F|T: The FinTech Times – PayPal embraces crypto

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Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.


Kik, SEC propose joint settlement, $5 million penalty (BETAKIT)

Kik and the SEC have proposed a joint settlement in the matter of Kik’s 2017 initial coin offering. A court has since approved the settlement.


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PayPal to open up network to cryptocurrencies (REUTERS)

PayPal Holdings Inc said it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.


The end of free bank accounts is bad news for Monzo and its rivals (WIRED)

Banks might be forced to charge millions of people to keep their bank accounts open. For FinTechs fighting to break even, it could be fatal.


Ant Group IPO pricing ‘history’s largest,’ says Alibaba’s Jack Ma (CNBC)

The listing could be the world’s largest initial public offering, surpassing the record set by Saudi Aramco’s $29.4 billion float last December.


I’m a Black woman in FinTech. My industry has to overcome its racism to survive (FAST COMPANY)

New finance players have a chance to be more inclusive — if they don’t fall into the patterns of their predecessors, says one online banking executive.


FinTech startups broke apart financial services. Now the sector is rebundling (CRUNCHBASE)

As FinTech companies mature, many no longer aspire to be the best at one thing.


How startups can build resilience into their business models (BETAKIT)

Wayne Cuervo, General Manager of Cisco’s Toronto Innovation Labs, offers three pillars that startups need to build resilient businesses.


Chinese FinTech company Lufax seeks up to $2.4 billion in U.S. IPO (WALL STREET JOURNAL)

Lufax Holding Ltd., a smaller rival to Chinese financial-technology giant Ant Group Co., is seeking to raise as much as $2.4 billion from an initial public offering in the U.S.


UK FinTech Mode jumps 9% on joining the Bitcoin bonanza, following the lead of US tech firms Square and Microstrategy (BUSINESS INSIDER)

London-listed FinTech Mode jumped 9% after announcing it would hold cash reserves in Bitcoin, following recent investments made by US tech firms Square and Microstrategy into the digital currency.


Anti-bias lending software developer Zest AI lands $15M (PYMNTS)

Zest AI, which is developing software that it claims will help wring the bias out of lending, just got a multimillion-dollar vote of confidence.


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.