Square Commences Operations as an Industrial Bank
The fintech company's CFO Amrita Ahuja said bringing banking capability in-house will enable the company to “operate more nimbly.”
Affirm Shares Surge in Debut After $1.2B IPO
The flotation of the online lender extends "a frenzied run of tech IPOs dating back to the second half of last year."
Is China Stepping Up Fintech Regulation a Good Thing?
As developments in fintech continue to emerge, Chinese regulators have become increasingly worried about finance being overshadowed by technology.
FTC Says Fintech Startup Beam Misled Consumers
Beam allegedly made false promises to users of its app that it would provide them with 24/7 access to their funds and substantial interest rates.
DOJ Considers Blocking Visa’s Acquisition of Fintech Firm Plaid: Report
The proposed transaction is being reviewed over antitrust concerns.
JPMorgan Takes Aim at Top Fintech Players’ SMB Market Share
The bank’s QuickAccept service allows businesses to take card payments with no fee, and sales will hit their Chase accounts on the same day.
AmEx Buys Kabbage in SMB Solutions Move
The deal "accelerates our plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place."
Fintech Varo Wins FDIC Approval To Take Deposits
The company said the approval was “a significant step in [its] application process for a national bank charter.”
Visa Makes Fintech Move With $5.3B Plaid Buy
The deal gives Visa access to software that fintech app developers use to interface with customers' bank accounts.
Uber Forms New Unit to Push Financial Products
The company "is betting that by building out its financial ecosystem, it can keep drivers and riders loyal to its platform."
How One Firm Found Order in the Chaotic World of Cryptocurrency Accounting
“The most difficult part in the entire market is that there is no standard.”