OCC and FDIC Release Proposal for New CRA Rules

December 13, 2019

At the FDIC board meeting yesterday the proposal for new rules governing the Community Reinvestment Act (CRA) were released; this would be the ...

PayPal Sues CFPB Over Prepaid Card Rule

December 13, 2019

Fintech, USA

PayPal has filed suit against the CFPB saying that they prepaid card rule ignores how prepaid cards fundamentally differ from digital wallets, triggering ...

Asia’s Super Apps Have Banks on their Heels

December 13, 2019

Asia/Pac, Fintech

Asia is home to some of the biggest and most well known fintech companies, now some of these fintechs and the big tech ...

Robinhood launches Fractional Investing to Lure New Users

December 13, 2019

Fintech, USA

The digital wealth management and banking markets are becoming increasingly competitive and Robinhood is now rolling out fractional investing with as little as ...

North American Banks Could Save $70bn with New Tech

December 13, 2019

Fintech, USA

According to new estimates by Accenture, North American banks could save more than $70bn with new technology; the estimates specifically focus on automation ...

JD Power Survey Highlights Wells Fargo’s Progress

December 13, 2019

Fintech, USA

Among eight national banks, Wells Fargo improved the most year over year according to a national banking satisfaction survey conducted by JD Power; ...

Bill.com is the Latest Fintech to go Public

December 13, 2019

Fintech, USA

Bill.com provides software services to businesses which center around payments; the company had a successful IPO yesterday closing up over ...

Robinhood Rolling out Bank Accounts

December 13, 2019

Fintech, USA

Robinhood has officially launched their bank account offering after taking a step back from their initial announcement last year; they spent 12 months ...

WeLab Scores $156mn Series C Round

December 13, 2019

China, Fintech

Hong Kong based digital bank WeLab secured $156mn in fresh capital from new investors, as well as five existing investors including Alibaba Hong ...

Announcements & Releases for December 13th, 2019

December 13, 2019

Fintech

Ocrolus Announces Premium Fintech Platform Extension ECB Head Calls For Clear Goals On Potential Crypto Portify FinTech Notches £7M To Grow Gig Worker Services ...