Startup investment firm Bain Capital Ventures launched a $560M fund focused exclusively on crypto projects.
Visa and Mastercard’s fee changes are set to arrive in April and could lead to industry pushback or the embrace of alternatives.
Fintech eyes exotic offshoot of crypto derivatives: Cega bagged $4.3M in seed funding ahead of launching an inaugural retail investor product that aims for both an attractive return and downside protection.
Startup promotes saving in US dollars as wealth protection: Bloom aims to help people in Sudan blunt the impacts of inflation and currency weakness on their wealth.
Early adopters of UK open banking changes see most benefit: Regulatory changes designed to benefit consumers are on track to take effect this year. Firms that are slow to adapt risk losing out to nimbler competitors.
Senior Democrat Ron Wyden warned excessively stringent regulation could stifle innovation.
Fed signals that banks can get bigger—but not by too much: The central bank approved M&T Bank’s combination with People’s United Bank, noting that the enlarged company won’t be big enough to limit competition.
Sberbank and others are looking to China’s state-backed UnionPay to combat Visa and Mastercard’s exit from Russia.