Author: hjenkins42

Here is our pick of the 3 most important Stablecoin news stories during the week. Now what!?? As the dust settles on the cataclysmic collapse of the Terra (UST) ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways. Only a few (7 wallets) along with deep knowledge (maybe inside) of…

The key to a symbiotic bank-fintech partnership is more than just what one can do for the other. Banks should adapt their practices to cater to evolving consumer and commercial fintech end-users or risk losing key fintech relationships, Chris Dean, co-founder and chief executive at banking-as-a-service (BaaS) company Treasury Prime, said last week during a…

Fidelity Investments cut valuations for several closely held technology companies, including social media platform Reddit and payment software provider Stripe. Photo by Bloomberg Mercury In April, Fidelity funds marked down stakes in Reddit by more than a third from the preceding month and Stripe by 13%, according to filings and data compiled by Bloomberg. Fidelity…

Sweden-based account-to-account payments specialist Trustly will acquire U.K.-based open banking payments platform Ecospend. Trustly anticipates the deal will help accelerate its move into the U.K. market. Financial terms of the deal were undisclosed. Global payments fintech Trustly announced plans to acquire U.K.-based open banking payments platform Ecospend this week. Trustly anticipates that the deal, which…

Plaid teamed up with Truework to launch a new income verification solution, Plaid Income. The new offering will make it easier for loan applicants to share income and employment information with lenders. The Truework partnership comes just days after Plaid introduced its Identity Verification and Monitoring solution, as well as its partnership with financial wellness…

This year at FinovateSpring, we asked a handful of Finovate attendees, presenters, and demoing companies what ONE trend they think we should all be paying attention to in fintech over the next 12 months. Will it be the return of cryptocurrencies or the ability to deliver better financial advice at scale? Embedded finance or the…

Disruptive innovation such as Bitcoin is usually bottom up, with initial traction from people who are not concerned with legality. However for Bitcoin to become mainstream it does require some top down legislation; most people are concerned with legality. El Salvador and other jurisdictions making Bitcoin legal tender are giving the people some legal certainty.…

It looks like Christine Lagarde, the President of the European Central Bank, has lost her sleep and is having nightmares over crypto. On a recent episode of the Dutch television show “College Tour,” when speaking about cryptocurrencies Lagarde said that “my very humble assessment is that it’s worth nothing”, and continued “it’s based on nothing,…