Open banking is shaking up financial experiences for customers across the globe (iStock).
Open banking is set to shake up financial experiences for customers across the globe, enabling customers to allow third parties to access financial information needed to develop new apps and services. Fintech Beat sits down with the head of policy at Plaid, a unicorn fintech sitting in the middle of the revolution, to discuss the process of information sharing and how regulation shapes it.
Brad Garlinghouse (left), CEO of Ripple, sits with Chris Brummer, co-founder of Fintech Beat, at last week's Fintech Week. (Photo by CQ Roll Call)
Brad Garlinghouse, CEO of Ripple, sits down with Fintech Beat's Chris Brummer about the state of his company, XRP, Facebook's Libra, Cryptocurrency, and the vast universe of the regulatory unknown.
The view Mark Zuckerberg, chairman and CEO of Facebook, will have during the House Financial Services hearing intended to examine the impacts of Facebook on the financial services and housing sectors on Wednesday. (Bill Clark/CQ Roll Call)
Mark Zuckerberg, the chairman and chief executive officer of Facebook, told a House Committee on Wednesday the company has faced “a challenging few years” but argued plans to launch a new cryptocurrency called Libra would have a positive impact for society.
Remittances are poised to grow to $550 billion this year, making them the single biggest source of external funding for recipient economies, according to the World Economic Forum. More money is pumped into developing countries this way than by direct investment. But it's often costly and inefficient. Fintech, specifically blockchain technology, may be able to help.
U.S. Securities and Exchange Commission at the SEC in Washington. (Photo By Bill Clark/CQ Roll Call)
Uncertainty is the bane of the crypto industry, with limited predictability about the scope of securities laws. That's because there is little agreement on when a cryptocurrency is considered a security. Block.one found out the hard way. Fintech Beat explores what the company's settlement with the SEC means.
The Internal Revenue Service building is pictured in Washington (Photo by Caroline Brehman/CQ Roll Call)
Grammy award winning hip hop star T.I. (a.k.a. Clifford Joseph Harris Jr.) talks to the media as he arrives on the "green carpet' at the 9:30 Club to participate in the Hip Hop Caucus' event to launch their get out the vote campaign on Monday, July 28, 2008.