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Weekly Update

TFU | May 11 – May 17

Dear readers, The Fintech Update will be off next week for Memorial Day in the U.S. and the Spring bank holiday in the UK. We wish you and your families the best for a safe and relaxing long weekend and a great week ahead. Thanks and take care, The Fintech Update team Leading Off OCC […]

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Weekly Update

TFU | May 4 – May 10

Leading Off The FDIC issued a statement addressing the use of cloud computing services in the financial services sector; Libra hired Stuart Levey, HSBC’s Chief Legal Officer as its CEO; Samsung partnered with SoFi to launch a debit card; Zoom acquired encryption firm Keybase to bolster the security of its product; Robinhood raised $280M in […]

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Weekly Update

TFU | Apr. 27 – May 3

Leading Off WhatsApp is exploring offering credit products in India; Stash raised $112M despite the market turndown; Telegram postponed the launch of its TON blockchain for a second time due to regulatory pressure; the FCA delayed implementation of the EU’s enhanced identity rules for payments by six months; and FIS announced a $150M fintech venture […]

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Weekly Update

TFU | Apr. 20 – 26

Leading Off LendingClub laid off 30% of its workforce; Facebook acquired a $5.7B minority stake in Indian conglomerate Reliance Industries’ technology and telecoms arm; American multinationals are pilot testing China’s central bank digital currency; Monzo applied for a U.S. banking license; and Alibaba announced a major investment in cloud infrastructure.   In the News LendingClub […]

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Weekly Update

TFU | Apr. 6 – 19

Leading Off PayPal, Intuit, and Square were approved to disburse emergency small business loans under the coronavirus Paycheck Protection Program; Google is reportedly developing a debit card; Libra reapplied for regulatory approval in Switzerland, presenting a “scaled back” version of its proposed cryptocurrency; the FSB outlined new guidance for global regulation of stablecoins; Ant Financial […]

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Weekly Update

TFU | Mar. 30 – Apr. 5

Hi all, The Fintech Update will be off next week in observance of the Easter and Passover holidays. We hope you and your families are doing well and staying safe amid the ongoing disruptions caused by Covid-19, and we wish you all the best for happy and healthy weeks ahead. Take care, The Fintech Update […]