As the largest neobank in Latin America with over 100 million clients, Brazilian fintech Nubank, backed by Berkshire Hathaway’s Warren Buffett, has well surpassed the break-even mark, reporting profits exceeding $1 billion. Now, it aims to expand further into the credit market, a crucial area largely untapped by Latin American fintechs yet critical to maximizing […]
Fintech infrastructure is still hot. As earnings season wraps up, we heard from nCino yesterday as they reported on their fiscal first quarter, which ended on April 30. The company reported revenue of $128 million in Q1, up 13% from the same quarter last year. Demand for its single-platform cloud banking solutions and AI offerings remains strong. […]
Enjoying our podcasts? Don’t miss out on future episodes! Please hit that subscribe button on Apple, Spotify, YouTube, or your favorite podcast platform to stay updated with our latest content. Thank you for your support! Anthony Sharett, President of Pathward [Editor’s note: This interview was recorded on April 16, six days before the news of the Synapse bankruptcy and […]
[Editor’s note: I recently appeared on the Podcast Gurus podcast, where I talked about podcasting and how it has impacted our business. My interviewer, Guillaume Jouvencel, penned this article about our discussion.] The Fintech industry is constantly evolving, and podcasts are a great way for people in the industry to share ideas and build a […]
The class-action lawsuit against Navy Federal has financial institutions revisiting their fair lending practices and considering how AI fits in. For Amount’s director of decision science, Garrett Laird, the conversation is nuanced. According to CNN, the close-to-29-point gap in Navy Federal’s approval rates was the widest among the top 50 mortgage lenders in 2022. It […]
Here is another use case for generative AI. BNPL giant Klarna is using Gen AI to run marketing campaigns and generate images. The company is using Gen AI tools such as DALL-E, Firefly, and Midjourney to generate images, which alone saved the company $6 million. But it is not just about saving money. These images are also […]
Americans today are dealing with a healthcare affordability crisis. With inflation at its highest in 40 years, consumers face progressively unaffordable prices, higher-deductible health plans, and more copays, all putting a financial strain on the average U.S. household. In the last five years, family coverage premiums have increased by 22% and deductibles have risen at […]
The Buy-Now-Pay-Later market in Mexico is evolving beyond the realm of digital commerce, also emerging as a viable alternative to cash for in-store transactions at brick-and-mortar establishments. In the past few years, several BNPL providers have popped up in the country to address the underbanked, a segment of the population that accounts for nearly half […]
Last month, it was Chase, this month, it is PayPal launching a new ad business. PayPal has hired Uber’s former head of advertising to run PayPal Ads, the new division that will be selling targeted ads based on its customer data. Let’s consider PayPal’s scale for a second. In the first quarter alone, PayPal processed 6.5 billion payments […]