Fintech Nexus Newsletter (January 29, 2024): Blue Ridge Bank is in “troubled condition” according to the OCC

It was only Thursday of last week when our lead story was about the challenges banks were facing in the Banking-as-a-Service space. Then Friday we learned that Blue Ridge Bank was hit with its second regulatory action in less than 18 months and is now deemed to be in a “troubled condition”. Kudos to our unofficial fintech […]

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Fintech Nexus Newsletter (January 26, 2024): PayPal CEO said it’s new announcements would “shock the world”…they didn’t

It is a bold or naïve CEO that prefaces a major announcement with the words, “This will shock the world”. New PayPal CEO Alex Chriss said exactly that in his first public interview since becoming CEO. That was a week ago and he was referring to major announcements that would happen at the company’s Innovation Day that […]

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SoFi reported Q4 2023 earnings, announces growth and profitability

SoFi reported earnings today for Q4 2023 and it was a blowout quarter despite the challenging macroeconomic environment. The big story was the company achieving profitability (officially GAAP net income profitability) in Q4, a first for SoFi. There was also a 35% year-over-year increase in adjusted net revenue, reaching $2.1 billion, and a significant boost […]

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Brands on Fire: Crayola Marketing EVP on Courting Educators for ‘Creativity Week’

Crayola’s just-wrapped “Creativity Week,” now in its third year, provides free learning resources for parents and educators to spark kids’ creativity in the classroom. But the brand’s EVP of Marketing, Victoria Lozano, says it’s not limited to art class. “Where we see the most implementation is in classrooms, and it’s specifically focused on using creativity […]

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When AI-Generated Customization Goes From Personalized to Creepy

While brands have long used artificial intelligence and machine learning to customize ads, personalization powered by generative AI is uncovering new obstacles for marketers. The issue at hand: When does personal cross over to creepy? A piece in AdExchanger look at how personalization can go right—and how it can go terribly wrong. “While brands have […]

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Building AI Brands: Be Human-Centric, Accurate and Strategic

When it comes to marketing AI brands themselves, navigating hype cycles, pushing the human-centric element and crafting high-tech storytelling present unique challenges to the brand-building exercise. An article in PRNEWS, penned by Vijay Chattha and Daniela Rodriguez of VSC PR, explores some tips on getting started. “While today’s AI market is rapidly growing, with thousands […]

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Bob Evans Selects PAR Technology’s Punchh® to Enhance Guest Experience and Loyalty

America’s Favorite Farm Fresh Restaurant Chain Brings Personal Touch to Dining Experiences with PAR Punchh’s Loyalty Platform [NEW HARTFORD], N.Y. (January 17th, 2024) – ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce solutions for enterprise restaurants, today announced that Bob Evans, the iconic family-style restaurant chain with 437 locations in the U.S. has […]

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Fintech Nexus Newsletter (January 25, 2024): PayPal CEO said it’s new announcements would “shock the world”…they didn’t

It is a bold or naïve CEO that prefaces a major announcement with the words, “This will shock the world”. New PayPal CEO Alex Chriss said exactly that in his first public interview since becoming CEO. That was a week ago and he was referring to major announcements that would happen at the company’s Innovation Day that […]

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SEC cybersecurity rule raises questions

The SEC’s new cybersecurity rule is designed to protect investors and ensure companies take security seriously. But it creates as many questions as it answers. Public companies must report material cyber incidents within four days. They must also describe its impact, including whether data was publicly disclosed and the steps they took to mitigate the […]

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The Evolution of Payments Rails: Shaping the Future of Financial Services

In a Nutshell The article explores the transformative evolution of payment rails in finance, predicting a reshaped landscape with key trends such as e-commerce surge, Open Banking adoption, and real-time payment shifts. It delves into unbundling financial services, the rise of innovative providers, and dynamic changes, examining the influence of open banking, real-time transfers, Super […]

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