In a landmark development, fintech associations from Mexico, Colombia, Peru, and Chile made a significant stride last week by publishing a document proposing joint standards for Open Finance. This could potentially serve as a first move for fostering comprehensive regulatory bodies across Latin America, setting the stage for enhanced cross-border transactions and implementation. Each association […]
We start across the pond this week with the big news that the CEO of one of the most successful digital banks will be stepping down after nearly a decade at the helm. We also learned about Klarna’s solid quarter, JPMorgan had an investor day, Fifth Third is acquiring a fintech and Venmo is launching […]
The following is an excerpt from today’s Global Newsletter. It’s no secret that many traditional banks have relied on credit card late fees to bolster their bottom lines. It’s easy cash for them, but it’s an intensely punitive practice that can pressure consumers with crippling compounding debt. After the CFPB proposed slashing credit card late […]
The following is a guest post by Dan Reeve, Vice President of Sales North America for Esker. In the famous, I Love Lucy episode “Job Switching,” Lucy and her best friend Ethel take a job at a candy factory after arguing with their spouses over their spending habits. Lucy and Ethel maintain that their husbands […]
The following is an excerpt from today’s Global Newsletter. Your feel-good Friday news comes to us from Klarna this week. The Swedish BNPL behemoth appears to be delivering on its promise from 2022 to return to profitability by the end of 2023. After a series of outsized investments, the company’s financials were bathed in red […]
As we bask in the afterglow of Fintech Nexus USA 2023, it seems about the right time to reflect on Fintech Nexus’ esteemed PitchIt competition. Over the year, hundreds of startups submitted applications for consideration. Whittled down to 14 semifinalists, founders took the Fintech Nexus USA 2023 stage to search for the final winner. “PitchIt […]
On today’s episode, I talk with Gavin Nachbar, Co-Founder & CEO of Column Tax. Please note this episode was recorded live at Fintech Nexus USA 2023. Gavin Nachbar of Column Tax Gavin and I discussed the founding story behind Column Tax, tax refunds versus more money per paycheck, why taxes are so interesting, embedded finance, raising capital, […]
There is no more hyped technology right now than Generative AI. But what does it really mean for financial services? What is the potential? And what about practical applications? My next guest on the Fintech One-on-One podcast is Marco Argenti, the Chief Information Officer at Goldman Sachs. This interview was recorded at Fintech Nexus USA […]
One of the fastest-growing ecosystems worldwide, the industry’s current state in Brazil now calls for specialization. In that regard, a new fintech niche is emerging. This month, digital bank Nomad announced it was rolling out a rather innovative product. The fintech, which since 2019 has offered dollar accounts to Brazilians, will now allow its customers […]
“Advanced AI could represent a profound change in the history of life on Earth,” stated the Asilomar AI Principles in 2017, two years after the founding of OpenAI. Fast forward to 2023, and its effects are already being recognized. The introduction of generative AI into the tech ecosystem has opened out realms of opportunity, previously […]