Tag: US
BofA, HSBC to innovate trade finance through blockchain
Bank of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore (IDA) have teamed up to develop a blockchain prototype for trade finance innovation. Read more: www.bankingtech.com
US government to auction $1.6m in seized bitcoin
The US government plans to auction over 2,700 bitcoin that were forfeited during several cases, including that of online black market Silk Road. Read more: fortune.com
DriveWealth expands APIs to support investment advisors
DriveWealth, a New Jersey startup providing retail investors and ordinary consumers with access to the US stock market, is expanding its APIs to cater to investment advisors.
Square loses general counsel Dana Wagner
Square’s general counsel Dana Wagner is stepping down from his role at the end of September after five years at the payments firm.
FinTech team wants to take banking to the Echo
With the work done by the Hillsboro-based team at Fiserv requesting your bank balance could be as simple as, "Alexa, what's my balance?". Read more: www.bizjournals.com
Partner departs bitcoin-focused VC firm Pantera Capital
Steven Waterhouse is leaving his role as partner and CTO at bitcoin and blockchain-dedicated VC firm Pantera Capital.
VBO teams up with Payworks of POS card payments
VBO Tickets is partnering with mobile card reader Payworks to integrate the company’s device into VBO’s mobile apps.
Lending Club’s losses grow as CFO resigns
Following the ousting of its former CEO Renaud Laplanche, peer-to-peer marketplace Lending Club continues to struggle, posting widening year-on-year losses for Q2 2016.
TIAA buys online lender EverBank $2.5bn
Financial service firm TIAA is acquiring online lender EverBank for $2.5bn, as the firm seeks to build out its banking services.
Prosper in talks to sell $5bn worth of loans
Peer-to-peer lending firm Prosper is in talks with a group of investment firms to sell $5bn worth of loans over the next five years.