Listed below are what I contemplate to be the highest 10 most vital fintech information tales of the previous week (in no explicit order).
Wirecard: the timeline from the Monetary Instances (free to all) – Detailed timeline of the historical past of Wirecard and the spectacular fall of one in every of Europe’s (previously) most dear fintech corporations.
Zopa primes bank card as long-awaited full banking licence granted from AltFi – It has been an extended, exhausting highway that began in 2016 however Zopa lastly has a full UK banking license.
OnDeck Capital in high-stakes talks with collectors from American Banker – These are difficult occasions for small enterprise lender OnDeck as the corporate tried to remain afloat.
With the PPP Fintech Comes of Age from Lend Academy – Fintech lenders reacted shortly to the PPP and have helped save hundreds of thousands of small enterprise job.
Digital investing platform for ladies, Ellevest, expands into banking from TechCrunch – Ellevest turns into the newest fintech firm to launch a bank account with a no-fee debit card and FDIC-insured financial savings account.
The Tiny Bank That Received Pandemic Support to 100,000 Small Companies from The New York Instances – Nice profile of Cross River Bank and the way they grew to become the fourth largest bank lender within the nation for PPP loans.
Mastercard To Purchase Monetary Knowledge Supplier Finicity For $825M from Fintech Zoom – The M&A door stays open with Mastercard buying actual time information supplier Finicity for $825 million.
Checkout.com, the UK funds startup, raises one other $150M, now valued at $5.5B from TechCrunch – London-based checkout.com, an API-based funds platform, grew to become one of the useful fintech corporations in Europe with this newest spherical.
Expensive Monzo, Starling and co; We’re nonetheless a good distance off the proper neobank from Sifted – We’re nonetheless a good distance from seeing an ideal digital bank. It ought to have unified funds, easy entry to credit score and a sturdy financial savings and funding device.
Regulators replace Volcker, swaps and rate-cap guidelines from American Banker – Whereas there are three updates on this article the one that’s of most curiosity to fintech is in regards to the Madden Repair. The FDIC issued a last rule, which applies to state nonmember banks, that reaffirmed the doctrine of “valid when made.”