SEC sues cryptocurrency exchange Coinbase, Shopify completes the sale of its logistics business to Flexport, and Marqeta’s survey reveals surging consumer confidence in embedded finance
SEC sues cryptocurrency exchange Binance, online banks see inflows of deposits, and Wall Street analysts remain optimistic about PayPal
JPMorgan Chase eyes expansion to Continental Europe and Brazil, Stripe enters the credit card market, and an FIS survey finds that U.S. financial firms plan to invest heavily in embedded finance
Apple's Savings Account customers face challenges with withdrawals, Nubank partners with Uber to enable paying for rides with NuPay, and Adyen launches an instant payout service
Affirm partners with Worldpay from FIS to bring BNPL products to Worldpay’s merchants, BILL sees strong upsell opportunities for Divvy, and nCino revenue decelerates on weaker demand from larger banks
SoFi stock rises on an earlier restart of student loan payments, dLocal confirms inquiry from Argentine authorities, and Marqeta closes its operations in Australia
Upstart, Shopify, and Nubank are leading the Fintech stock rally of 2023
dLocal stock plummets on new allegations, Klarna losses narrowed in the first quarter of 2023, and J.P.Morgan is building a ChatGPT-like investment advice service
SoFi’s CEO, Anthony Noto, defends the use of fair value accounting, PagSeguro rebrands into PagBank, and Klarna launches a credit “opt-out” feature
Notes from J.P. Morgan Technology, Media & Communications Conference: Toast’s management sees multiple levers for further growth, Marqeta’s new CEO revamps sales strategy, aims for profitability
Venture firm QED raises $925 million to invest in Fintech startups, Airbnb partners with Stripe to enable paying for stays with bank payments, and Visa to open a technology and product hub in Poland
Wise CFO will depart the money transfer firm next year, PayPal’s Venmo introduces accounts for teens, and Australia plans to regulate the Buy Now Pay Later industry
