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Weekly Update

TFU | July 20 – 26

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 […]

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Weekly Update

TFU | July 6 – 12

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 […]

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Weekly Update

TFU | June 1-7

Dear readers, As we’re sure is the case with all of you, we’ve been disturbed by the tragic killing of George Floyd and the ensuing violence and shocking responses on the part of some elected and law enforcement officials. The mission of The Fintech Update is inherently niche, and we feel neither well-placed nor qualified […]

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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 | Mar. 16 – 22

Leading Off Former Coinbase CLO Brian Brooks became the OCC’s new COO and deputy comptroller; Square was approved by the FDIC and Utah state financial regulator to open a ILC bank subsidiary; JPMorgan Chase plans to close 1,000 branches in response to the global coronavirus pandemic; and TransferWise announced a partnership with Alipay.  In the […]

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The Big Idea

The Big Idea | FinTech’s Big Leap into Banking (Feb. 29, 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 leap day, we’re taking a look at how fintech firms are acquiring national bank charters. As always, if you have any ideas for us, […]