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Fintech’s Power Grab — in The New York Times

Bank Innovation

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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Capital One Hack Prompts Lawsuit, NY AG Probe

PYMNTS

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . Also on Tuesday, a man affected by the Capital One breach filed a lawsuit against the firm. Reuters reported.

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Social Calendar App IRL Lands $16M In Series B Funding Round

PYMNTS

“This new funding will allow us to. The initiative is being led by Goodwater Capital, the Silicon Valley tech investor; Founders Fund, the San Francisco-based venture capital firm; Floodgate, the venture capital company of Palo Alto, California; and New York-based Raine Group LLC, the global merchant bank focused on tech companies. .

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Snap To Buy Digital Mapping Startup StreetCred; Adds To Location Strategy

PYMNTS

Snap , parent of social media company Snapchat , has bought New York City-based StreetCred , which is working on a platform for location data, according to a report from Business Blockchain HQ. StreetCred previously raised around $1 million in seed funding from Bowery Capital and Notation Capital.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Leveraging social media, Gentle Monster started to get traction. How Banks Can Leverage: While not exactly a banking innovation, banks can better allocate capital to COIs. These striking designs paid for themselves in media exposure. The robot appears half asleep, moving between dozing off and waking up.

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Facebook Working On WhatsApp P2P Digital Currency

PYMNTS

Citing various sources with knowledge on the matter, The New York Time s reported that Facebook is currently working on a coin that users of its WhatsApp could instantly send to friends and family. The biggest messaging apps in South Korea and Japan, Kakao and Line, are planning to get in on the action with their own coins as well.

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L’Oréal, Instagram Lead Late-Year Social Commerce Push

PYMNTS

“So it’s no surprise that Instagram is making moves to replicate TikTok’s most popular features — especially in areas where TikTok hasn’t already amassed a strong foothold, like Brazil,” says social media fan site Later. “In Facebook previously launched a short-form standalone app Lasso, but it has failed to take off as yet.