Fintech Nexus Newsletter (December 21, 2023): Small business lenders must get ready for Section 1071

In Congress, anything that helps small businesses typically comes with bipartisan support. But section 1071 of Dodd-Frank is a little complicated. It is another section of Dodd-Frank that is still in the process of being implemented (the other being 1033). And many in Congress don’t like it. So what is Section 1071? At first glance, it […]

While more people are shopping online, they are increasingly concerned about their digital security. Might passkeys be the answer? Quintin Stephen believes they will help. Stephen is the global business lead and director of authentication for Giesecke and Devrient (G+D), a global security tech company based in Munich. He said his customers are seeing significant […]

We published more stories in 2023 than any year in our history as we ramped up our journalistic capabilities. It is a good thing because it was a big year for fintech news. Who could have predicted that crazy time in early March when Silicon Valley Bank imploded and it seemed like everyone in fintech […]

Instead of modifying decades-old transaction infrastructure, Spade provides better fraud protection by creating a new system. Customers like Sardine, Mercury, Unit and Ramp have improved their fraud models by more than 15% using Spade’s real-time merchant intelligence for the card ecosystem. Co-founder and CEO Oban MacTavish called providing clean network data the most significant fintech opportunity today. When he […]
![[Upcoming: January 17] High Performance Payouts: Why Real-Time Pay to Card is Revolutionizing Access to Cash](https://summaadvisory.co/wp-content/themes/summa-advisory/inc/assets/images/placeholder.png)
Real-time payouts have never mattered more in today’s digital economy. How can a real-time Pay to Card program help differentiate your business? In this webinar, our leading payment experts discuss how a real-time, card-based payments program can help fortify your business margins by providing your end users with control of their cash flow. Our experts will […]

Neu’s path to success will produce financially literate college graduates and a strong bottom line. The journey began in late 2023 with the release of the Neu Card, whose attributes include no late fees and interest charges, a maximum $1,000 spending limit, no Social Security number required, and no credit history or cosigner required. It […]

For our last post of the year, I thought we would do something a little different. I reached out to the CEOs of every major consumer lending fintech to ask for commentary on 2024. Most responded to me and there were some really interesting points to consider for everyone as we enter the new year. […]

Fintech leaders in Latin America expect investment capital to be more abundant next year, as interest rates worldwide reach a tipping point in early 2024 and the region benefits from secular trends such as nearshoring and relatively lower geopolitical risk. “2024 should be a better year for companies in Latin America,” said Andrew Seiz, Head […]
Fintech Nexus Newsletter (January 2, 2024): HSBC’s Zing to take on Wise, Revolut in foreign exchange

Happy New Year everyone! While some of us are still getting over our New Year’s Eve hangover we have our first major product announcement of the year. HSBC has announced Zing, a new retail-focused service offering inexpensive foreign exchange. The large banks. particularly in Europe, have mainly looked on with envy as startups like Wise and Revolut […]