Fintech

Fintechs competing unfairly with banks, Dimon says

01/15/21

JPMorgan Chase CEO Jamie Dimon fired a warning shot Friday at financial technology upstarts such as Chime and Plaid.

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Upgrade launches mobile banking and debit card with 2% cash back

01/14/21

The online lender founded by Renaud Laplanche is now a full-fledged challenger bank that can offer generous checking terms because, it says, it can count on its loans for profits.

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Affirm shares double after $1.2 billion IPO

01/13/21

The online installment lender is the latest consumer-focused tech company to see its stock price soar on the first day of trading.

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Banking data analytics vendor MX raises $300 million

01/13/21

The Utah company, which serves more than 2,000 banks and credit unions, has grown rapidly because it helps financial institutions deliver the types of personalized financial advice consumers have increasingly come to expect.

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Fintechs that get bank charters should be subject to CRA. Period.

01/13/21

Several financial tech companies that applied to become national banks are seeking exemptions from many provisions of the Community Reinvestment Act. A consumer advocacy group and the American Bankers Association say the OCC mustn't allow this.

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Visa's plan to move on from Plaid

01/13/21

After calling off its bid to buy the data aggregator Plaid, the card network is shifting its focus back to its role as an enabler of digital payments and related services.

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Visa and Plaid call off merger, ending DOJ litigation

01/12/21

Visa and Plaid have terminated their tie-up and reached an agreement with the Department of Justice to dismiss the litigation brought against them when the deal raised antitrust questions.

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Walmart's Ribbit pact gives it a jump on fintech innovation

01/12/21

Walmart's fintech venture with Ribbit Capital gives it a way to influence more technological developments in the retail industry.

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Walmart creates fintech startup, speeding push beyond retail

01/11/21

The retail giant is teaming with the investment group Ribbit Capital on the venture, which will aim to provide new services to Walmart customers and employees.

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What banks, fintechs can learn from Simple’s rise and sudden death

01/11/21

BBVA’s acquisition of Simple, the first neobank, was closely watched as a possible model for others in the industry. But the shutdown last week of Simple has again stirred a debate about whether upstarts and traditional players can ever fit together.

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