Fintech

Banks and companies that use artificial intelligence to make loans agree with regulators that it should be tested for fairness. But they also say traditional loans could be just as biased.

The “money in the metaverse” isn’t in the metaverse right now—it’s in building the metaverse. Interest in purchasing digital real estate will create huge demand for metaverse mortgages. But “mortgage” isn’t the right analogy for purchasing metaverse real estate.

Scams like the one detailed in the recent Netflix documentary ‘The Tinder Swindler’ already were gaining in frequency before the coronavirus pandemic began, but their prevalence is now reaching new heights.

Adrienne Harris said the New York State Department of Financial Services will concentrate more on issues that have a big impact on people’s pocketbooks. The agency announced a move Monday that will likely save money for consumers who rely on check cashers.

The fintech-turned-bank has bet big on pro football marketing. Sunday’s game at SoFi Stadium should give its customer acquisitions a boost, analysts say.

Money is edging toward its biggest reinvention in centuries. Modern technology and even the coronavirus pandemic are pushing consumers to go cashless, and with alternative concepts like Bitcoin taking hold, central banks are acting quickly to ensure they don’t fall behind. Their promise is a payment system that is safer, more resilient and cheaper than private alternatives. The central banks of the Bahamas, the Eastern Caribbean Currency Union and Nigeria have already become pioneers in central

Spain's BBVA on Monday said it agreed to buy an additional 21.7% stake in Neon Payments for around $300 million after taking part in a share capital increase.

BlockFi Inc. is reportedly getting ready to pay $100 million in order to settle allegations from the US Securities and Exchange Commission (SEC).