API watch: Standard Chartered launches new API platform Standard Chartered is the latest bank to roll out an API platform, launching their version last week. While payments companies are better known for their API platforms, banks are catching up. While I always think of BBVA as the banking API leader today, the field is getting… Read More

Yellin’ at Yellen While not technically fintech news, the letter from Rep. Patrick McHenry to Janet Yellen is noticeable for challenging how the Fed has been operating and its activities in the future. McHenry, as the Vice Chairman of the Financial Services Committee, has also been outspoken about fintech issues. However, after relating slower economic growth… Read More

Happy Friday! Citi is back with Round 2 of its fintech-focused Digital Disruption report. The first report was released in March 2016 and focused largely on Citi’s thoughts on the changing finserv landscape. The new report issued this month updates those views, and uses the lens of venture capital, including interviews with a few fintech VCs… Read More

A new stealth startup has launched that uses mobile biometric payment technology to deliver robust user-facing optimization, while the near-instant payment paradigm reduces consumer peak currency online netting systems. This is in spite of the fact that challenger investment fragments opportunistic deployment of blockchain digital payments technology. However, the resilience of standalone transactional cloud-based pipes… Read More

Northwestern Mutual gets in on fintech VC The company has launched Northwestern Mutual Future Ventures, a $50MM fund that will invest between $500,000 to $3,000,000 in each fintech startup. Rebecca Porter, VP of Corporate Strategy at Northwestern Mutual, will be the chairwoman of the investment committee. Northwestern has some experience in this area, after acquiring… Read More

While the idea of Banking-as-a-Service (BaaS) has been around for years, 2016 was really the tipping point in terms of wider understanding and public launching (or aspirations) of broader Baas platforms. Singapore-based VC firm Life.SREDA is making an attempt to become the thought leader in BaaS topics (including owning the www.bank-as-a-service.com website). As part of… Read More

It’s that time of year when everyone comes out of the woodwork to offer their predictions on what will happen next year. Some are right, some are wrong, but most deserve some consideration, either helping to confirm your view, teach you something new, or reveal that you have additional or unique insight that may be… Read More

After months of waiting, the OCC finally released its official comments and a white paper discussing its desire and considerations in granting special purpose (fintech) bank charters. Comptroller Thomas Curry said “It is clear that fintech companies hold great potential to expand financial inclusion, empower consumers, and help families and businesses take more control of… Read More

Online small business lender stops lending(?) Dealstruck, which focused on making small business loans of up to $500,000, stopped making new loans last month. Dealstruck was four years old and had raised around $10 million in equity financing. Existing borrowers will still be serviced, but the team is “looking for strategic options to … continue… Read More

Lots of news happening over the last two weeks, the biggest of which may be a new funding round for the country’s most valuable fintech startup, validating one part of the market as others struggle. Stripe, which provides a software platform for businesses to accept payments online, raised $150 million on a $9 billion valuation.… Read More