FinTech Update: April 2019

Mastercard Backs Out of Earthport Deal, Acquires Transfast Mastercard’s bidding war with Visa for payment-technology firm Earthport intensified in February, capped off by a $320m offer by Visa that forced Mastercard to drop out. One month later, Mastercard announced that it had agreed to acquire a different cross-border payment startup, Transfast. Transfast does not have…

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FinTech Update: March 2019

Signature Bank and JP Morgan Launch the First US Bank-Backed Crypto Tokens When JP Morgan announced its rollout of the “JPM Coin”, the dollar-backed token was hailed as the first of its kind. However, it seems that Signature Bank was the first US Bank to back a crypto token with its January 2019 launch of…

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FinTech Update: November 2018

Deutsche Bank Opens its IT Systems This month, Deutsche announced it would open its API software and allow third-party providers, namely fintechs, to utilize their client data in application development. They actually began this program in 2016 when they hosted their API hackathon, allowing 14 teams to access their data for use in the competition.…

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