This week saw news from some of the biggest fintech and banking names with Stripe launching credit card issuing, Chime’s revenue numbers were solid but growth is slowing, JPMorgan is diving deeply into AI, open banking and AI are seeing prototypes in the UK, and the OCC is targeting big banks. Here are what I […]
Ron Shevlin Watch the replay of our weekly news roundup show with hosts Peter Renton and Todd Anderson, with special guest fintech entrepreneur Ron Shevlin, Chief Research Officer at Cornerstone Advisors. This fast-paced show features the content leaders of Fintech Nexus discussing the biggest fintech news stories of the past week. The replay can be […]
One of my biggest pet peeves in all of finance is the overdraft fee. I first wrote in 2019 that we were moving to a world of no overdraft fees. This was before major banks changed anything in response to the fintech push for no overdraft fees. By 2021, it was clear that we had […]
The following is a guest post by Kristiane Mandraki, VP of Growth at Praxent. In a world where the user experience is do or die, fintechs continue to lose wallet share and loyalty due to mistakes around frontend design and development. Financial services providers have relied on system-centric experiences rather than human-centric ones for too […]
On today’s episode, we conclude PitchIt 2023. Before we start, I wanted to share a special thanks to our judges and participating companies. You will hear from the following finalists: Boss Insights Calque Debbie FinGoal Grounded Technologies Momnt Neofin Uplinq PitchIt is a personal passion project for me; getting a peak into what’s coming next […]
The following is an excerpt from today’s Global Newsletter. If you like to store deposits in digital payment apps, you may want to rethink that strategy. The Washington Post (soft paywall) had a story yesterday that warned consumers that there is no insurance on those funds, and they may be at risk. “Popular digital payment […]
You’d be forgiven for thinking that DeFi integration was dead. After months of U.S. regulators’ blasting the crypto ecosystem for its “non-compliance” and over a year of evidence that some of the leaders in the space were far from trustworthy, “crypto” has become somewhat taboo. However, this week the Financial Times reported that some of […]
Lex Sokolin of Fintech Blueprint Last month at Fintech Nexus USA in New York City we announced that Fintech Nexus has acquired Fintech Blueprint, one of the leading fintech newsletters. It is led by Lex Sokolin, who is one of the great thinkers in our space, so I used the opportunity of being together in person to record […]
Lenders know the importance of scoring models for those with thin or no credit files, but the problem persists, Credolab’s CSO Michele Tucci said. Credolab tackles the problem using privacy-consented and permissioned data through smartphones and web pages. Their proprietary technology is embedded with clients so anonymized data can be accessed during application. The Credolab […]
Latin American fintech Kiwi raised $80 million in funding to boost lending to underbanked Latino migrants in the United States. Mariano Sanz The lending startup, founded in 2020 by first-generation immigrants, secured a $75 million debt facility from U.S. investment firm i80 Group. It also raised $4.5 million in a pre-series A funding round from […]