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 […]
The following is an excerpt from today’s Global Newsletter. The Financial Times (hard paywall) reported that some major players in traditional finance are taking the crypto exchange bull by the horns to create their versions in a quest for market share. “Some of the finance industry’s best-known names are building their own digital markets trading […]
Ron Shevlin Join us for our live 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 live show can […]
Nubank, the largest digital bank in Latin America, sees substantial growth opportunities in boosting its lending business in Brazil. David Velez, CEO and Co-founder at Nubank. After a cautious approach in recent quarters, Nubank is all set to resume loan book expansion this year. The neobank is gradually developing a more significant risk appetite for […]
The following is an excerpt from today’s Global Newsletter. For the second time this week, we can take time to celebrate some good news in the lending space, as Monzo reported monthly profitability for the first time. CNBC reported, “In its annual report for the year ending February 2023, Monzo reported net operating income of £214.5 million […]
This year is a pivotal one for the European Central Bank. Years of investigation into creating a digital euro will finally culminate in a decision to proceed with its production in October 2023. While it won’t be the end of the story, it will be a significant moment for CBDCs. Ahead of the US and […]