The following is an excerpt from today’s Global Newsletter. The high-stakes poker game of crypto regulation just leveled up. Asset management behemoth BlackRock doubled down on crypto Thursday by filing an application with the U.S. Securities and Exchange Commission to launch the iShares Bitcoin Trust. Oh, and they listed Coinbase as the bitcoin custodian in the […]
Nigel Morris of QED Rishi Varma of BCG When I first heard that QED Investors and BCG were putting together a report on the future of fintech I knew it was going to be good. I was not wrong. Never before have we seen an in-depth and rigorous analysis of where the industry is today […]
At Fintech Nexus USA last month, the Credit & Underwriting track was always very popular. With an uncertain economy and many lenders tightening their credit boxes, there was a lot to talk about. The track was led off by Al Crawford, the CEO, and Co-Founder of BHG Financial, the sponsor of the track. He went […]
The following is an excerpt from today’s Global Newsletter. Another day, another major fintech partnership involving BNPL. This time it was Citizens Financial Group announcing it is working with Wisetack to offer a B2B2C service. Subscribe to the Global newsletter As a super-regional bank, Citizens has been at the forefront of fintech for some time, as deals with Apple, Best Buy, […]
Last month, QED Investors caused ripples in fintech when it raised short of $1 billion to deploy in the sector, the latest illustration of underlying trends in the industry that remain in place despite the more challenging environment. The global fintech venture capital firm set up two new funds. An oversubscribed $650 million fund will focus […]
The following is an excerpt from today’s Global Newsletter. CFPB director Rohit Chopra was back in front of the senate banking committee Tuesday, where he brought his focus on fraud in the P2P payments space. “They need to speed up with respect to services like Venmo, Zelle, and others,” Chopra told the committee. Subscribe to the Global […]
Whether you prefer to bank online or in person, one thing is clear from a recent survey: people, particularly those under age 40, actively seek out in-person financial advice. That makes sense, given the recent uncertainty in the U.S. economy. Surprisingly, the younger crowd identified in J.D. Power’s 2023 US Retail Banking Satisfaction Study is […]
The Dodd-Frank Act was passed in 2010 in response to the financial crisis. One small part of the Act is Section 1033, which is all about consumer access to financial records. This consumer access and control of financial information is what has become known as open banking (or open finance more broadly). Now, in a blog […]
Adam Nash, Co-Founder and CEO of Daffy This week I turned my attention to Donor Advised funds (or DAFs) and shared my coffee break with Adam Nash, Co-Founder and CEO of Daffy. Daffy is a platform facilitating charitable giving by integrating it into consumers’ regular budgets. Users set a yearly target and choose the regularity […]
Fintech unicorn Ualá finally obtained a banking license in Mexico, clearing the way for the neobank to aggressively expand its range of products and services in the North American country. The Mexican regulator recently approved its acquisition of ABC Capital, a medium-sized traditional financial institution in Mexico. The green light from the National Banking and […]