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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

PYMNTS

Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery. Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars. The Main Street Rescue That Wasn’t (And Still Isn’t).

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Amid The Losses, Taking Stock Of The Crypto Crash

PYMNTS

In this space just last month, we noted findings from Boston College that showed that 4,000 ICOs had raised $12 billion. One of the duo responsible for the Boston College paper, PhD candidate Hugo Benedetti, took note of the gold rush that comes when the timing is spot on. Past is prologue, as the saying goes.

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Amazon Sizzles, Plenti Fizzles And Goldman Gets Its Consumer Banking Groove

PYMNTS

Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. In fact, one of them asked Chavez during the earnings call whether Marcus was lending to consumers with less than stellar credit histories. The Big Bet on Consumer Services. The Dip into Commercial Banking.

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The Case For Localizing Mom-And-Pop Investment

PYMNTS

.” That lack of awareness can be damaging to the economy: An entrepreneur who fails to obtain a bank loan may give up on the business venture altogether, losing out on an opportunity to generate revenue, create jobs and contribute to the broader economy through tax payments. Localizing Capital.

Capital 145
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2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

Fintech 143
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In The Age Of Big Data, Why Are We Still Flying Blind?

PYMNTS

The average temperature in Boston in February is 37 degrees Fahrenheit, but on Saturday it was 52 degrees. And if they valued it just at even an after-tax minimum wage rate, Evans says consumers must have believed they got at least $2.8 The average height of a female in the U.S. A week ago it was 28 degrees. In other words, it’s a lot.

Big Data 135
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Innovation in the Asset Management industry

Tefkin

Companies such as Betterment (disclosure, Anthemis is an investor & I am a customer) make investing in a diversified portfolio of ETFs easy and provide additional services such as automated rebalancing and tax optimisation. On the other end of the scale (Alpha), access to alternative assets has become easier with the JOBS act.