Hi guys, welcome to the Fintech Coffee Break. I’m your host Isabelle Castro. This year DeFi seems to be going through a bit of a dip amid regulatory concerns of the crypto industry and the broken trust following the failure of large CeFi players last year, it looks like development has slowed. However, large financial […]
Historically underserved by financial institutions, the small business ecosystem has been typically vulnerable. More than 20% of private-sector businesses fail in their first year, and just under 50% fail in the first five years. The challenging economic conditions of 2023 have made cash flow even more critical. The introduction of FedNow in July, for some, […]
By Isabelle Castro Margaroli McHenry’s “ugly baby” of a stablecoin bill is making some steps forward…albeit at a snail’s pace. In July, despite an ongoing duel over specifics and alleged delays from the Fed, the US congressional committee advanced the bill, setting it up for its next steps : the house floor and the presidential […]
The gig economy might be a newer phrase, but it is hardly a new concept. Workers have been independently picking up extra shifts as freelancers or contractors since the turn of the century. By the 1990s, 10% of US workers earned income as contractors, temps, or on-call employees. In the last decade, technology accelerated the […]
In the Fall of last year, consultancy group BCG predicted that asset tokenization would become a multi-trillion-dollar industry, an idea that has been echoed by financial giants since. Despite the sector still being in its infancy, 97% of institutional investors believe that tokenization will revolutionize asset management. “That’s a shockingly high number, which I think […]
The Fintech Nexus 5 is a little different this week. I reviewed the weekly Long Take by Lex Sokolin of The Fintech Blueprint, giving my five takeaways from the article. Here is this week’s episode: The top five news stories this week: The End of the Ill-Fated Acquisition: Goldman Sachs Offloads Greensky from Fintech Nexus […]
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 { […]
After much deliberation and anticipation, on Wednesday, October 11, 2023, Goldman Sachs announced that they were offloading their failing consumer lending acquisition, GreenSky. It’s been a long time coming. As far back as April, Goldman announced they were searching for a buyer to take on the specialty lender. Earnings calls earlier this year showed 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! The people who lead the national banking regulatory agencies typically come from long careers in banking and law with a traditional view of the […]
Millennial and Gen Z consumers now represent an estimated $360 billion in spending power, which is trending upward as Gen Zers transition to full-time employment. Community bankers have come to recognize the tremendous opportunity represented by this growing wealth, but have so far struggled to demonstrate the benefits of a relationship with a local financial […]