Posted on December 8, 2020 | by news-summaadvisory

Top Fintech News Stories for December 7, 2020

Here are the most read news stories from our daily newsletter today:

Stripe: the Amazon of finance? – The Finanser
Democrat Members of House Committee on Financial Services Send Requests to President-Elect Biden Including Madden v. Midland Change, Rescind CFPB Sandbox, Stop Banks from Holding Crypto – Crowdfund Insider
Why Square’s Expanding Ecosystem Threatens Banking’s Future – The Financial Brand
Visa-Plaid deal highlights need for more scrutiny of M&A – American Banker
Top 5 Banking And Fintech Trends For 2021 – Forbes
Revolut lets businesses accept online payments – TechCrunch
Citigroup Helping World Governments Build Digital Currencies, CEO Says – Coindesk
Jack Ma’s Ant Group Ramped Up Loans, Exposing Achilles’ Heel of China’s Banking System – The Wall Street Journal
Moov raises $27 million in a16z-led Series A as embedded finance space heats up – FinLedger
Open finance: Time to run with it – AltFi

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.

Type It, Ship It: Vercel Wants Everyone to Be a Coder

There was a time when building an app, be it to sell something or provide a specific service (like cab-booking), meant pulling all-nighters and constant back and forth with developers. Even if the product was ready to be deployed, you could never ship it without a team of devs standing by to trouble..

The AI You Didn’t Approve Is Already at Work

When it comes to vibe coding with agents, a dose of caution is justified as last month’s Replit AI scandal illuminated after the agent wiped a company’s entire database (a great reminder to all to back up your data — and twice, for good measure). While this was one of the biggest failures of v..

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..