Posts Tagged ‘USA’

Report: DOJ Investigating Bitcoin Price Manipulation

The Justice Department is opening a criminal investigation, along with the Commodity Futures and Trading Commission, into people who may be manipulating cryptocurrencies like Bitcoin and Ether.  Investigators are in the early stages of examining illegal practices that unscrupulous traders have also been known to use in futures and equities markets. For example, the DOJ is […]

Fintech firm Plaid expands into Canada

The San Francisco financial technology infrastructure provider, Plaid, has announced it is expanding sales of its full application programming interface suite into Canada. This includes electronic funds transfer authentication and Auth endpoint. Plaid’s main business is connecting user bank accounts to financial applications. The Canadian expansion is the beginning of Plaid’s effort to provide services worldwide. […]

FTC to Host Cryptocurrency Workshop on June 25

The U.S. Federal Trade Commission will host a workshop in Chicago on June 25 to examine scams involving cryptocurrencies. The “Decrypting Cryptocurrency Scams” workshop will bring together consumer groups, law enforcement, research organizations, and the private sector to explore how scammers are exploiting public interest in cryptocurrencies such as bitcoin and Litecoin and to discuss ways to […]

GreenSky IPO: 5 things to know about the company seeking to end fintech IPO lull

GreenSky, which provides consumer loans that originate at the point-of-sale system, is expected to go public this week through an IPO that could value the company at more than $4 billion. The company, one of the largest fintech firms in the U.S., recently filed IPO paperwork and intends to sell some 34 million shares at […]

Move ‘Em Out: ICOs Don’t Seem So Scary Outside the US

In an environment of regulatory uncertainty, where the SEC has begun investigating ICOs and the industry surrounding the capital raising technology but has yet to make a formal decision of how it will regulate crypto tokens, issuers and other stakeholders are finding other jurisdictions a better bet for launching their projects. Both on stage and off during Blockchain […]

GAO issues report on benefits, challenges of fintech products

The U.S. Government Accountability Office (GAO) has issued a report that provides a detailed analysis of fintech products, examining both the benefits and challenges. The GAO report said the products and services that fintech companies offer generally fall into four different areas: payments between individuals, and between individuals and businesses; loans to consumers and businesses; advice on […]

Coming Of Age: Fintech Companies Should Move On From Millennials

These days, for consumer fintech companies in wealth management it is all about the Millennials. However, Millennials are the generation with more debt than any prior generation thanks to things like student loans. According to the Deloitte Center for Financial Services, Millennials today have just 4% of the nation’s wealth, compared to 50% for Baby […]

10 startups that became worth billions in less than 3 years

In the startup world, the odds of a company achieving a valuation of $1 billion or more is considered so slim, it’s named after a mythical beast — the unicorn. In the entire US, there are just 135 private companies that are valued at over a billion dollars or more. Of those, only ten became so-called unicorns […]

U.S. judge dismisses state regulators’ lawsuit over national ‘fintech’ charter

A District of Columbia federal judge dismissed a lawsuit brought by state bank regulators against the U.S. Comptroller of the Currency over its proposal to offer charters that would let so-called fintech companies do business nationwide. Since the OCC has not reached a final decision on the fintech charters, the claim of harm by the […]

Digital FCU’s fintech greenhouse

Twice a year, Digital Federal Credit Union accepts 10 new startups in its Boston-based FinTech Innovation Center, providing them free space for a year and helping them establish connections that they need with venture capitalists, attorneys and accountants. DCU doesn’t provide any other financial support. So far, one venture, Digital Onboarding, has graduated from the […]