12/19/2020 12:00:00 AM Vestwell is in and Ascensus is out in Oregon as mushrooming 'force-function' state retirement plans spark heated bids to recordkeep By Sarah Wolter State-sponsored retirement plans are expected to swell unstintingly to billions, maybe trillions, of dollars over time as state...
12/18/2020 10:24:34 PM Vestrata aims to shake up Europe’s private banks By Gareth Jones The fintech start-up backed by former JPMorgan executives has raised $4m to launch their platform to attract wealth managers and private...
12/18/2020 10:17:19 PM Where Tech Workers Are Moving: New LinkedIn Data vs. the Narrative By Gareth Jones There’s a narrative that the tech industry’s future lies in Texas and Florida with big-name tech executives moving en masse to Miami and...
12/18/2020 8:49:20 PM Could Amazon start a bank? The FDIC has opened the door By Gareth Jones The FANGs and other corporate giants may soon give Wall Street a run for its money as a key U.S. regulator is smoothing the path for...
12/18/2020 8:44:59 PM WhatsApp to rollout insurance and pension products on its platform in India By Gareth Jones WhatsApp is set to roll out health insurance and micro-pension products on its messaging platform in India through tie-ups with licensed...
12/18/2020 6:27:17 PM Contactless is no passing fad. It’s the future of payments By Sarah Wolter Contactless payments (e.g., Apple Pay, Google Pay, tap-to-pay cards, etc.) are no longer a novelty. And adoption will only continue to...
12/18/2020 6:19:44 PM Hands-off holiday shopping blitz puts ‘contactless’ in spotlight By Sarah Wolter For most consumers in the U.S., using a credit card and interacting with a PIN pad to make payments was rarely an issue — until the...
12/18/2020 6:14:59 PM Apple Pay draws antitrust attention By Sarah Wolter Apple’s next antitrust battle is shaping up to be over Apple Pay, the company’s digital wallet, as the Covid-19 pandemic turbocharges use...
12/18/2020 4:07:27 PM Creditas raises $255m in Series E funding By Sarah Wolter Brazil based lending platform raised $255m in Series E funding led by LGT Lightstone.
12/18/2020 3:21:56 PM Umba raises $2m in Seed funding By Sarah Wolter Africa based digital bank raised $2m in Seed funding from Lachy Groom, Ludlow Ventures, Frontline Ventures and Act Venture.
12/18/2020 3:20:02 PM SEC charges Robinhood with misleading customers about how it makes money By Sarah Wolter Robinhood agreed to pay a $65m civil penalty, without admitting or denying SEC’s findings. The millennial-favored trading app is best...
12/18/2020 3:08:39 PM DeFi: A conversation with Sean Lippel on decentralized finance By Sarah Wolter Decentralized finance, otherwise known as DeFi, sits at the intersection of financial products and services with decentralized networks...
12/18/2020 2:40:36 PM Our connectivity problem requires a powerful and efficient solution: shared, multi-purpose infrastructure By Sarah Wolter Bob Thompson, CEO of portfolio company Underline talks about why we cannot afford to be inefficient as we deliver affordable and reliable...
12/18/2020 2:24:18 PM Adyen teams with Flywire to advance vertical payments worldwide By Sarah Wolter Flywire’s customers are predominantly in the healthcare and travel industries and will benefit from Adyen’s extensive international reach...
12/17/2020 9:35:36 PM $8b crypto startup Coinbase files draft S1 to SEC in preparation of IPO By Sarah Wolter While there were some doubts about the valuation previously, many expect the market to value the firm above $8b as Bitcoin pushes to new...
12/17/2020 4:02:39 PM Germany prepares to put some financial securities on the blockchain By Sarah Wolter Germany’s tech sector has hailed the government’s decision to allow some electronic-only securities—a move that paves the way for “crypto...