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Weekly Update

TFU | May 4 – May 10

Leading Off The FDIC issued a statement addressing the use of cloud computing services in the financial services sector; Libra hired Stuart Levey, HSBC’s Chief Legal Officer as its CEO; Samsung partnered with SoFi to launch a debit card; Zoom acquired encryption firm Keybase to bolster the security of its product; Robinhood raised $280M in […]

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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 […]

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The Big Idea

The Big Idea | FinTech in the World of COVID-19 (Apr. 1, 2020)

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 […]

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Weekly Update

TFU | Mar. 23 – 29

Leading Off Rakuten withdrew its application to operate its bank as an ILC—but plans to refile with the FDIC; digital payments and e-commerce continued to surge during the coronavirus pandemic; China continued to draft relevant laws for the circulation of the digital yuan; Revolut launched its app and services in the U.S.; and Robinhood offered […]

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Weekly Update

TFU | Mar. 2 – 8

Leading Off Robinhood experienced severe system outages; Ant Financial took a minority stake in Klarna; the European Systemic Risk Board warned of the systemic risk of cyber threats in a new report; Starling is applying for an Irish banking license as it aims to expand in Europe; and South Korea passed legislation on crypto regulation.  […]

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Weekly Update

TFU | Dec. 9 – 15

PayPal sued the CFPB regarding its prepaid card rule; Goldman is planning to launch a small-investment digital wealth management service; PNC blocked data aggregators from using its customers’ data; newly revealed documents showed that, for years, the FBI has secretly demanded consumer information from credit agencies; and Robinhood rolled out fractional share trading.