TFU | Mar. 9 – 15

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.

TFU | Feb. 17 – 23

Leading Off It was a huge week for acquisitions: LendingClub became the first fintech firm to purchase a bank, buying Radius for $185M, Morgan Stanley acquired E-Trade for $13B, Intuit is reportedly buying Credit Karma for about $7B, and Ally purchased CardWorks for $2.65B. In other news, Sweden is testing an “e-krona” CBDC; Shopify joined…

The Big Idea | Big Tech and Financial Services (Jan. 31, 2020)

Throughout the year, we’ll be offering a deeper look at some of the biggest trends in fintech, which we believe will continue to impact financial services in the coming decade. This week, we’re taking a look at the expansion of the “Big Tech” firms into financial services. As always, if you have any ideas for…

TFU | Jan. 20 – 26

The Bank of England is looking for a technology partner to help it develop a “fit for purpose cloud environment”; Japanese lawmakers are creating a proposal for a government-backed digital currency; Vodafone became the latest firm to drop out of the Libra Association; Democrats urged the U.S. FTC to investigate Yodlee for allegedly selling consumer financial data without consent; and Canapi Ventures unveiled a new, $545 million fintech fund.

TFU | Dec. 16 – 22

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…

The Big Idea | Stablecoins (Dec. 22, 2019)

As we count down the remaining days of 2019, we wanted to lead off our final letter of the year with a deeper look at one of its biggest fintech trends: stablecoins. So, what’s the Big Idea with stablecoins? A “stablecoin” is a cryptocurrency that’s pegged to some underlying asset, whether it’s a sovereign currency…