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
Michele Alt, Partner and Co-Founder of Klaros Hi guys. Welcome to the Fintech Coffee Break. I’m your host Isabelle Castro, and today I shared my coffee break with Michele Alt, Partner and Co-Founder of Klaros. Klaros is an advisory and investment firm focused on innovation in Financial Services, helping clients navigate the difficult regulatory landscape […]
Last month, credit risk decisioning firm Provenir announced strong revenue and customer-base growth in 2022. The international firm, whose US headquarters are located in Parsippany, NJ, said in a release on Feb. 14 it grew its revenue by 35 percent last year while increasing the number of customers by 24 percent. In 2022, Provenir introduced […]
Web3 is still in its early days, but Gateway.fm is re-envisioning how the industry must proceed to reach mass adoption. Even then, there are many crucial issues to overcome. A decentralized blockchain node developer, the Norway-based company recently raised $4.6 million from a group led by Lemniscap. Its offerings begin with Gateway Access, a dedicated […]
After months in the making, Credit Suisse’s house of cards has finally fallen. This weekend has been dominated by an imminent possible takeover by its rival, UBS. There were rumblings on Wednesday when it was reported that the Swiss National Bank had stepped in to save the floundering institution. With a $54 billion loan facility, […]
LatAm fintech Belvo launched an Open Finance payment initiation solution in Brazil seven months after gaining approval from the Brazilian Central Bank. According to the company, the new product will function as a gate for users to initiate payments directly inside third-party apps and through the popular payments system Pix without the need to access […]
My colleague John White said it best in our newsletter yesterday: the week that felt like a year. Books will be written and movies will be made about the last seven days as it was the most dramatic week in finance since the financial crisis of 2008. The good news this week was that the […]
Last updated:Mar. 17, 2023 We will be live-updating this story as new developments emerge. The latest Friday, March 17, 2023 The Washington Post reports that regulators may have dropped the ball on SVB’s collapse. Thursday, March 16, 2023 A consortium of lenders saved First Republic Bank. Tuesday, March 14, 2023 Earlier today, newly appointed CEO […]