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 […]
Paul Ricci of Best Egg One of the early players in the fintech lending space is Best Egg, formerly known as Marlette Funding. At one stage they were the fastest-growing lender in the country. While their growth has slowed down they continue to be one of the largest online lenders by originations. My next guest […]
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 { […]
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 financial services business model is perpetually at a crossroads and too often faces crosswinds. An uncertain economy like we see today often breeds hesitation; financial institutions may be tempted to slow down or pause technology investments not geared toward tightening balance sheets or finding greater efficiencies. However, those institutions that will come out of […]
We’re at a concerning milestone for both the U.S.’ savings and debt rates – the former seems to have stalled, while the latter is growing at an alarming rate. A new Bankrate survey found 48% of U.S. adults have enough emergency savings to cover at least three months of expenses, vs. 49% in 2022, while […]
Things seemed to be looking up for Upstart. Stocks were soaring through June and July as interest in AI piqued, and the headwinds to the lending space seemed to be abating. However, the company’s Q2 2023 earnings call was not as positive. Revenue was low in the last quarter, dropping to $135.7 million, down significantly […]
Amazon introduced its first credit card in Brazil, the latest move from the U.S. retail giant to expand its fintech reach in Latin America’s largest economy and bolster its e-commerce presence. The company introduced two Mastercard credit cards this week. One is aimed exclusively at Prime users, while the second is eligible for non-members. The […]
American mobility giant Uber kicks off its fintech business in Mexico, the latest move from the tech company to ramp up financial services overseas. San Francisco-based Uber, which completely disrupted the transportation industry, recently received a fintech license from the local regulator in Mexico. It will allow the ride-hailing app to enhance its services in […]