Fintech firms aiming to sell generative AI services to banks would be wise to heed the AI fears, concerns, and preferences of bank executives and their corporate board members. The reason: Ninety six percent of senior bank leaders say they are far more involved in technology and IT purchase decisions due to increased interest in […]
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! Jacob Haar, Co-Founder & Managing Partner, Community Investment Management (CIM) There has been endless talk in fintech over the past year and a half […]
American banks have faced a barrage of regulatory changes during the course of this year. With many of the CFPB’s new rules involving data collection, bankers are feeling the strain. At a certain point, the collection, analysis, and reporting of all this data increasingly becomes a challenge regardless of the bank’s size,” said Peter Dugas, […]
Authorized payment scams have been a bit of a grey area regarding customer reimbursement. While in the US, federal rules require banks to reimburse customers for payments made without their authorization, when customers make the transfer themself, this protection ends. On the surface, this makes sense, but it doesn’t account for the rash of fraud […]
Today, I woke up to a rush of news reports covering blockchain-focused company Fnality’s latest successful funding round. The round was led by Goldman Sachs and BNP Paribas, joined by a number of other banks, raising a total of £77.7 million ($95.2 million) – no mean feat in today’s climate. CEO Rhomaios Ram said that he […]
Brazilian neobank Nubank reported another customer surge, surpassing 90 million customers in Latin America and driving a surge in profits during the third quarter as the company moves well past breakeven. The Sao Paulo-based fintech, invested by Warren Buffett’s Berkshire Hathaway, reported a substantial surge in net profit during the three months. It booked $303 […]
The Israel-Palestine conflict rages on, and for many fintech workers in the tech hub that is Tel Aviv, 44 miles from Gaza, life has had to continue through the chaos. Today, American Banker published a piece looking into the impact the conflict has had on many fintechs that have offices in the area. Although some, like Pagaya […]
In response to heightened living costs, some have turned to credit cards, bringing Americans’ total balance to record highs. Others have taken on extra jobs and “side hustles” to make up the deficit. A recent Bankrate Survey found that 39% of Americans have a second income, and even more in younger generations. This has taken […]
Nico Simko, CEO and founder of Clair Hi guys, welcome to the Fintech Coffee Break. I’m your host, Isabelle Castro. This week, I shared my coffee break with Nico Simko, CEO and founder of Clair, an earned wage access and banking app. Now, I’ve covered earned wage access before, but Claire is a different player […]
Crypto’s history of centralized custody is not a positive one. For most of the crypto-curious, high-profile failures of crypto custodians spring to mind. MtGox, FTX, and Prime Trust are just some that have left investors with little hope of recovering their assets in full. Now, for many, self-custody is the only way forward. But when […]