Hi! It’s Monday, June 29, 2020. Did you know that on this day 13 years ago, the Apple iPhone (1st generation) was released?? Leading Off Mastercard acquired open banking API platform Finicity for up to $1 billion. // The Brazilian central bank suspended WhatsApp’s mobile payments service only a week after it launched in the […]
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 […]
The NYDFS requested coronavirus contingency plans from its regulated crypto entities; Robinhood faced another service outage, its third in two weeks; Sesame Credit rolled out a new digital bank offering; the Bank of England published a report on how central bank digital currencies; Standard Chartered unveiled a new Hong Kong-based virtual bank; Revolut is rolling out gold trading through its app; the UK’s new budget includes a ‘major review’ of its fintech sector; and Ant is planning a major expansion of its reach and services.
Leading Off Robinhood experienced severe system outages; Ant Financial took a minority stake in Klarna; the European Systemic Risk Board warned of the systemic risk of cyber threats in a new report; Starling is applying for an Irish banking license as it aims to expand in Europe; and South Korea passed legislation on crypto regulation. […]
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 […]
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 […]