Fintech

Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Novi, the digital wallet payments pilot it launched last October, will be ending on on September 1.

Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.

Banks that rely on: 1) branches to attract and sell; 2) geography to determine who to sell to; and 3) customer experience to differentiate won’t produce acceptable levels of growth and return on assets.

The country's top SBA lender — the 'original niche bank' — bets big on embedded banking using a modern core. A key goal: low-cost deposits.

I think it is possible to believe that tokenisation will be huge and that defi protocols will have a serious role to play in the next generation of financial services while simultaneously being sceptical that cryptocurrencies will have a major role.

It's widely reported, there is a significant gender divide in fintech. Increased support of female leaders could make all the difference.

The ‘buy now, pay later’ giant was valued at $45.6bn in 2021.

A new Senate bill would help crypto firms access the Fed's payment system. But financial experts warn the move could destabilize the banking system....

'Innovation theater' in fintech labs is giving way to applications that will help banks better meet customer needs.