Posted on February 24, 2021 | by news-summaadvisory

Top Fintech News Stories for February 22, 2021

Here are the top news stories from our daily newsletter today:

The Secret Financial Lives of Consumers that Banks Don’t Know About – The Financial Brand
Brex applies for bank charter, taps former Silicon Valley Bank exec as CEO of Brex Bank – TechCrunch
Podcast 286: Billy Libby of Upper90 – LendIt Fintech News
Fintech Affirm Reveals that 43% of New Users Prefer the Firm’s Pay Over Time Services as it Helps them Stay Within Budget: Survey – Crowdfund Insider
SME Lender October Confirms that French Government has Extended State-Guaranteed Loans Program to June 2021 – Crowdfund Insider
TransUnion Report Confirms that Credit Activity Keeps Rising from COVID-19 Pandemic Lows, Origination Activity Recovering – Crowdfund Insider
TransferWise rebrands as Wise ahead of an expected IPO – TechCrunch
SPACs supercharging fintechs – American Banker
Lack of Digital Maturity Threatens Survival of Banks Worldwide – The Financial Brand

Other Related Insights

A place for information on subject matter expertise and guidance on four dynamic industries that are changing the way business is conducted.

The Precarious Framework Underpinning Stablecoins’ Rise

If structured as they are at present, most decentralized protocols may lead to sanctions-framework violations and — potentially — partial bans or heavy fines from the Treasury and other government bodies. At the core of what we’re doing in defi, permissionlessness is a feature, not a bug..

Stablecoins on the Menu as Fed Meets in Jackson

All eyes are on Wyoming this week as the Federal Reserve will be meeting for its annual Jackson Hole Symposium, hosted by the Kansas City Fed. Among the items on the menu: the latest research from top economists (which may sound like a snooze fest, but it’s worth paying attention to, as some of th..

Funded: Cache raises $12.5M Series A to unlock sophisticated tools for concentrated stockholders

Hi there and welcome to Funded, where we spotlight early-stage bets on the future of tech. This week’s feature zeros in on a fast-growing fintech that’s rethinking how employees with big stock positions can protect and diversify their wealth without taking a tax hit. San Francisco-based Cache ha..