Wirecard’s UK Subsidiary Allowed to Resume Operations
Thousands of British consumers and small businesses can access their cash again with the Financial Conduct Authority telling Wirecard Card Solutions they can resume ...
Senate Agrees to Extend PPP Until August 8
The Paycheck Protection Program officially expired yesterday but last night the Senate reached a deal to extend the program until August 8; when the program ...
Startups Looking to Solve Racial Inequality in Banking
According to data from the FDIC as recently as 2017 about 17 percent of Black households and 14 percent of Hispanic families lack basic ...
Digital Dollar Advocates Testify Before Senate Committee
The Senate Banking, Housing and Urban Affairs Committee held a virtual hearing yesterday on the digitization of money and payments; Christopher Giancarlo, former chairman of ...
Startup Partners Back Away from Wirecard
Last year SoftBank agreed to make a €900mn investment into Wirecard; as part of the deal they were going to facilitate introductions for potential ...
Transferwise to Launch Investment Offering in the UK
Transferwise has obtained a license from the UK’s Financial Conduct Authority to offer retail investments to clients; while Transferwise has been primarily focused on international ...
More News for July 1, 2020
Acorns Targets Babies With New Custodial Account Capital raises $9M for its AI-based ‘capital as a service’ funding ...
Empower Retirement Buys Personal Capital for Up to $1bn
Empower Retirement has bought digital wealth management fintech Personal Capital for $825mn upon closing, with another $175mn in planned growth incentives; the company was ...
LendIt Fintech Job of the Week: Business Development Analyst – Pagaya
From the LendIt Fintech Jobs Board: Leading tech-enabled asset manager, Pagaya Investments, is seeking a Business Development Analyst to support their US origination team; the ...
The PPP Closes Today With $134 Billion Left
The deadline is today for applying for a small business loan via the Paycheck Protection Program with $134 billion still unused; there is debate within ...