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 […]
With the rise in inflation in recent years, fintechs in Latin America have resorted to a new tactic to woo highly banked customers in the region. That is, paying high-yield interest rates on deposits in a region characterized by volatile currencies and meager returns on bank savings. In May, Brazillian digital bank Nubank launched a […]
“In today’s economic climate, every business is navigating two competing interests: expanding operations and saving costs,” said Jack Zhang, Co-Founder and CEO of Airwallex. The last few months, (nay, year), have posed increased challenges on growing businesses in fintech. The rising rate environment has put a strain on the financial system. Costs are increasing and, […]
According to Cornerstone’s 2023 What’s Going On in Banking report, 94% of banks have already embarked on a digital transformation strategy—or plan to do so by the end of 2023. This is a pretty convincing data point, and it leaves little doubt that FIs are doing everything they can to modernize. And yet very few […]
The ongoing lack of regulatory clarity has become an ever-piercing thorn in the side of US-based crypto companies. As 2023 rolls out, more and more are becoming the subject of SEC scrutiny, with allegations of legal violations surfacing left, right, and center. Even the sector’s giants aren’t safe. The legal case between the SEC and […]
In a region marked by the substantial Venezuelan diaspora, catering to financially excluded immigrants has become the core business of an increasing number of fintechs. Over the past few years, several digital startups have made a case for offering financial services to underbanked immigrants, a customer segment often overlooked by traditional financial institutions. In Latin […]