In an era where technology is the cornerstone of innovation, Application Programming Interfaces (APIs) have emerged as the centerpiece of data exchange, enabling seamless interactions between diverse systems and platforms. These intricate digital gateways have not only transformed the landscape of industries but have particularly revolutionized the banking sector. APIs are important today because they […]
It has finally happened. More than a decade after receiving the first spot bitcoin ETF application the SEC gave its approval yesterday. While this was widely expected, it wasn’t a slam dunk as demonstrated by the tight vote: 3-2 in favor with SEC Chair Gary Gensler providing the deciding vote. In total, 11 spot Bitcoin ETF applications […]
Risk teams today have a challenging job. New threats continue to emerge, often more complex and sophisticated than previous efforts. At the same time, fintechs are expected to grow by providing a seamless customer experience. Investment in an integrated platform for managing fraud, credit, and compliance risks is no longer optional —it’s imperative. In a […]
If you’re a lender, you have a fraud problem! Fraud is an unfortunate reality of every single lending business, because if your product is money, someone will try to steal it. As a potentially major component of a lender’s P&L, loan losses from fraud can be a costly issue. In fact, every $1 lost to […]
In a blog post yesterday describing their 2024 plans, we learned that X will be launching peer-to-peer payments later this year. We know that the company has been slowly obtaining money transmitter licenses as it builds out its payments capabilities. But this is the first time we have heard about concrete plans to launch a payments service. There was no detail […]
Small business lending is more complicated than consumer lending. Both have term loans and lines of credit but in small business you also have SBA loans, revenue-based financing, merchant cash advances, venture debt, equipment finance, invoice factoring, asset-based financing and more. This leaves a lot of room for unscrupulous lenders to charge hidden fees on […]
[Editor’s Note: American Banker had some inaccuracies in their coverage of this story so you should read their corrected piece here. Suffice it to say that much of the featured story below is inaccurate as we relied on American Banker’s initial coverage]. Fraud is going to be top of mind for all financial institutions in […]
Together with Provenir, we 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. We wanted to understand their risk decisioning challenges, customer management priorities, and confidence in the accuracy and flexibility of their risk models. We summarized the findings […]
After they famously imploded in March 2023, you could be forgiven for thinking that Silicon Valley Bank’s fintech business was done. Not so. This time last year SVB was still the go-to bank for fintech companies, with the vast majority of venture-backed firms as clients. That changed in March. In a fascinating update to start the year, […]