The time for financial wellness solutions could never be more critical. Following the record speed of rate hikes over the past months, 51% of middle-income Americans are struggling to save. Three-quarters of Americans live paycheck to paycheck, and 67% said they wouldn’t be able to cover a $400 emergency expense. As a result, savings have […]
Government-backed initiatives for real-time payments in the U.S. have lagged behind the rest of the world. However, the long-awaited FedNow is due to launch in a matter of weeks. While the launch is merely the first step towards a fully launched federally developed real-time payments system, it is long overdue. The private sector has carried […]
The following is an excerpt from today’s Global Newsletter. Today we turn our focus to July and the impending launch of FedNow. While Twitter is awash with naysayers and confusion about whether the real-time payments network is actually a CBDC (it is not), there’s a flurry of excitement from fintech leaders. Finally, the Fed is […]
The following is a guest post by Mindaugas Mikalajunas, SME Finance CEO. Starting a small business is hard. In the UK, only four in 10 new enterprises make it to their fifth birthday, and the EU reports a similar figure. One factor that determines success is financial know-how. Sound financial management is one of the […]
Money laundering is one of the global financial system’s biggest issues. As technology develops, so too do the attempts to defraud institutions. According to a study by LexisNexis, in 2022, financial institutions globally face compliance costs of an estimated $274 billion. This amount has steadily increased, showing 54% growth in the U.S. between 2019 and […]
The following is an excerpt from today’s Global Newsletter. Another week, another crypto project with big tradfi names. Last week, it was BlackRock announcing their bitcoin ETF, and now we have a consortium involving Citadel Securities, Fidelity, and Schwab launching a new crypto exchange called EDX Markets. It appears crypto is not dead after all. Subscribe to the […]
Hi Guys, welcome to the Fintech Coffee Break, I’m your host Isabelle Castro. This week we have a recording from my trip to New York in May, where I sat down with Kevin Greene from Tassat. Tassat provides financial institutions with private permissioned blockchains to facilitate transactions at any time of day, all through the […]
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 { […]
The following is a guest post by Mit Shah, Co-founder & COO of Method Financial. From 2018 to 2020, Americans paid $120 billion in credit card interest and fees, contributing to the almost trillion dollars in nationwide household credit card debt. In today’s rate-shopping environment, Americans must be able to accurately compare credit products and […]
This recording is from Fintech Nexus USA held at the Javits Center in New York City on May 10-11, 2023. Session: “ChatGPT and Fraud/Scam Implications” from the Fraud Fight Club Track, sponsored by Mastercard. Featuring: Jeff Finocchiaro, Bank of America Frances Zelazny, Anonybit Simon Taylor, Sardine Fintech Nexus Staff This content was created by one […]