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Top 10 Fintech News Stories for the Week Ending December 19, 2020

December 19, 2020 By Peter Renton Leave a Comment

Views: 228

Here are what I consider to be the top 10 most important fintech news stories of the past week. Again, IPO news leads the top stories of the week.

Affirm Postpones Its Initial Public Offering from The Wall Street Journal – Affirm announced last weekend that they would be delaying their IPO until January at the earliest amid concerns about the first day price jumps of other tech companies.

Coinbase files to go public confidentially and we’re hyped from TechCrunch – The leading crypto exchange announced that it has filed confidentially to go public and will likely hit the public markets in early 2021.

Upstart Completes Their IPO, Soars 47% on Trading Debut from Lend Academy – And now to a company that actually did take the plunge this week. Upstart had a phenomenal trading debut and has continued to climb since this article was published.

Green Dot And The Future Of Banking-As-A-Service from Forbes – While the banking as a service sector heats up Ron Shevlin talks with the CEO of Green Dot about their plans there as well as how they are taking on the challenger banks.

Robinhood Financial to Pay $65 Million to Settle SEC Probe from The Wall Street Journal – Robinhood’s regulatory challenges keeps making news and this week we learned they settled with the SEC for $65 million on claims that they didn’t sufficiently disclose their business deals with high-speed trading firms.

Banks can’t ride fee income gravy train much longer from American Banker – Banks saw significant increase in fee income in 2020 but that is expected to reduce in 2021 and 2022.

German fintech N26 eyes more fundraising before IPO in 2023 -CEO from Reuters – Valentin Stalf, the CEO and founder of N26, said that while the digital bank is aiming to break even by the end of 2021 they will likely do one more fundraise before a 2023 (at the earliest) IPO.

Nubank: A LatAm Fintech Valued at $10 Billion and Growing Fast from Crowdfund Insider – Nubank is the largest digital bank in the world (excluding China) with more than 30 million customers. JD Alois digs into the recent keynote at LendIt Fintech LatAm with the CEO of Nubank, David Vélez.

Banks Have Made Big Digital Gains, But Is It A Double-Edged Sword? from Forbes – Banks made tremendous gains in digital engagement with their customers this year but in the world of digital a new bank relationship is just a click away.

Spring Labs Slashes Consumer Loan Fraud Using Novel Data Network from Fintech Finance – I love what Spring Labs is doing and as they start to ramp up they are making a real difference in fraud prevention.

Filed Under: News Roundup

Views: 228

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ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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