·
Fintech firms should be using AI and LLMs today. Here is some advice on how to get the most out of these new technologies.
Karen Webster of PYMNTS.com writes that Facebook’s new global crypto-based payments system, dubbed Project Libra, is reminiscent of a failed...
The Brazilian Central Bank has proposed allowing fintech companies to lend money without taking deposits; the bank is set to hold public hearings for the next two and a half months on the proposed rules; according to Central Bank Director Otávio Damaso the rules do not need congressional approval; the Brazilian fintech industry has grown sixfold in the past few years and now the regulators are looking to make the country more fintech friendly; banks will also be able to create their own fintech arms when the new rules take effect. Source
On episode 25 I talk with Duy Vo of Productfy. Productfy is a fast and easy developer-first platform for any company to build, test, and launch financial products.
Includes data from the UK, EU and the US; AltFi projects €2.8 billion to be lent in Europe in 2018 and £7.5 billion in the UK; this would represent a year over year increase of 73% and 43% respectively; overall 2017 was a bounce-back year for the marketplace lending industry across the globe. Source
Afterpay has teamed up with payments fintech Marqeta to help the buy now, pay later firm expand their presence and...
Account to Account payments, or A2A, are gradually making inroads in Latin America. Credit cards dominate the market, but that could change.
The New York Stock Exchange, operated by Intercontinental Exchange, has decided to go all digital and close the trading floor...
In a country where many people are still unbanked, and queuing to pay bills is part of daily life, the impact of being able to pay anyone instantly can't be understated.
JPMorgan Chase is the only U.S. bank with scalable businesses in every payments vertical; the bank has been investing and partnering heavily the last few years into payments innovation; they see checking accounts as checking and payments accounts; they have made moves into digital wallets, p2p payments, order and pay ahead apps and recently partnered to allow customers to send an receive electronic payments and invoices; the bank sees payments and banking as one in the same and with the recent news of their heavy tech investment for 2018 more innovation looks to be on the way. Source.