Instant payments are moving forward in Latin America, but a strong stance from local regulators is needed to drive critical change, according to fintech executives who spoke at a payments summit in Brazil on the success of Pix. With Pix blazing the trail, instant payments are surging by a staggering 55% each year across the […]
While elsewhere in the world, instant payments have reached record highs, America has been left behind. Prior to FedNow’s launch, the US was ranked 33 for real-time payment usage, making up 1.2% of all payments despite 49.9% of consumers using it in 2022. FedNow is said to solve a “connectivity issue” that some expect will […]
Hi guys, welcome to the Fintech Coffee Break. I’m your host Isabelle Castro. This week I sat down with Andrew Davies Global Head of Regulatory Affairs at ComplyAdvantage. Fraud levels continue to affect the financial industry, with statistics showing that the estimated money laundering as a percentage of global GDP has remained the same for […]
On September 20, ACI Worldwide announced a development in their multi-year partnership with Microsoft. Using Microsoft’s Azure environment, ACI has launched its Real-Time Payment Cloud (RTPC), leveraging Microsoft’s cloud technology to enhance real-time payment infrastructure. Initially, the companies deployed FedNow connectivity, developed as a result of their involvement in the payment rail’s pilot program since […]
The Fintech Nexus 5 is our new fast-paced news show recorded every Thursday afternoon to bring you the top five fintech news stories of the week. Here is this week’s episode: The top five news stories this week: Why Visa is investing in artificial intelligence startups from American Banker – The AI race continues with […]
Savings and investing fintech Acorns has been relatively quiet since it acquired the UK neobank for kids, GoHenry, six months ago. Now, we have the first new product launching as a result of this acquisition. Acorns Premium Tier is a $9 per month subscription service focused on family financial management. It includes access to Acorns Early which allows friends […]
Artificial intelligence (AI) can significantly improve loan decisioning accuracy, but several factors must be considered to maximize that effectiveness. Luckily, given some care and consideration, Zest AI’s chief legal officer Teddy Flo said they can be easily applied. Flo’s career has focused on policy, legal and compliance issues. A consumer finance lawyer for much of […]
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! As recently as six or seven years ago modern payments infrastructure in Latin America didn’t really exist. Most countries had a monopoly when it […]
By Peter Renton Since Visa announced late Monday their new $100 million fund focused on generative AI startups much has been written. This piece in American Banker caught my attention because it moves beyond the hype (Look! Generative AI!) and provides much needed context. There are few, if any, companies with a larger data set than Visa, particularly when […]
With 40Seas, Eyal Moldovan believes he has solved a cross-border payments issue hindering importers and exporters who are already contending with a rapidly changing environment. 40Seas is a cross-border, digital financing solution that allows firms to “order now and pay later” in different time frames. They help buyers immediately get the products they need to […]