The CCAF released a report showing the impact of COVID-19 on fintech. The verdict? Growth and the potential for increased financial inclusion.
The results of TransUnion’s new global credit study challenge industry perceptions and give direction to serving new-to-credit consumers.
A Lendit Fintech and Amount white paper came back with results from 1,000-plus international banks, fintechs, and fin service providers building BNPL.
Rumours have surfaced that Wall Street heavyweight, Goldman Sachs, is looking to offload its Apple Partnership.
A new study conducted by the Center for Financial Services Innovation (CFSI) and Core Innovation Capital found that the underserved banking customer paid $141 billion in fees while at the same time accounting for $1.6 trillion in economic activity; the underserved or underbanked are defined as the 67 million who do not use a bank account but use prepaid cards and other alternative finance options to handle their money; according to CFSI president and CEO Jennifer Tescher, the biggest driver behind the fees are auto insurance and subprime installment lending. Source
With controversy around ESG investing coming to a head, solar loans could offer respite, doing good and doing well as an asset class.
Uber, the driving service, has launched a debit card product in Latin America, in conjunction with innovative bank, Bankaool; the continent as a whole demonstrates 1.1 mobile phone connections per capita, yet only 14% of the overall population has a traditional savings account; it's difficult to obtain a debit or credit card without being able to link it to a bank account with savings; Bankaool claims to be the first Mexican-based bank where you can fully open a bank account or obtain a card via an online application; Uber acknowledged that a payment card was essential for riders using its service. Source
Upstart's Q4 earnings showed a downward trend of losses, CEO, Girouard, remains positive despite cost cutting measures.
While many got swept up in the early days of the DeFi asset hype machine, others who saw its true potential began quietly plotting the path the space would need to get there.
It is hard to complete a successful digital transformation on the fly. It becomes much easier if you deploy a Digital Integration Hub.