America is home to over 72,560 startups, the highest number worldwide. Many of these have battled through the first few years, defying the statistic that nearly all of them will fail. Those who have just begun face an uphill climb. Fintech startups had an easier ride in 2021, as VC money poured in and investment […]
By Peter Renton Yesterday, Atomic released an interesting new open banking tool called PayLink. One of the pain points for switching bank accounts is all the recurring payments that come out of that account. Until now each one had to be done manually. With PayLink, users will be able to login securely to each merchant in one session […]
In a landscape being reshaped by the winds of change in 2023, the fintech industry is experiencing a seismic shift due to rising interest rates and the slowdown in funding. Once-generous venture capital investments have slowed to a trickle, forcing fintech companies to recalibrate or pivot rapidly. For an industry where innovation and agility reign […]
No doubt, when Binance CEO CZ took to Twitter in the early moments of the FTX failure last year, he felt that the crypto world was now his for the taking. Binance’s largest competitor was on the ropes, and the internet looked to be hanging on CZ’s every word. But alas, how the mighty have […]
Two months ago, the long-awaited FedNow real-time payments system was launched in a wave of anticipation from the banking community. “The most important thing that I would tie to July 20 is the fact that the rail is live,” said Mihail Duta, Director of Solution Consulting and Transaction Banking at Finastra. “There’s been kind of […]
Hi guys, welcome to the Fintech Coffee Break. I’m your host, Isabelle Castro. This week I spoke to Laura Merling, chief transformation and Operations Officer at Arvest Bank. Community banks have faced a difficult environment this year. And there have been concerns in the media about whether there is still a place for them in […]
The crypto industry has entered a rough patch. Hit by crises of some of the industry’s major players in 2022, trust has faltered, and DeFi is yet to return to its former glory. In addition, regulators around the world have stepped into action. The US has issued several enforcement actions against crypto companies throughout the […]
Little credit card penetration and a very young population pose two critical drivers for long-term growth in Mexico’s digital economy, according to fintech executives who spoke at the Ebanx Payments Conference in São Paulo last week. The remarks come even as the country continues to grapple with one of the worst financial inclusion metrics among […]
The fintech industry has been hit with a sea change. Investors are no longer feeling a craze of FOMO, and startups are having to lean into actual value to survive. Scott Abrahams, EVP Channel Partnerships at Mastercard Payments are one of the hardest-hit sectors. Led by a few giants, the industry is saturated, and only […]
More American consumers are late on their credit card and auto loan payments than before Covid, according to an August report by the New York Fed. The rate of new credit card and new auto loan delinquencies surpassed 7% in the second quarter, up from 6.5% and 6.9%, respectively, in the first quarter. Moody’s predicted […]