On this 20th anniversary of 9/11 we want to remember all those who lost loved ones on that terrible day. As a New York-based company in the finance space, we know many people whose lives were changed forever on that day and we are thinking of them today.
On to fintech news and it was a surprisingly busy week for just four days. We had a huge funding round for Varo, Stripe continued to move their IPO plans forward, Amazon encroaching more into fintech, PayPal makes another acquisition and the Coinbase CEO criticises the SEC. Here are what I consider to be the top news stories in fintech this past week.
Coinbase reveals SEC plan to sue over lending product from Banking Dive – The Coinbase CEO had some harsh words for the SEC when he discovered they were intending to sue the company over their new lending product (even though many other companies have similar products and have not been sued).
Walgreens Wades into Consumer Banking Melee with ‘Scarlet’ Account from The Financial Brand – The new Walgreens digital bank account is out, called Scarlet, and it is actually a pretty big deal given their focus on the underserved. Now millions of people in banking deserts will be able to pop into their local Walgreens to open an account.
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.