NEW YORK, N.Y. — The wide-reaching scope of the CFPB’s mandate has made it a pivotal influence on the fintech industry. Striking a balance between regulation and free innovation, its decisions can cause a sector to grow or wither into insignificance. On Day Two of Fintech Nexus USA 2023, CFPB Director, Rohit Chopra, took to […]
NEW YORK, N.Y. — Scale is Stuart Sopp‘s focus when discussing the fintech industry’s path to profitability. And it can’t happen fast enough, the founder and chief executive officer of neobank Current said on the keynote stage at Fintech Nexus USA 2023. “It’s measured in a few quarters, not years,” Sopp, who worked developing and […]
NEW YORK, N.Y. — Shivani Siroya and her team at Tala could be onto something. The founder and CEO of the mobile lending app that provides financial access to underserved populations in four countries point to building trust to grow a customer base and believing in her instincts. “A phrase that comes to mind when […]
NEW YORK, N.Y. — Reflective of the times in the wake of the mini-banking crisis of early 2023, Steve McLaughlin‘s outlook for the fintech market wasn’t entirely positive, but the entrepreneurial spirit was still there for his closing keynote speech at Fintech Nexus USA 2023. “It turns out that even when the market is tough, […]
NEW YORK, N.Y. — There’s something magical about witnessing the energy of hundreds of eager preppers buzzing about their beehives the day before a major event. That was today’s scene as exhibitors, sponsors, and Javits Center contractors built stages, booths, lighting rigs, and custom signage in anticipation of Fintech Nexus USA 2023, our flagship event […]
Few government measures have recently worried Brazil’s fintech industry more than the possible capping of interest rates on prepaid cards. A few weeks ago, amid an intense campaign to push through several reforms in the Brazilian economy, Brazil’s Minister of Finance Fernando Haddad criticized the “stratospheric” revolving credit card interest rates and said he would […]
Nigel Morris, Co-Founder and Managing Director at QED NEW YORK, N.Y. —The fintech world has been through months of turbulence, with funding rounds depleting and valuations with them. You’d be forgiven for feeling less than optimistic. However, QED Investors and Boston Consulting Group (BCG) published a report last week that could show the light at […]
New York, N.Y. — Fintech’s top innovators were recognized this morning when the sixth-annual Fintech Nexus Industry Awards were handed out in New York at the Fintech Nexus USA 2023 conference. The awards celebrate the achievements of the most outstanding individuals and organizations in the finance industry. Luvleen Sidhu named top fintech exec The 2023 […]
Renaud Laplanche, CEO and Co-Founder of Upgrade NEW YORK, N.Y. — The failure of Silicon Valley Bank has set in motion a domino line of bank failures whose end is still uncertain. If some are to be believed, it may be over already. Regardless, the crisis has brought issues to light and sparked debates stretching […]
NEW YORK, N.Y. — Today, at Fintech Nexus USA 2023, Mastercard announced the launch of an enhanced Open Banking for Account Opening solution Increasingly, people are turning to fintech companies to provide them with the customer service traditional finance lacks. In 2022, 78% of adults were found to prefer a banking experience through the website […]