TFU | Sept. 23-29

The House approved a bill mandating FinCEN to study how blockchain and other technologies could improve its operations; Freddie Mac is working with ZestFinance to test AI-enabled mortgage underwriting software; HSBC implemented an automated AML and sanctions screening system; TransferWise launched a service for U.S. banks to allow their customers to make in-app international transfers; and 85 fintech firms have applied to operate in Mexico under the new Mexican fintech law.

TFU | Sept. 16-22

Libra faced a new round of criticism at the G-7 summit, while maintaining that it will go live in 2020; Wells Fargo partnered with Plaid to allow customer financial data; Deutsche Bank signed on to the JPMorgan-backed IIN; Wells Fargo plans to pilot a stablecoin; and Stripe raised $250M at a $35B valuation.

TFU | Sept. 9-15

The CFPB launched a program to encourage collaboration between state and federal regulators on financial innovation; the London Stock Exchange unanimously rejected the Hong Kong Exchange’s £29.6 billion takeover bid; Switzerland’s financial regulator published new guidance on stablecoins and confirmed that the Libra Association requested an assessment of its Libra coin; Blockstack raised more than $20 million in the first SEC-approved token sale; and Stripe launched a corporate credit card for business customers.

TFU | May 20 – Jun. 2

Kik is crowdfunding money to officially challenge the SEC’s ruling that its Kin token is subject to securities rules; IBM and Maersk expanded their successful blockchain-based TradeLens shipping consortium; Facebook’s GlobalCoin is reportedly set to launch in early 2020; the German Bundesbank was critical of blockchain following a test of its ability to facilitate securities transactions; TransferWise raised nearly $300M in new funding, giving it a $3.5B valuation; and Plaid expanded services to the U.K.

TFU | May 6-12

The Senate Banking Committee is seeking details from Facebook about its reported stablecoin project; the Binance crypto exchange was hacked, causing a loss of about $40M; Nordea launched its IBM-built we.trade blockchain platform; Facebook is ramping up its Whatsapp-based mobile payments plans, centering its efforts in London; the HKMA approved four new virtual banking licenses; and SoFi launched two new ETFs.

TFU | Apr. 29 – May 5

A federal judge ruled that the DFS can move forward with its lawsuit against the OCC’s proposed fintech charter; the CFTC believes that more companies will apply to become clearinghouses due to growing interest in cryptocurrencies; IBM partnered with Thomson Reuters on a AI-backed regtech product; Facebook is working with large financial institutions to support its reportedly forthcoming stablecoin; and the Boston Fed produced a whitepaper on creating “supervisory nodes” on a blockchain.