Monzo CEO Tom Blomfield started the bank in 2015 after a few stints at other fintech firms and a stop...
Affirm has struck a partnership with Shopify to power their buy now pay later product; “We’re super excited to be...
On episode 48 I talk with Adam Nash of Daffy.Daffy’s mission is to help people be more generous, more often. ...
The Volcker Rule was enacted in the aftermath of the 2008 financial crisis to prohibit banks from some of their riskiest activities; the rule is having a damaging effect when it comes to smaller banks who wish to work with fintech companies; according to the rule, banks cannot engage in proprietary trading and it limits banks from making investments in hedge and equity funds; smaller banks like community banks and credit unions don't have the resources of big banks to build out new technology so they look to partner with fintech firms; the limitations force these banks to invest in individual companies rather than funds who could potentially invest in a portfolio of companies; policy makers are looking toward Volcker Rule adjustments and the OCC recently signaled changes could be coming soon; while regulation has helped to curb abusive practices in financial services it would help to tailor legislation in a more specific fashion. Source
With the acquisition, Omie expands its banking, credit, and payment services portfolio focused on small and medium enterprises
Online small business lending platform Biz2Credit announced today that they have closed their Series B funding round; the $52 million...
Serial fintech entrepreneur Walter Cruttenden founded Acorns with his son, Jeff, in 2012 with the goal of helping low- and middle-income households invest and save responsibly. The pair wanted to simplify investing for the millions that have trouble getting started or continuing to invest. Then in 2018, Walter went live with a new company —...
In episode 364 we talk with Kareem Saleh, the CEO and Founder of Fairplay where we discuss fairness in underwriting models and why we have to do better as an industry in eliminating bias...
Online and mobile bill payments are rising, but so are late and missed payments. One surprising reason: confusing banking bill pay apps.
Klarna is well known for their buy now, pay later offering and is now launching a customer loyalty program called...