Enjoying our podcasts? Don’t miss out on future episodes! Please hit that subscribe button on Apple, Spotify, YouTube, or your favorite podcast platform to stay updated with our latest content. Thank you for your support! Jane Larimer, President & CEO, Nacha The largest payments network by volume is the ACH network. A dollar value of several times US GDP […]
Cash flow underwriting has been “the next big thing” in lending for several years now. And while several lenders are using it as part of their underwriting, it has not become a mainstream tool. That could change with the announcement today from Plaid. While Plaid first announced a cash flow underwriting initiative a year ago, […]
LoanPro has made a name for themselves as a scalable lending platform. Now, they are beefing up their credit card platform with the announcement of a new integration with Visa. Visa DPS (Debit Processing Service) is one of the world’s largest issuer processors of Visa debit transactions globally and with this integration with LoanPro it will help […]
Nium, a real-time payments infrastructure company, has closed its $50 million Series E at a $1.4 billion valuation. That is 30% below the valuation from its last funding round in 2022. Speaking with CNBC at Money2020 Europe, CEO Prajit Nanu said the company is still on target for a IPO and is targeting some time in the […]
LoanPro’s credit platform integration with Visa DPS’ digital-first processing helps brands tackle shrinking debt interchange fees while providing unique personalization opportunities. This move comes at the ideal time for banks, fintechs and other brands to enter the credit market. Interchange fees are plummeting as government agencies impose significant caps. This is a strike against a […]
For some time, fintech has expanded beyond financial services to transform other industries. I have always believed that magic truly happens when we apply fintech tools and frameworks to solve real-world problems. If there was ever an industry that needed fixing, it was healthcare. After an era of fragmented, disparate solutions, there has been a […]
AI occupies executives’ thoughts in many ways, according to the results of Sopra Steria’s third annual Digital Banking Experience Report. The report, produced with Forrester and Ipsos, surveyed more than 850 senior decision-makers at global banks and more than 11,000 global bank customers. Roughly 75% aren’t ready for open banking, either. The two are related, […]
UK digital banking pioneer Monzo reported its financial results for the 2023-24 fiscal year today. The numbers are impressive. Total revenue was £880 million for the year, more than 2x the £356 million from the previous year. Most importantly, the company reported its first full year of profitability of £15.4 million (pre-tax). up from a […]
Hispanics are an emerging American economic force, and demographics show they will be for decades. Tricolor founder and CEO Daniel Chu has a plan to serve them. According to McKinsey, financial services revenue from Hispanics will triple from north of $90 billion to $265 billion by 2030. If the more than 60 million Hispanics in […]
When it comes to the adoption of generative AI in finance, we are still at the top of the first inning. That is why it was really interesting to read Penny Crosman’s article yesterday about what is top is mind for bankers when it comes to Gen AI. The biggest challenge is reliability, with 80% of surveyed […]