Hi! It’s Monday, July 27, 2020. On this day in 1866, the trans-Atlantic cable, an undersea cable running under the Atlantic Ocean used for telegraph communications, was successfully laid and put into operation. Leading Off The OCC affirmed that national banks may provide custodian services for cryptocurrency tokens. // Ant Group announced its plans to […]
Hi! It’s Monday, July 13, 2020. DYK: Live Aid, the star-studded global concert held simultaneously in London and Philadelphia to raise relief funds for the Ethiopian famine, was held on this day in 1985. Phil Collins famously played both shows live, flying the Concorde to the U.S. after finishing his set in the UK. Leading Off […]
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 […]
Throughout the year, we’ll be offering a deeper look at some of the biggest trends we see shaping fintech now and in the coming decade. This week, we’re taking a look at the fintech sector during the coronavirus crisis and what it might mean for financial services going forward. As always, if you have any […]
Dear readers, Welcome back and Happy New Year! We hope you had an enjoyable holiday season. We’re looking forward to continuing to share the latest developments in fintech with you in 2020. Best, Team TFU Leading Off The NYDFS is exploring how regtech solutions can improve its effectiveness and efficiency; Switzerland’s finance minister said the […]
Five federal financial regulators jointly published a statement supporting the use of alternative data in making credit worthiness decisions; Robinhood decided to halt its application for a special purpose national bank charter from the OCC; Goldman is ratcheting down its expansion plans for Marcus in the U.K. over concerns about its compliance burden; the NYDFS approved SoFi’s application for a BitLicense; Chime raised $500M in new funding; and Bloomberg explores how some of the Bay Area’s buzziest fintechs are growing their operations in New York.