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Massachusetts Mutual To Buy FinTech RIA Platform Flourish

PYMNTS

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed with Stone Ridge Asset Management , which has over $10 billion in assets under management (AUM), for MassMutual to acquire FinTech registered investment advisor (RIA) platform Flourish , according to a press release.

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CORO Global Brings Gold Payment App To Alabama

PYMNTS

With the approval in Alabama, CORO is now available in the Apple App Store and Google Play store to residents in 13 states: Florida, Alabama, Arizona, Arkansas, Alaska, Delaware, Idaho, Montana, Massachusetts, Oregon, South Carolina, Washington State and Wisconsin.

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The United States Of Fintech Startups

CB Insights

The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. Massachusetts.

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This week’s podcast episode: Recent enforcement activities of state attorneys general, with special guest Shennan Kavanaugh, Division Chief, Consumer Protection Division (CPD), Massachusetts Attorney General’s Office

CFPB Monitor

We then discuss key issues of CPD concern and enforcement activity in specific areas, including mortgage servicing, auto sales and financing, debt collection, fintech/new technologies, and buy-now-pay-later. We also discuss how a company’s self-identification/self-remediation of violations factors into the CPD’s enforcement approach.

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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

This week, FinTech EMTECH said it’s launching a compliance platform in collaboration with Microsoft to help central banks test their respective CBDCs. Meanwhile, the Boston Fed has been working with the Massachusetts Institute of Technology to explore the necessary tech infrastructure.

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Podcast: Reducing the friction in banking

ABA Community Banking

Anne Tangen, a bank IT expert-turned-CEO at BankFive in Fall River, Massachusetts, talks about BankFive's efforts to reduce friction in the account opening process, as well as her work to smooth the path for talented women in the community bank C-suite.

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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Connecticut-based healthcare and FinTech investor Oak HC/FT led the funding. the New York investment advisory firm; Sound Ventures, the Los Angeles venture capital firm co-founded by Ashton Kutcher; and Y Combinator, the seed money startup accelerator based in Cambridge, Massachusetts.

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