The following is a guest post by Konrad Alt and Patrick Haggerty of Klaros. If you managed an FBO account of any size at Silicon Valley Bank last weekend, you knew three things: Using the concept of “pass-through” deposit insurance, the FDIC has long held that customers whose funds are in FBO accounts enjoy deposit […]
Brazilian digital bank PicPay, the financial arm of the J&F group, reversed the negative result of $98 million suffered last year by reporting a net profit of $3.8 million — the first registered profits since its foundation — anticipating in such a manner the company’s break even. Picpay was expecting to break even only in […]
The final part of the IPCC’s sixth extensive Assessment Report has been published with a sobering warning for the climate crisis – it’s now or never. The UN secretary general, António Guterres, said, “This report is a clarion call to massively fast-track climate efforts by every country and every sector and on every timeframe. Our […]
E-commerce giant Mercado Libre announced a record investment of $3.6 billion in Brazil, with its fintech business as one of the drivers for growth in Latin America’s largest economy. Mercado Libre, which trades in U.S. markets with a capitalization of $60 billion, will deploy 19 billion Brazilian reais in 2023 to bolster its business in […]
Latin America payments unicorn Ebanx expects significant growth in alternative payment methods in the years ahead as e-commerce continues to grow in the region. A similar trend will also replicate in other, less developed markets such as Africa. Initially from Brazil, the fintech, recently authorized as a Payment Initiator in its home country, has expanded […]
A record-setting fourth quarter and full year have MoneyLion co-founder, and CEO Dee Choubey excited about what comes next. The company recently released its financial results for Q4 and 2022’s year-end. The numbers Customer acquisition was strong, with 1.1 million added in the fourth quarter. For the full year, customer totals nearly doubled, reaching 97% […]
Fintech Nexus USA is coming in fast, and with it, the 6th annual Fintech Nexus Industry Awards. For the first time since 2019, the award ceremony will be held at the end of the USA event, taking place on May 11, 2023, at the Edison Ballroom, NYC, at 6 p.m. EST. The ceremony celebrates fintech, […]
On Thursday, March 9, Don Muir, Co-Founder and CEO of Arc, got an inkling that the SVB failure would be significant. As stocks of the bank started to plummet, companies turned to fintech, desperately trying to find alternatives. “We were receiving a deluge of inbounds from startups rapidly trying to open bank accounts,” he said. […]
Join us for our live weekly news roundup show with hosts Todd Anderson and Peter Renton, with special guest Stephany Kirkpatrick of Orum. This fast-paced show features the content leaders of Fintech Nexus discussing the biggest fintech news stories of the past week. The show kicks off at 5 p.m. EST. Fintech Nexus Staff This […]
Matt Bodkin Matt is a seasoned editorial cartoonist with a Bachelor of Fine Arts from Long Island University. He brings a strong background in the newspaper industry and skills in arts and design to his work. He aims to distill complex issues into funny doodles that resonate with readers. View all posts