As the cost of living crisis continues, more workers are turning to side work to make ends meet. Studies indicate that around one in every three adults in the UK now have multiple incomes, citing economic necessity. Of those who haven’t, over 40% are considering taking on another side job. The search for a side […]
Proposed regulations recently released by the Treasury Department help bring added clarity to participants in the digital asset economy. But the process is far from over. Investors, centralized crypto exchanges, payment processors, some hosted wallet providers, and some decentralized exchanges are the most affected. Miners, stakers and developers are not impacted. In a statement in […]
Back in 2019, a16z uttered the now infamous, “Every company will become a fintech company.” Embedded finance was poised to take on the world in a big way. Trust in traditional banks was at record lows, and the tech had developed enough to make integrating financial services into the fabric of any company a comparative breeze. […]
The news was dominated this week by the CFPB announcement yesterday that we finally have proposed rules for open banking in this country. It has been 13 years since the passage of Dodd-Frank but Section 1033 of the Consumer Financial Protection Act has remained dormant until now. Click the image above to listen to the […]
In July, the Federal Reserve launched its new system for instant payments, FedNow, culminating a four-year undertaking and delivering the first new central bank payments rail in 50 years. While The Clearing House’s RTP Network has been in operation since 2017, FedNow’s launch has changed the dialogue around instant payments in the US from “if […]
In the world of CBDCs, the European Central Bank (ECB) has been, very publicly, active. Despite some backlash from the public (all one has to do is search “digital euro” in X for some colorful results), the organization has progressed through the “investigation phase”. Over the course of the last two years, a number of […]
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The Caribbean region boasts a population of approximately 45 million people. For context, that is significantly larger than Canada’s 38 million and just shy of Spain’s 47 million. However, about two-thirds of Caribbean citizens are unbanked, meaning they are predominantly cash-based. Thus it is critical to the region’s economic future to introduce innovative financial solutions […]
Today, October 19, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a long-awaited rule that aims to accelerate the shift to open banking in the US. The Personal Financial Data Rights rule proposal includes additional protections for consumers trying to access their financial data and forbids financial institutions from charging for access. CFPB Director Rohit […]
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! Medical debt is the number one reason people go bankrupt in the United States. So, you would think there would be a plethora of […]