At some point, nearly every customer experiences a missed payment. Life is hard, something unexpected happens, and people find themselves without the funds to make ends meet. This is especially true today as 49 percent of Americans are currently overextended on their credit cards. Lenders, already in a position to ask why and to collect […]
The SEC has not had a great track record in court cases against crypto firms in the last few months. And another important case is playing out right now in a New York federal courtroom. Back in June of last year the SEC sued Coinbase arguing that it was operating illegally and that it should register as […]
I keep thinking about this column from Alex Johnson last month around financial health and savings. To me, one of the biggest disappointments around the past decade of fintech innovation is how little we are moving the needle for the financial health of consumers. There are plenty of great tools that have been developed in […]
The long-awaited new overdrafts rule from the CFPB was unveiled today. Since Rohit Chopra took over as head of the CFPB in 2021, they have made it clear that they were going after overdraft fees and this proposed rule is the culmination of those efforts. The proposed rule gives banks two options on how to approach overdrafts. […]
The new Mighty Oak Visa debit card from Acorns has a solid foundation for success says a representative from long-time partner Helix by Q2. GM Ahon Sarkar said he’s not surprised by Acorns’ prosperity since the two companies first partnered seven years ago, which is an eternity in fintech. Debuting in mid-November 2023, the Mighty […]
Today, a new global report was released from Nasdaq and Oliver Wyman on illicit money flows and the numbers are sobering. The Global Financial Crime Report quantifies the total amount of illicit financial activity and the number is an eye-popping $3.1 trillion. Included in this number is bank fraud covering payments, checks and credit card fraud which […]
We’ve surveyed over 300 global decision makers from a variety of financial services providers and fintechs to discover their key challenges and priorities in 2024 and beyond. Ready to see how your organization aligns? Get all of the insights now in our 2024 Global Risk Decisioning Surve In this whitepaper, we discuss: • Risk decisioning […]
The impact of AI in financial services will gain a renewed focus on Capitol Hill. There has been an AI task force on the House Financial Services Committee for some time but we learned late last week that a new bipartisan working group on AI has been formed. This new working group will look at how AI […]
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! The small business lending space has seen a lot of innovation over the last decade with fintech leading the way. But there is still […]
Two years ago, before the crypto meltdown of 2022, stablecoin issuer Circle announced that it was going to go public via SPAC at a $9 billion valuation. But then, you know, 2022 happened (Celsius, 3AC, Luna, BlockFi, FTX, etc). So plans were quietly shelved in December of that horrible year for crypto. 2023 was a very different year. Bitcoin […]