Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little to no positive benefits. TransUnion SVP and mortgage business leader Joe Mellman said that when lenders use data from three credit bureaus, it provides a more complete and, in […]
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 { […]
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 […]