Interested to learn more about what's happening in fintech this week? Mary Wisniewski, Bankrate's banking and fintech editor, is sharing what stories she has her eyes on this week and what they could mean for you.
Simple, one of the OG challenger banks, will no longer exist. I couldn’t take my eyes off this news. The Simple brand proved to bankers and entrepreneurs across the world that one could redo banking, inspiring all kinds of people to follow suit. Think of Simple as akin to the final dance scene in “Dirty Dancing” -- not the same old dance number, but banker edition.
Online banker Simple, one of Portland’s most prominent tech businesses for the past decade, is shutting down as part of its parent bank’s own sale …
Walmart revealed it's launching a fintech startup
Walmart made a big media splash this week by revealing that it is creating a fintech startup with an investment firm. While so many companies want to get into fintech (snooze), Walmart has tons of customers, including those who lack bank accounts. It could do something notable for an audience who is underserved and/or dream up products that help hourly workers. It could also create something that gets lost in a big organization’s labyrinth of red tape. TBD.
New York (CNN Business) — Visa and fintech startup Plaid have terminated their $5.3 billion merger agreement after facing a legal challenge from the Department of Justice. The proposed deal was announced...
millionaires are locked out of their Bitcoin fortunes due to forgotten passwords
I love the way Nathaniel Popper covers fintech -- always an interesting angle. Including this one. And yes, it hits home. Yours truly happens to have forgotten her private keys.
To hear more audio stories from publishers like The New York Times, download Audm for iPhone or Android. Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure...
The news and you
Want to learn more about how this week's fintech news could affect you? Here are a few more in-depth articles that go into the respective subjects.