Even the Masters of the Universe can’t break into UK Retail Banking This is all about Goldman Sach’s somewhat forlorn attempt to break into the UK’s retail banking market with its Marcus initiative. Surely the Masters of the Universe with plenty of brains, deep pockets, plenty of confidence could brush away stuffy old outfits […]
After more than two years and 130 posts, we are concluding our regular programming on this channel with the following three items, all hailing from XBRL International. Thank you Bernard for providing this platform! Please continue following what’s happening in the world of XBRL by following XBRL International on Twitter and yours truly for tidbits on […]
Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins and Crypto are stable whilst everything else is volatile! This week, I noticed an interesting thing while researching how successful Binance’s conversion of their customers from USDC to BUSD has been. You may remember a few weeks back, Binance announced it […]
During the pandemic, many immigrant workers in Latin America had little sources of income to rely on. Amid stringent lockdowns and business closures, many workers in the informal job market pivoted to delivery apps to make ends meet. For those endeavors, having dependable transportation made a massive difference at the time. But in Latin America, […]
Nomad is expanding its operations and increasing the possibilities for capital allocation to global assets. Nomad provides international bank accounts and an investment platform for Brazilians. Launched first only as a provider of banking solutions, with a dollar account and a debit card accepted in over 50 countries, the fintech was founded in 2019 by […]
A decade ago, to say the Latin American fintech industry was nascent would have been an overstatement. While there were a handful of enterprising startups, no one had achieved much scale and there was very little funding available to help. And yet, these bootstrapping entrepreneurs were at the forefront at what would soon be a […]
The news was led by Goldman Sachs again this week as we learned the details of their restructuring. Mastercard is getting deeper into crypto, the CFPB is in turmoil, Voyager Digital customers may get 72% of their assets back and Chase is looking to move into small business payments. Here are what I consider to […]
LAS VEGAS, Nev. — Regulators have traditionally responded to bad actors in financial innovation by attacking the underlying technology versus those wielding it as a weapon. That key theme emerged from the opening-day session at Money 20/20 in Las Vegas Sunday in the Web2.5 Summit track. Jai Ramaswamy is chief legal officer for Andreesen Horowitz, […]
N26 has been in the headlines recently, and not always for the right reasons. Last week on Oct. 11, 2022, they announced increased losses over the past two years and a slowdown in customer growth. This followed a year of setbacks from what is reportedly one of Europe’s most valuable neobanks. However, on Oct. 20, […]
From coins and notes to electronic currency, the history of money is constantly being written. Now it’s becoming increasingly digital, and with the advent of cryptocurrencies, many central banks are considering issuing their virtual currencies. In Latin America, regulators have shown a growing interest in the technology that powers cryptocurrencies to promote financial inclusion. At […]