Posts Tagged ‘USA’

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 […]

The future of money (research report)

According to a new report from J. Walter Thompson called The Future of Money: New Payments, Currency, Banking, and beyond, China is increasingly driving innovation in money and payments. Chinese consumers are twice as likely to know about blockchain as US consumers, and twice as likely to have tried a number of other disruptive new payment systems, from microinvesting […]

Fintech Firm GreenSky Files for IPO

Financial-technology firm GreenSky Inc., a provider of point-of-sale financing and payments technology, disclosed plans to go public. The Atlanta company, which operates a lending platform that enables retailers, health-care providers and home contractors to offer loans to their customers, filed preliminary documents Friday for an initial public offering with the Securities and Exchange Commission. The filing […]

U.S. Chamber Warms To Blockchain, Fintech Solutions At Capital Markets Summit

The world’s largest business group is taking a heightened interest in blockchain solutions and capital formation methods, particularly as the pace of commerce hastens and the landscape for traditional initial public offerings becomes murkier. The topic was on display at a capital markets summit Thursday morning hosted by the U.S. Chamber of Commerce, which claims more than three […]

In Q1 2018, FinTech Startups Raise Record Amounts While Deal Counts Fall

Since 2016, more than $15.6 billion has been invested in seed, early, and late-stage U.S.-based FinTech startups. 2017 accounts for more than $7 billion of that total. Total dollar volume saw an increase of 25 percent year over year from 2016 to 2017. According to Crunchbase data, known dollar volume has grown by approximately 92 percent […]