While updates continue, the dust is settling from the initial failure of Silicon Valley Bank (SVB). The email sent from the newly appointed CEO of the FDIC-protected “Bridge Bank” gives one the sense that last weekend was just a bad dream. However, while customers have been protected, and founders can finally breathe a sigh of […]
Rates of digital fraud have returned to pre-pandemic levels, but the numbers of them have risen remarkedly in volume, according to a TransUnion report on fraud released on Wednesday. Insights from proprietary information and a consumer survey have found that the switch to more digital transactions since the COVID-19 pandemic shows that individual and organizational […]
Mexican fintech Konfio upsized its outstanding borrowing line with US firms Goldman Sachs and Gramercy to a combined $227 million to increase SME lending in the region. The fintech, which helps small businesses access loans, announced it had extended the financing by two more years and increased its size to 4.1 billion Mexican pesos, or […]
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It’s a first: OCR Labs Global claims it is the first company to independently verify that its identification verification software has been certified bias-free. In a future where we can expect to identify ourselves to access all kinds of products and services — not just online but in-person — news of zero-bias identification verification methods […]
We will be live-updating this story as new developments emerge. The latest Tuesday, March 14, 2023 Earlier today, newly appointed CEO Tim Mayopoulus sent an email to customers assuring the bank was doing everything to “rebuild, win back confidence, and continue supporting the innovation economy.” The Department of Justice announced they are formally investigating the […]
It seems Silicon Valley Bank, shuttered over the weekend to protect a run on deposits, is back to business as usual. Earlier today, newly appointed CEO Tim Mayopoulus sent an email to customers assuring the bank was doing everything to “rebuild, win back confidence, and continue supporting the innovation economy.” Tim Mayopoulus, CEO of Silicon […]
Max Levchin of Affirm Max Levchin is one of the giants of the fintech space. He was a co-founder and CTO of the original fintech, PayPal, and now he leads Affirm, the company that is reinventing how we pay for things at the point of sale. The buy-now-pay-later (BNPL) space continues to be hot. Consumers love […]
Last updated:Mar. 13, 2023 We will be live-updating this story as new developments emerge. Watch for updated details from our news team and social media throughout the weekend and into next week. The latest The story has moved quickly today, as The Federal Reserve announced that it is creating a new lending facility for the […]
Hi guys. Welcome to the Fintech Coffee Break. I’m your host, Isabelle Castro, and today I shared my coffee break with Jahed Momand, co-founder and general partner of Cerulean Ventures. Jahed Momand, Co-Founder and General Partner of Cerulean Ventures Cerulean Ventures is an investment firm that believes natural assets will unlock the next $50 trillion […]