Phil Goldfeder of American Fintech Council It seems like every day there is a story coming out of Washington that can have a major impact on fintech. Whether it is the CFPB, OCC, SEC, the Fed or new legislation being proposed, fintech companies can be profoundly impacted by what happens in our nation’s capital. That […]
Finance has had more than its fair share of hype cycles, so you’d be forgiven for thinking that Generative AI was just one more. But, according to Mastercard, the technology is on the brink of significant economic disruption. “Unlike other technologies that have seen hype cycles, generative AI exhibits clear use cases, has led to […]
Pinwheel’s new partnership with American Express is the latest development for a fintech that has been quite busy over the past two years. The income and employment API is now American Express’ direct deposit switching partner for their new checking account. In a statement, Pinwheel said removing all friction from the account setup process is […]
The banking crisis brought with it a spotlight on banks’ involvement with emerging technologies like crypto. Silvergate and Signature Bank, two of the banks that failed during the fateful period, had heavy ties to the crypto industry, both holding the title of “go-to bank for crypto companies”. While both failed for very different reasons, reporters […]
Latin American startups witnessed a 70% year-over-year decline in venture capital funding during the second quarter, signalling a challenging environment. However, there was no further decrease in investment flows compared to the first quarter of this year, hinting at a potential stabilization of the capital crisis that has impacted entrepreneurs globally. Funding to Latin American […]
Hi guys, welcome to the Fintech Coffee Break. I’m your host Isabelle Castro. This week I sat down with Jonas Gross, chairman of the Digital Euro Association. CBDCs are a touchy subject, sparking many opinions and concerns. The European Commission is making significant headway with the exploration of a digital Euro, recently publishing a proposal […]
The road has been a long one for Custodia Bank. Conceived under the name Avanti Financial Group, the idea was simple; to be the bank that provided a “compliant bridge” between the US Dollar payments system and digital assets custody. Caitlin Long, founder, and chief executive officer of Custodia Bank, stated that access to tech-forward […]
A new report from Episode Six and IDC Financial Insights proves that the 5% of firms with future-ready paytech have a significant competitive advantage. Future Ready Payments Platforms Enabling the Next Phase of Growth for Banks describes how tech laggards are vulnerable to losing 42% of payments-related revenue and 21% in annual cost savings. Much […]
Brex’s decision last year left many SMBs wondering where to turn next. They had drunk the Kool-Aid of simpler financial solutions that targeted their needs, and there was no going back. When Brex entered the ecosystem, SMBs (like startups) were severely underserved. On average, due to the setup of the financial system, an SMB would […]
The move to digital has brought with it a surge of fraud. Increased use of digital wallets and a rise in A2A payments have become easy targets for sophisticated fraudsters, deploying emerging technologies to prey on consumers. Global card fraud losses reached $32.34 billion in 2021, an increase of 13.8 percent over 2020. Over the […]