Sardine has taken on fraud in a big way this week, with two major announcements within 48 hours. Fraud is becoming an ever-present danger for an increasingly digital financial system. Global payment fraud losses have tripled since 2011 and are projected to reach $40.62 billion in 2027. Over 50% of Americans have been found to […]
It seems everyone is jumping on the real-time fraud protection bandwagon. Less than a week ago, we highlighted news that Plaid was taking a network approach to fraud. This week, fraud prevention and compliance provider, Sardine announced its own solution. Subscribe to the Global newsletter SardineX is a consortium of financial institutions and fintechs that are joining […]
The economy has been through the wringer for the past few years. Skyrocketing inflation in the wake of the COVID-19 pandemic brought with it a series of rapid rate rises that still may not have reached an end. Financial fear has set in, and many vulnerable consumers are becoming even more vulnerable by the day. […]
The following is an excerpt from today’s Global Newsletter. We’ve all heard about the rising rates and their wake of destruction on the industry, but it seems that Wise missed the memo. The company announced they had tripled profits before tax in the year ending March 31 2023. Their customer base had grown by 34% […]
Hey guys welcome to the Fintech Coffee Break I’m your host, Isabelle Castro. Back in May, I sat down and shared my coffee with Ben Borodach, co-founder and CEO of April. April focuses on the challenging task that faces all US adults every year- tax returns. Turning away from previous approaches that only digitize tax […]
While the US still wallows in the depths of confusion regarding the regulation of crypto, Europe steps forward with MiCA implementation. Passed in April and set to come into full effect by the end of 2024, the rules aim to bring some clarity to the crypto space. While, for now, the rules currently focus primarily […]
I started in fintech back in 2010 when I began writing about my experiences as an investor in peer-to-peer lending platforms. Little did I know covering financial innovation would become a career. First and foremost, I wanted to create a digital media company, so Renton Media was born. It was really by accident that I […]
The following is an excerpt from today’s Global Newsletter. In a tale almost as old as time, the rise of a hero to vanquish rising evil has come to fintech’s fight with fraud. An announcement from Plaid, launching their collaborative fraud fighting network, Beacon, which is designed to “stop the chain reaction of fraud.” Until now, […]
The following is an excerpt from today’s Global Newsletter. GreenSky continues to be a thorn in David Solomon’s side. CNBC reported today that Goldman Sachs is likely to take a “large writedown” as they seek to offload their ill-fated acquisition. In 2021, valuations were high, and Goldman was searching for its big break into consumer lending […]
Digital means for financial transactions have increased in Brazil during the past decade, with the emergence of Pix in 2020 as a game changer in the ecosystem. From a legal framework to lockdowns amid the pandemic, several factors contributed to growth in digital banking. Millions of Brazilians turned to online banking during Covid 19, in […]