Challenger bank HMBradley moves to invite-only model to address demand
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Fintech News Stories
Visa is buying cross-border payments fintech Currencycloud
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In its second acquisition of the year, Visa will acquire Currencycloud in a deal valued at $963M.
Read MoreFidelity and Shoobx team up on equity management solution for private companies
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Fidelity Investments, one of the nation’s biggest stock plan administrators, is tapping the toolset of Shoobx – an equity management company – on an equity management solution for private companies of all stages.
Read MoreVenmo app update to nix social feed of strangers’ payments
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Peer-to-peer payments app Venmo, which has been known for the “social feed” component of the app that features the payment behaviors of strangers, is getting rid of the feature in its latest app update.
Read MoreSquare launches business banking and savings accounts
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Square, a company that has long been associated with nifty card readers, just took a leap into a broader financial services product potpourri with its latest rollout of banking products.
Read MoreEthereum co-founder Anthony Di Iorio bids adieu to crypto
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Anthony Di Iorio, a co-founder of the Ethereum network, says he’s leaving the crypto world out of concern for his personal safety.
Read MoreRobinhood seeks $35B valuation in upcoming IPO
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Trading app Robinhood is reportedly seeking to raise $2.3B in an upcoming initial public offering (IPO).
Read MoreBitcoin slides toward $31,000 amid Fed Chair Powell remarks on stablecoins
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Bitcoin slid toward $31,000 on Thursday, July 15 – its lowest level in around three weeks.
Read MoreVanguard acquires startup Just Invest in bid to grow toolset for advisers
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Pennsylvania-based investment behemoth Vanguard, which is the world’s second-largest asset manager, is buying Just Invest, a 5-year-old startup whose technology helps advisers customize portfolios.
Read MoreChime lawyers up as speculation grows about IPO plans
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Digital banking startup Chime has hired 10 new lawyers this year as industry watchers attempt to read the tea leaves on the company’s possible IPO plans.
Read MoreApple and Goldman working on checkout loan product to compete with Affirm, reports say
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Apple and Goldman Sachs are reportedly developing a service called Apply Pay Later to rival ‘buy now, pay later’ (BNPL) offerings from firms like Affirm and Afterpay.
Read MoreBanks lobby for tiger controls on fintech access to Fed payments system
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Banks are lobbying the Federal Reserve to set strict parameters for fintechs that want access to services provided by the Fed, including its payments system.
Read MoreLendUp stops making loans
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LendUp, an online lender aimed at credit-challenged customers, is reportedly shutting down after 9 years.
Read MoreBiden executive order addresses bank mergers, portability of customer data
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In a sweeping executive order signed Friday, July 9, President Joe Biden set forth a number of measures aimed at restricting anti-competitive practices.
Read MoreMortgage fintech Better to expand to Britain with Trussle acquisition
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Better.com, the 5-year-old digital mortgage provider, is acquiring U.K-based digital mortgage broker Trussle Lab in its first overseas expansion move. Terms of the deal were not disclosed.
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