While it was another busy news week (isn’t every week?) there was no blockbuster news story this week. There were lots of funding rounds as usual, we had excellent earnings reports from some of the large public fintech companies and we had news from the world of bank charters. Here are what I consider to be the top 10 most important fintech news stories of the past week.
Brex withdraws applications for industrial bank from American Banker – Speaking of charter applications Brex has withdrawn theirs, both the Utak ILC and FDIC applications, as they look to “modify and strengthen our application and resubmit at a later date.” This seems to happen a lot with Nelnet, Square and Rakuten (multiple times) all applying then withdrawing ILC applications.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.