The reality is that 33.5 million people in the US are still unbanked and underbanked; traditional banks have historically avoided...
CRiskCo joins Provenir Marketplace to accelerate digitalization for Mexican banks and Sofomes. Provenir and CRiskCo recently announced a new partnership to accelerate the small business lending process. - PR12893628
The competition for deposits continues as Wealthfront has raised the interest rate on their cash account from 2.29% to 2.51%;...
Railsbank offers an open banking and regtech platform and last raised a $10 million Series A in September 2019; the...
Celsius CEO Alex Mashinsky resigned on Tuesday, three months after the crypto lending scheme lost investors billions.
Volt, a challenger bank in Australia has raised $70 million in a Series C round; they have now raised $100...
Sweeping payment-trends study confirms preeminence of mobile money everywhere retail purchases are made. Real-time payments are also surging.
Mexican Konfio upsized its borrowing line with Goldman Sachs and Gramercy as it seeks to increase SME lending in the region.
Anthony Noto will serve as CEO and Director effective March 1; Interim CEO Hutton stated, “We are simply thrilled to have found someone of Anthony’s expertise and knowledge to lead SoFi. The SoFi board unanimously agrees that Anthony’s deep understanding of technology, consumer, and financial businesses make him the perfect fit to be SoFi’s CEO. We could not be more excited to have someone of his caliber on board.”; Noto has previous experience as COO of Twitter and also worked for Goldman Sachs. Source
While BNPL has garnered most of the headlines in recent years, developments in embedded lending may end up having a more lasting impact on point of sale financing