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 […]
Earned Wage Access (EWA) has been creeping up on the sidelines, and although it is relatively nascent, it has caught the attention of consumers and investors alike. Touted for improving employee access to earned wages, it has reduced the need for expensive payday loans. Gerron Levi, SVP, Head of Government Affairs at the American Fintech […]
Charles Rosenblatt of PayQuicker Where fintech has had a dramatic impact already is in international payments. Sure, there is still work to do but there are companies out there today facilitating payments, often instantly, to people all around the world. My next guest on the Fintech One-on-One podcast is Charles Rosenblatt, the President of PayQuicker. […]
Lex chats with Sasha Orloff, CEO and Co-founder of Puzzle – “the first smart accounting software,” which combines a streaming financial data platform that’s connected to a general accounting ledger. Sasha starts the conversation detailing his journey from traditional banking to fintech entrepreneurship. Sasha Orloff Reflecting on the early days of fintech, contrasting the East […]
Dominican Republic’s traditional bank Popular made waves in the Caribbean when it announced the launch of Qik, the first neobank on the island. With over $10 billion in assets, the financial group -one of the largest in the country- envisaged a need to serve younger customers with a particular digital-only institution. This trend is increasingly […]
Fresh off the back of the Terra-Luna collapse last year, BCG published a report that said despite a slowdown in trading volumes and crypto market cap, tokenization of illiquid assets was predicted to reach $16 trillion within the next decade. An FTX meltdown, some bank failures supposedly tied to crypto, and multiple SEC enforcement actions […]
Fraud has been rising in the US. According to official estimates made by the Federal Trade Commission (FTC), consumers reported 2.4 million instances of fraud in 2022. The number has risen by 30% since 2021 and has led to $8.8 billion in losses. The business of crime is booming, and reports of “Fraud as a […]