Can Blockchain Build a Better Bank? Experts Weigh In—The Ledger

Can blockchain build a better bank? That was the subject of a roundtable discussion I attended (and co-programmed) at Fortune’s inaugural Brainstorm Finance conference last month. The conversation, moderated over lunch by my colleague Jeff Roberts, was a wide-ranging one. It covered the evolution of decentralized technologies, the path forward with respect to regulation, and […]

Fintech Trends for 2020— Facebook Project Libra, Amazon, and Millennials: The Ledger

Now that we’ve had a little more than a week to decompress from our time in Montauk for Brainstorm Finance, we’ve been reflecting on everything we learned and culling the key trends that emerged from our discussions with top executives. That’s why, in lieu of a guest on this week’s “Balancing the Ledger,” the three […]

Disrupting the Dollar, Gold vs Bitcoin, Marvelous Montauk —The Ledger

On the shores of foggy Montauk, tech and finance executives gathered last week at Fortune’s Brainstorm Finance to talk about big ideas. Notably, they explored how the ethos of Silicon Valley is seeping into Wall Street, and asked whether big banks will be displaced–or if the old guard of the financial world will simply appropriate […]

Exclusive: Wells Fargo-Favored Mortgage Master Blend Raises $130 Million

Blend has raised $130 million in new venture capital funding. The cash injection likely puts the San Francisco-based fintech startup within striking distance of “unicorn” status, meaning a private valuation of $1 billion or more. The terms of the deal, including the latest valuation, were not disclosed. A source close to the deal who was […]

Citi CEO: In an Age of Fintech Disruption, Don’t Sleep on the Bank Branch

To thrive in the digital age, big banks need a two-pronged approach that spans the traditional and the new: a broad physical branch network that caters to Baby Boomers and a robust online (and mobile) presence for Generation X and Millennials. Sure, financial technology–or “fintech”–disrupters will pick their spots and target specific channels such as […]

Wall Street Is Taking Cues From Silicon Valley to Innovate Fintech

Despite a slew of mobile apps designed to help us budget better, it still wouldn’t be considered shocking to bring “a shoebox full of documents” to apply for a mortgage. That’s according to fintech startup Plaid CEO Zach Perret, who spoke at Fortune’s inaugural Brainstorm Finance event in Montauk, N.Y., on Thursday. A Silicon Valley […]

‘It’s Just Lazy’: Current’s CEO Lashes Out at Facebook’s Calibra for Its Similar Logo

Facebook announced ambitious plans this week for a new digital currency called Libra along with a subsidiary, Calibra, that will offer digital wallets for storing Libras. Now Facebook is facing criticism for a related detail: Calibra’s new logo looks a lot like an existing one from fintech startup Current. Current, which calls itself “the bank […]

Exclusive: Fintech Startup Tally Raises $50 Million to Automate People’s Finances

Tally, a San Francisco-based financial technology startup, has raised $50 million in new venture capital funding. Founded in 2015, Tally aims to automate the financial services of consumers at low cost. The company’s first product, released last year, offered an automatic credit card debt payment service. In March, the firm added an automatic savings account […]