PayPal Invests in German Deposit Fintech, Raisin
Berlin-based savings deposit marketplace Raisin has received capital from payments company PayPal, which will be used to push the fintech’s...
Led by Softbank, Lemonade Gets $120M in New Funding
Insurtech Lemonade has raised $120 million in new funding for its mobile insurance platform, led by Japanese technology investment firm...
Bitcoin’s Impact on Fintech Organizations Won’t Beat AI, Survey Says
When it comes to the innovations in finance that will impact the way future organizations are run, artificial intelligence and...
Singapore Central Bank Issues Further Warnings on Cryptocurrencies
Singapore’s central bank urged consumers to act with “extreme caution” when it comes to investing in cryptocurrencies, following several steps...
Ally Invest ‘Closely Watching’ Bitcoin Futures, But Will Not Offer Them with CME Launch
EXCLUSIVE—Ally Invest will not offer bitcoin futures as the CME Group opens the offering, the company told Bank Innovation. Ally...
Citi Implements DLT to Manage Cash, Securities in Its Back Office
Citi is now using distributed ledger technology to manage collateral and send cash and securities in a single click, Citi...
Donors Gave $22M in Crypto to Fidelity Charity Arm in 2017
Givers to mutual fund investment company Fidelity’s charity arm, Fidelity Charitable, have donated $22 million worth of bitcoin this year....
The U.S. is Unlikely to Ban Token Sales, But ICO Sellers Should be Careful How Sale is Marketed
EXCLUSIVE—While the U.S. is unlikely to ban token sales outright, those looking to raise funds with an ICO (or Initial...
With No Fintech Charter Applications, Judge Rules NY OCC Lawsuit ‘Premature’
A federal judge has ruled on a New York lawsuit set against the Office of the Comptroller of the Currency’s...
Digital Banking Startup Loot Raises $2.9M Series A
Another digital banking startup has raised funding this week, this time to expand a current account offering aimed at students...
