We have crypto news, of course, as well as buy-now-pay-later, and postal banking is somehow back in the news. Climate risk is on tap at the Fed and China continues to crackdown on fintech. Here are what I consider to be the top ten fintech news stories of the past week.
Return of The Postal Bank: Another New Rival or a Bad Joke? from The Financial Brand – The Postal Service is rolling out a pilot program in four cities (Washington DC, Falls Church, The Bronx and Baltimore) with a very limited offering of banking services. Basically, they will cash a check for you if it is less than $500.
Fintech’s Explosive Growth Has Regulators Scrambling from Bloomberg – With the rapid rise of fintech in the last couple of years regulators are finding it difficult to keep up with the pace of change and this author thinks the government should do more to reduce the risks of a fintech failure.
Every Thursday the LendIt Fintech News team and a special guest discuss the news of the week live on LendIt TV, YouTube, LinkedIn, and Twitter. We have now made the show available in podcast format – just click on the audio player below.
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.