More than two years after its launch, Brazil’s instant payment system Pix continues to break new records. This time, the number of monthly transactions. According to data from the central bank, Pix achieved the milestone of 3 billion monthly transactions in March. That is up from a previous record of 2.8 billion by the end […]
Reusable identities will be vital tools supporting identity verification, but how they work is yet to be determined. A key player will likely be AU10TIX, a global identity services provider based in Israel, when they arrive. AU10TIX provides critical, modular solutions to verify and link physical and digital identities. Its proprietary technology generates results in […]
Hi guys. Welcome to the Fintech Coffee Break. I’m your host, Isabelle Castro, and today I shared my coffee break with Benjamin Gabay, Co-Founder of CrunchDAO. Benjamin Gabay, Co-Founder of CrunchDAO CrunchDAO brings together thousands of data scientists and PhDs, pooling their collective ideas and strategies through gamification to create predictive financial insights. Now collaborating […]
Mercado Libre, the Amazon of Latin America, recently will hire 13,000 new jobs this year, bucking a global trend of massive layoffs across large technology companies. The bulk of the new employees will be based in Mexico and Brazil, the company’s most important markets in the region. Since 2020, the company has quadrupled its headcount […]
Regulation within the U.S. Web3 and crypto space is becoming ever more elusive. Regulators continue to, for the most part, maintain a position that the sector has a compliance problem, not a problem of regulatory clarity. In his congressional hearing last week, SEC Chair Gary Gensler tried to assure many incredulous Committee members that the […]
Nicole Casperson Watch a replay of our weekly news roundup show with hosts Todd Anderson and Peter Renton, with special guest Nicole Casperson of Fintech Is Femme. This fast-paced show features the content leaders of Fintech Nexus discussing the biggest fintech news stories of the past week. The live show starts at 5 p.m. EDT. […]
Reliable off-chain credit scoring on the blockchain, now available, will provide better service and attract more participants to the DeFi ecosystem, the companies who made it possible say. TransUnion, Spring Labs, and Quadrata have partnered to deliver off-chain credit scoring to DeFi and Web3 applications for the first time. The score, which is user-permissioned, will […]
Despite leaders’ assurances, the banking crisis continues to unfold. This past week all sights were set on First Republic Bank. In a fall that started before the Silicon Valley Bank Run, the distressed bank saw outflows of deposits despite being thrown a liferaft by a consortium of industry players. An abrupt first-quarter earnings call on […]
A few weeks after the Brazilian Central Bank’s confirmation of the impending application of a new regulation limiting credit card interest rates left the South American country’s fintechs uncertain, the unicorn PicPay announced its entry into the corporate benefits sector to diversify its product portfolio. The Brazilian fintech will offer services ranging from payroll lending […]
While the banking system has been stable since that flurry of activity in mid-March it appears that another bank is going to fail. It is looking unlikely that First Republic Bank survives the weekend as regulators and other banks are circling. Also making news this week was Shopify announcing yet another fintech product, Cross River […]