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“Fintech unicorn” WB21 faces securities fraud enforcement action from SEC

Michael Gastauer, CEO of WB21 digital bank, is facing a lawsuit for selling $165 million worth of fraudulent microcap stocks.

On October 2nd, the US Securities and Exchange Commission (SEC) revealed a lawsuit against Michael Gastauer and Roger Knox for “intentionally defrauding investors by secretly dumping large quantities of stock.”

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Banks, Fintech news, Hotnews

October 11, 2018

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The banks of Google, Facebook and Amazon

By Matthew Hussey for the Verge

Does that headline excite you? Well, according to a recent study, there are a lot of you that would happily hand over the responsibility of keeping your money safe to either Google, Facebook or Amazon. But weirdly, not Apple? (more…)

Fintech news, Global trends, Hotnews

May 6, 2016

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Why a former trust company launched a digital-only bank

By Mary Wisniewski for the American Banker Magazine,

Rather than partner with a neobank, a more than 45-year-old Canadian financial services company chose to build a digital-only brand to acquire retail customers and to control the user experience. (more…)

Banks, Fintech news, Mobile-first banks

February 4, 2016

2157

The Future of Financial Services

World Economic Forum “The Future of Financial Services” report. How disruptive innovations are reshaping the way financial services are structured, provisioned and consumed

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Analytics, Fintech news

July 1, 2015

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Fintech: Rebooting Financial Services

FINEXTRA: Having occupied relatively safe niches, such as payments and P2P-lending, fintech companies are now moving toward the core banking business. For them it is a multi-billion dollar opportunity to reinvent the financial services, but they won’t cope without the support of the current banking industry, according to the report by Santander InnoVentures, Oliver Wyman and Anthemis Group. Read the report  (more…)

Analytics, Global trends

June 18, 2015