU | January 7-13, 2017

Senators Sherrod Brown and Jeff Merkley questioned the OCC’s authority to consider national bank charter applications from fintech firms; both DTCC and SWIFT are developing new blockchain initiatives; China’s state-backed banks are joining Alipay and Tencent in the battle for Chinese digital payments market share; and Funding Circle announced it secured $100 million in new equity funding.