The following is a guest post by Nidhi Verma, Vice President of International Research and Consulting for TransUnion Being “credit visible” presents life-changing benefits for consumers across all life stages. For millions, credit inclusion allows for economic advancement and upward mobility. So why are there still people who are credit invisible? One of the most […]
Buy Now, Pay Later (BNPL) credit models are growing in Latin America’s fintech sector, with significant investment transactions recorded this year even as rising rates deter risk appetite. Last month, Mexico-based BNPL firm Nelo secured $100 million in a loan facility from Victory Park Capital, the latest illustration of growing interest in the buoyant sector. […]
Washington’s “crypto darling” has fallen. Sam Bankman-Fried made a name for himself in the finance sector as “the face of crypto” much to the growing dismay of many in the crypto industry. For months, the FTX founder engaged with regulators and donated funds to senators, carefully constructing an image of dependability — the “savior” of […]
In its third quarter as a publicly traded company, Nubank, Latin America’s largest digital bank, has finally reached breakeven, sending bolstering signs that ripple across the regional fintech ecosystem. Facing pressure from investors, fintech companies in Latin America have been increasingly focused on showing a path to profitability. At $7.8 million, Nubank’s net income, albeit […]
Someone had to be first. More than a decade before the word fintech became a thing we had the original fintech bank, First Internet Bank. As the name implies they were the first bank to operate completely online when they launched in 1999. In many ways they have been a trailblazer, paving the way for a […]
Thanks again for tuning into this week’s episode of PitchIt. I sat down with Able’s Co-Founder, Diego Represas. Diego Represas of Able Commercial lenders use Able to quickly collect information from borrowers, streamline the loan process, and book loans faster. The commercial lending process is still very document-driven; while many documents have moved online, the overall market is […]
As the FTX avalanche rolls down the hill, fintechs worldwide hope to stay out of its destructive path. Technologists who called crypto the future celebrated as venture capitalists that poured billions into the fledgling industry now turn to fintech practitioners for advice. The biggest question for them is: will we be wiped out next? Mike […]
The following is a guest post by Ozan Unlu, CEO of Edge Delta. If you’re a fintech offering personal finance, digital banking, or investment trading mobile app, you know the importance of high performance (speed and reliability). You must also know that the bar for user satisfaction with mobile app performance is increasing daily. Studies […]
Less than two weeks ago, Bahamas-based crypto exchange FTX was regarded as one of the most respected companies in the industry. It has now filed for bankruptcy, and as liquidators scramble to classify assets, its collapse has delivered a knock-on effect across the entire ecosystem. FTX’s crumble last week severely eroded confidence in the sector […]
Countries and organizations around the world are exploring the capabilities of CBDCs. For some time, the Bank of International Settlements (BIS) has been in its midst. BIS has launched its latest project, exploring cyber resilience, scalability, and privacy in a prototype CBDC. The project is titled, Tourbillon and could shape the development of CBDCs to […]