This week saw Plaid announce a new instant payments product, Visa is getting into P2P payments, venture capital funding for Q1, the CFPB director wants changes in bank supervision and we find out more details about Paze. Here are what I consider to be the top 10 fintech news stories of the week. Plaid Launches New […]
The word “crypto” has picked up a set of connotations in the U.S .that differ somewhat from early 2022. At its utterance, images of bountiful wealth and utopia have been replaced by a scandalized Senator Warren and an increasingly stern Gensler hunched over their microphones as they tell another crypto company why their business model […]
The third largest fintech ecosystem in Latin America, Colombia has been a coveted market for many startups undertaking regional expansion. The second most populous country in South America, with over 50 million citizens, leading digital banks such as Nubank and Uala set foot in Bogotá in the past two years. Both have successfully rolled out […]
The collapse of Silicon Valley Bank (SVB) will improve financial system health if it moves society towards decentralized systems, one fintech CEO says. A move to DeFi pulls the system away from single points of failure that caused the most damage over the past few weeks, Paystand CEO Jeremy Almond said. As he watched SVB […]
On today’s episode, I am joined by Ron Ross, Co-Founder, President & COO of Everee. Ron and I talk about his journey to starting a company, his CFO experience in raising capital, the problems with and incentives around payroll, the path to payday becoming every day, the Boston Red Sox, and much more. A couple of short […]
Dan Michaeli of Glia When we have a customer service issue with a bank, credit union, or fintech today, we often approach it with some trepidation. So many organizations provide a poor experience that is painful and frustrating for their customers. But we have the technology now for customer service to be exceptional. My next […]
Walmart Mexico, a division of the U.S. retailer, announced the acquisition of Mexican payments startup Trafalgar Solutions, which is expected to strengthen its digital wallet initiative. The retailer giant had said in early March that it had gained regulatory approval to buy a fintech institution. This week, it confirmed the company is Trafalgar but did […]
As it pivots to monetization, Nubank rolled out one of its core products for 2023. The digital bank began offering payroll lending recently to scale up its loan business and prop up how much revenue it extracts from its vast customer base. The Warren Buffet-backed company began testing payroll-deductible loans this quarter with its client […]
The Biden Administration’s recent decision to end the Small Business Administration’s (SBA) decades-log moratorium on licensing new lenders opens the doors for community banks and credit unions to meet the needs of underserved communities, industry representatives believe. Credit regulators for seeing through the obfuscation efforts of some incumbents. The SBA has lifted the moratorium on […]
A few months after consolidating its business in Chile, UPago, the Chilean recurring payments fintech, recently expanded its operations to two key countries in this financial segment: Mexico and Colombia. According to the company, this expansion aims to consolidate the fintech as one of the major players in LatAm, helping small businesses reduce payment costs […]