TFU | July 9-15

Citizens Financial launched a new digital bank; IBM is building a blockchain-based corporate filing system for Delaware; former CFPB deputy director Raj Date launched a new consulting firm for fintech regulatory issues; a16z’s new crypto venture fund  made its first investment; and Uber will begin allowing users to pay for rides using Venmo.

TFU | July 2-8

Square withdrew its ILC application to the FDIC; SIX is building an end-to-end DLT platform to manage trading and settlement; the FCA welcomed new firms into its regulatory sandbox; PayPal completed the multi-billion dollar sale of its consumer credit portfolio; and the EBA published new fintech reports.

TFU | June 25 – July 1

The U.S. Supreme Court backed American Express in an antitrust case; California passed a stringent new privacy law; Andreessen Horowitz launched a cryptocurrency fund; JP Morgan took its mobile-only bank, Finn, nationwide; Facebook reversed its decision to ban all cryptocurrency ads; and Ant Financial launched a cross-border remittance service.