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If You Can’t Beat Them, Join Them: SoFi Earns Bank Charter
Digital banking platform SoFi is leaving the ranks of its challenger banking competitors to become a fully fledged bank. The California-based fintech announced today it has received approval from the...
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Plaid Acquires Cognito
Open finance network Plaid is snapping up identity verification and compliance platform Cognito in a deal valued around $250 million. Plaid’s “next major step” as a company is to help developers build...
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What The U.S. Federal Reserve Omits in its CBDC Paper
The U.S. Federal Reserve has issued a discussion paper today on central bank digital currencies (CBDCs). The paper is meant to serve as the first step in a public discussion about CBDCs between the...
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Routefusion Raises $10.5 Million to Help Give Fintechs Cross-Border Superpowers
Earlier this week Routefusion, a company that helps financial services companies with global expansion, raised $10.5 million. The Seed round was co-led by Canvas Ventures and Silverton Partners....
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Expensify Launches Payment Card for CPAs and Accounting Firms
Expense management firm Expensify has come out with its first product since making its debut on the public markets last year. The California-based company debuted a corporate payment card designed...
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BNPL Player Amount Acquires Linear Financial Technologies
Modern banking experiences provider Amount has acquired SMB loan and account origination platform Linear Financial Technologies for $175 million. Founded last February, Linear offers financial...
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Monzo Officially Launches in the U.S.
U.K. digital bank Monzo is officially entering the U.S. market this week. The startup announced it’s now allowing U.S. clients to apply for a Monzo account. Monzo has been in closed beta for the past...
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5 Reasons to Come to FinovateEurope This Year
If you’re already registered for FinovateEurope, taking place the 22nd and 23rd of March, you get it. Attending the industry’s premier demo show, whether in-person or digitally, grants you access to...
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ConsenSys Acquires MyCrypto to Improve its Web3 Wallet
Blockchain technology company ConsenSys is acquiring MyCrypto ConsenSys will combine MyCrypto’s tech with its own Web3 wallet, MetaMaskFinancial terms of the deal were undisclosed Blockchain...
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Pillow Raises $3 Million for its DeFi Investment Platform
DeFi investment startup Pillow raised $3 million in Seed fundingThe company will use the funds to fuel global expansion, build its investment strategies, and grow its user base“We want to create a...
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Wirex Expands to the U.S.
Wirex, which has 4.5 million users across Europe and Asia, launched its crypto-to-fiat services in the U.S. today to all U.S. users, except those in New York and HawaiiThe company is partnering with...
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American Express Launches Digital Checking Account to Compete with Challenger...
American Express is launching a new, digital checking account called Amex Rewards CheckingThe Amex Rewards Checking account will offer a 0.50% high-yield APY on account balances, along with other...
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Apple Launches iPhone Tap-to-Pay as Payment Acceptance Tool for Merchants
Apple launched its Tap to Pay capability enabling merchants to accept payments via iPhoneStripe will be the first payment platform to offer the new Tap to Pay functionality.The new solution will...
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Trulioo Acquires Client Onboarding Tool Provider HelloFlow
Trulioo has acquired HelloFlow, a digital onboarding startup. Financial terms of the deal were not disclosed.HelloFlow’s no-code, drag-and-drop tools “vastly simplify” the onboarding process and will...
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Zip Integrates with Singtel to Bring its BNPL Tools to Singapore
Australia BNPL player Zip is partnering with Singapore telecommunications firm Singtel.Singtel is integrating Zip’s Pay Later into its mobile wallet, Dash.Over the next six months, Zip will launch new...
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LastPass VP on the Bare Minimum of Password Security for Banks
Passwords are as frustrating as they are essential, especially in financial services. We chatted with LastPass VP of Product Management Dan DeMichele to get an idea of how banks and fintechs can...
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Self-Directed IRA Platform Alto Partners with Prosper
IRA company Alto Solutions is partnering with P2P marketplace Prosper.Under the agreement, Alto’s clients can now invest IRA funds in Prosper’s consumer loans.Prosper has facilitated more than $20...
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Madison Dearborn Buys MoneyGram in $1.8 Billion Deal
Madison Dearborn Partners has agreed to acquire MoneyGram in a $1.8 billion deal.The deal will offer shareholders $11 per share and will make MoneyGram a privately-held company.MoneyGram anticipates...
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Revolut’s Newest Acquisition Accelerates its Move into India
Revolut has acquired India-based Arvog Forex. Terms of the deal were not disclosed.The purchase will help Revolut launch services in India in the latter half of this year.Arvog Forex has more than 20...
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5 Reasons the Metaverse is Worth Paying Attention to Now
When your day job keeps you busy for 40+ hours per week, it’s hard to take on new tasks or pay attention to new initiatives. But one thing 2020 taught us is that the digital initiative doesn’t take...
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