For years, Big Tech has been edging in on financial services, largely without the regulatory constraints befitting a bank or credit union, despite operating similar services. But that may all come to an end soon if the CFPB’s latest proposal comes to pass. Yesterday, the CFPB proposed supervision of “larger nonbank companies that offer services like digital […]
Marqeta reported third-quarter 2023 financial results after the bell yesterday and overall it was a solid quarter. The company reported a total processing volume of $57 billion, which is a 33% increase year-over-year from $42 billion in the third quarter of 2022. They reported an adjusted EBITDA loss of $14 million in the third quarter […]
In this weeks episode of Let’s talk “a little” loyalty Tom Peace reviews the original podcast where Paula Thomas was joined by Stuart Evans, a Web 3.0 strategy advisor with a passion for understanding these emerging technologies Much has been made of Web 3.0, Crypto, NFTs and the metaverse as innovations for the loyalty industry and in this summary show Tom reviews […]
InformedIQ helps lenders find opportunities in today’s challenging environment while others pull back. The main difference is who embraces AI. Co-founder and CEO Justin Wickett saw how technology could help lenders provide fair credit access while lowering operating costs. With partners, they built a company with a mission to reduce the cost of credit using […]
Despite card payments now out-ranking ACH and checks as the payment method of choice for bills, 37% of American billpayers still use them regularly. ACH offers a better alternative to the friction and speed of checks, but users still experience problems. “Today, there are still trillions of dollars of business that runs on ACH and […]
Alana Levine, CRO, and Nicky Senyard, CEO and Founder of FintelConnect Hi guys, welcome to the Fintech Coffee Break. I’m your host Isabelle Castro. This week I shared my coffee break with Alana Levine and Nicky Senyard from FintelConnect to talk about affiliate marketing and the role of the influencer in building big name financial […]
After the highs of 2021, fintech funding came crashing down. As 2022 rolled out, it became clear the bubble was no more. As inflation started to creep up, cash-strapped startups started to fall, and the drops seen in public markets started to ripple into private. At the beginning of this year, the trend continued. Valuations […]
A new report from Trustwave SpiderLabs provides a rich description of the myriad of threats facing financial services companies. 2023 Financial Services Sector Threat Landscape covers prominent threat actors and tactics, breaks down the financial services attack flow into steps, and covers several common hacker entry points. Financial services firms are especially vulnerable to leaks […]
Last week, in a weirdly confusing yet optimistic press release, we heard that OG budgeting app Mint was shutting down and directing its customers to Intuit’s similar service, Credit Karma. To some, it may have come as quite a surprise. For at least a decade, Mint, launched in 2006, reported that its user base was […]
Photo credit: Anthropologie.com At an Advertising Week panel in New York City last month, Anthropologie Global CMO Elizabeth Preis spoke about the clothing brand’s journey toward becoming digitally-proficient, how it’s marketing to younger audiences and the company’s push toward creative diversification. Pandemic-Born Lessons As was the case for most companies that relied on a brick […]