While it is not yet a wave, fintech consolidation is starting to pick up. And yesterday we learned of another deal, this one in the investing space. While this deal was telegraphed a few months ago there was an official announcement yesterday. Leading investment fintech Yieldstreet is acquiring the real estate platform Cadre. Terms of the deal were not disclosed but […]
Financial institutions struggle to meet consumer demand for more payment types, mainly because they lack the proper data science capabilities. This drives suboptimal strategies like layering multiple payment types. That ad hoc approach slows institutions’ abilities to add the most sought-after payment types. By the time they offer a popular payment method, they could be […]
Matt Bodkin Matt is a seasoned editorial cartoonist with a Bachelor of Fine Arts from Long Island University. He brings a strong background in the newspaper industry and skills in arts and design to his work. He aims to distill complex issues into funny doodles that resonate with readers. View all posts .pp-multiple-authors-boxes-wrapper.box-post-id-45383.pp-multiple-authors-layout-boxed.multiple-authors-target-shortcode.box-instance-id-1 .box-header-title { […]
Europe has always been far ahead of the U.S. when it comes to instant payments. This week, they are taking another step forward. Swift announced today that the European Payment Council’s awkwardly named One-Leg-Out Instant Credit Transfer scheme (OCT Inst) went live this week and it enables payments to and from Europe to be processed 24 hours […]
Digital lending platforms have emerged as financial industry game-changers, revolutionizing the way people access credit. These platforms offer unprecedented convenience and accessibility, helping make loans available at the click of a button. However, as with any innovation, there are potential pitfalls that could have far-reaching consequences. One pressing issue faced by digital lenders is the […]
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! There are many options for raising growth capital for established startups. With all the attention paid to venture capital, we sometimes forget that the […]
We have known for some time that the Apple-Goldman relationship was on shaky ground. And that Apple Card might be getting a new home. The Wall Street Journal is reporting that Apple has indeed decided to move on from Goldman in roughly 12 to 15 months. This will mean both the Apple Card and the savings account (that was […]
Buy Now Pay Later (BNPL) products have gained popularity among consumers in recent years primarily because of the speed and convenience they offer. Nevertheless, they are not without their own set of challenges. For instance, integrating BNPL into brick-and-mortar stores can be a complex and time-consuming task, given that physical stores employ a myriad of […]
The higher your credit rating, the more likely you are to feel good about the current state of credit. That is a key takeaway from TransUnion’s Q3 2023 Quarterly Credit Industry Insights Report. Higher interest rates and inflationary pressures are driving many to tap existing credit lines more than ever. Affordability challenges and higher debt […]
Every quarter TransUnion releases its Credit Industry Insights Report. Their latest issue, released earlier this month, has some very interesting data. Tony Zerucha shared some key takeaways from the report, leading off with the $995 billion in total card balances at the end of Q3, up 15% year over year. With the recent resumption of student loan repayments, […]