TFU | Mar. 30 – Apr. 5

Hi all, The Fintech Update will be off next week in observance of the Easter and Passover holidays. We hope you and your families are doing well and staying safe amid the ongoing disruptions caused by Covid-19, and we wish you all the best for happy and healthy weeks ahead. Take care, The Fintech Update…

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…

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…

TFU | Feb. 18-24

Thirty-seven community groups called on the FDIC to reject Square’s ILC application; Apple and Goldman Sachs announced their plans to jointly release an iPhone-based credit card; Mizuho clinched support of AliPay and UnionPay for the rollout of its new digital currency platform; Mastercard is working with a domestic partner on a JV to enter the Chinese payments market; the government of Seoul, South Korea set up a $1B investment fund for fintech and blockchain startups; and SoFi is expanding its business lines to include investment services and new types of loans.

TFU | Dec. 17 – Jan. 6

Square re-filed its ILC charter application; New York established a digital currency task force; Ant is considering acquiring WorldFirst; Google gained an EU e-money license; Robinhood is apparently preparing to expand to the U.K.; and the WSJ profiles the SEC’s Hester Peirce.

TFU | July 2-8

Square withdrew its ILC application to the FDIC; SIX is building an end-to-end DLT platform to manage trading and settlement; the FCA welcomed new firms into its regulatory sandbox; PayPal completed the multi-billion dollar sale of its consumer credit portfolio; and the EBA published new fintech reports.