As lenders gravitate towards using artificial intelligence (AI), they must be dedicated to removing bias from their models. Luckily there are tools to help them maximize returns and minimize risks. FairPlay.ai co-founder and CEO Kareem Saleh has been at the intersection of AI and financial inclusion for most of his career. While EVP at ZestFinance […]
Hi guys, welcome to the Fintech Coffee Break, I’m your host Isabelle Castro. This week I shared my coffee break with Ralf Kubli from the Casper Association to talk about real world asset tokenisation. Real world asset tokenisation, Seen as a tool to improve efficiency and accessibility to financial instruments, is set to be a […]
Once described by Google CEO Sundar Pichai as “more significant than fire or electricity” to the development of humankind, AI could be a game changer for financial services. A staple in computer science since the 1950s, demand for AI has skyrocketed in recent years, with market growth set at 38.1% CAGR until 2030. It now […]
Block revealed it had beat forecasted earnings during its Q2 2023 call yesterday, August 3, despite the challenging economic backdrop. It was reported that quarterly net revenue was up on last year, reaching $5.53 billion. All but hardware revenue had increased year on year, hinting at the rising levels of competition in the POS space. […]
Stephany Kirkpatrick of Orum All areas of fintech are changing fast. But it is in payments where the most groundbreaking changes are happening right now. After years of development, we finally saw the launch of FedNow last month (on time!) as this country begins its transition to instant payments in earnest. My next guest on […]
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 { […]
Marcos Galperin, CEO at Mercado Libre. Mercado Libre, the Amazon of Latin America, continues to reap the benefits of its fintech strategy. The Argentina-based corporation booked $262 million in profits in the second quarter, up 113% year over year amid strong e-commerce tailwinds and a growing fintech business in the region. The company reported $3.4 […]
Paypal’s Q2 2023 earnings call has failed to convince the market as the stock slipped following the announcement of disappointing operating margins. The company’s adjusted operating margin for the quarter was 21.4% just missing a predicted 22% Operating cash flow had dropped significantly compared to a year prior and was hovering at -$0.2 billion. Free […]
“Digital and AI is not a strategy—digital and AI enable a strategy, augment a strategy, make a strategy better, but that initial strategic direction is actually quite important,” McKinsey’s Eric Lamarre commented during a Banking Transformed podcast. “Strategy” is the key word in Lamarre’s statement. In the financial services industry, bank and credit union leaders will […]
Small business lending is having a moment. On the one hand, you have the tech companies scaling their lending operations (Quickbooks, PayPal, Square, Shopify and Amazon for example), making credit available for their clients more quickly and easily than ever before. On the other hand, you have the Small Business Administration (SBA) making changes to […]