Google Pay Omar Marques | LightRocket | Getty Images Google is scrapping its plans to offer banking services directly to users. The shift comes nearly two years after the company first announced its banking plans and several months after a key executive leading the project departed. In 2020, Google said it would let users open a bank account through its Google Pay app, in a partnership with Citigroup and Stanford Federal Credit Union beginning in 2021. At the time, Google said it would offer a… Source link

Google CEO Sundar Pichai (Photo by Pradeep Gaur/Mint via Getty Images) Hindustan Times via Getty Images OBSERVATIONS FROM THE FINTECH SNARK TANK The Wall Street Journal announced that Google is abandoning plans to offer the Google Plex checking account, announced in November 2019. According to the WSJ: “A Google spokeswoman said the company would now focus primarily on delivering digital enablement for banks and other financial services providers rather than… Source link

Advertising Disclosure: This article is sponsored by one or more of the featured brands. © Provided by Slickdeals As much as social media would like you to believe in the ease of entrepreneurship, building a business is certainly no small feat. But if you’ve managed to overcome those initial hurdles and gained some traction, the next step is to ensure that your passion project continues on a path of growth. One way to do so is by expanding the reach of your business… Source link

Advertising Disclosure: This article is sponsored by one or more of the featured brands. As much as social media would like you to believe in the ease of entrepreneurship, building a business is certainly no small feat. But if you’ve managed to overcome those initial hurdles and gained some traction, the next step is to ensure that your passion project continues on a path of growth. One way to do so is by expanding the reach of your business with online advertising. Now, before you get… Source link

Bitcoin (BTC-USD) spiked by more than 10% on Friday, joining cryptocurrencies in a broad relief rally as investors cheered constructive remarks from officials about the industry’s regulation. Battered by developments in China and a volatile environment for risk appetite, digital currencies had a rough September. However, signals this week from U.S. regulators also appear to have given sentiment a boost, sending Bitcoin to its biggest intraday rally since July.  Other cryptocurrencies like… Source link

Vaccine mandates had been a contentious issue long before President Biden called on all employers with more than 100 employees to require workers to be vaccinated or be tested weekly. But some CEOs welcome the idea.  “We haven’t seen all of the details on it, but frankly, we’re thrilled that the playing field is being leveled … We had been talking about installing mandates across our company. This is really the only way to get the COVID-19 pandemic under control,” Tim Boyle, CEO of… Source link

For investing pioneer Alec Gores — who has made his name in recent years via very successful SPAC transactions with Hostess and Luminar — cutting a large check to help bring upstart electric vehicle maker Polestar public just makes good sense.  It simply checks all the boxes, Gores says. “We literally see so many deals. The first thing is we vet things out quickly. Then we have a lot of conversations around things we find. The art is to start with a great company with the potential to be… Source link

Buy now, pay later platform Affirm is about to go toe-to-toe with a standard bearer in the payments space: the good old-fashioned debit card.  The company told investors at an event this week it’s moving closer to a broad rollout of its new debit card, which will allow for installment payments.  “It’s a card that works with your existing checking account. You don’t have to switch your banking relationship. You get the new card from us, swipe it and use it the way you normally would. You get… Source link

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On Monday at 7:16 p.m. EDT, a weird email hit my inbox. Robinhood (HOOD), the online brokerage that has shaken up retail investing, told me it had approved an account in my name. A second email the next day urged me to link my bank account to Robinhood so I could trade my first stock. This was strange because I’ve never contemplated trading individual stocks. Sure, I work for a news site with a large audience of retail investors, but I’ve never been part of those ranks. While initially I… Source link