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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 | June 22-28

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 […]

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Weekly Update

TFU | June 8-14

Hi! It’s Monday, June 15, 2020. Leading Off Amazon and Goldman Sachs unveiled a small business credit line, offering up to $1 million for merchants on Amazon’s platform. // Square and PayPal announced new efforts to acknowledge and combat racial inequality. // Millennial-focused insurance unicorn Lemonade filed paperwork to go public with an IPO. // […]

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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 18 – 31

Leading Off Kabbage said it’s processed $3.5B in PPP loans, a significant comeback after suspending its small business lending amid the early days of the coronavirus crisis; Samsung and SoFi jointly launched a cash management account and debit card; Google is piloting voice confirmations for payments; payments startup Marqueta raised $150M; and Square’s Cash App […]

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Weekly Update

TFU | Apr. 6 – 19

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 […]