These numbers consolidate Nubank as the fifth-largest financial company in Brazil by customers.
The FDIC proposed new standards for companies seeking an ILC charter including parent companies agreeing to examinations, specialized capital and...
Beginning in June ads promoting cryptocurrencies and ICOs will be banned on Google; this follows a recent ban from Facebook; both companies have a large share of internet ads and combined collected 60% of online ad spend in 2017; many cryptocurrencies fell on the news. Source
Thomas Curry, Comptroller of the Currency, gave more insight on the Office of the Comptroller of the Currency's (OCC) plans for fintech regulation at a banking and innovation conference in London; Curry reported that regulation would be consistent with current banking standards, noting in his comments that, "if the OCC decides to grant a national charter in this area, the institution will be held to the same high standards of safety, soundness and fairness that other federally chartered institutions must meet"; the OCC is continuing with its plans for an Innovation Office and Curry said he would be releasing a white paper on fintech innovation. Source
An article produced in collaboration with the SWIFT Institute shares the current state of the market between fintechs and banks;...
LendingClub announced Q2 2022 results Wednesday, showing a firm resistance in the face of turbulent markets that sent the stock price up after hours.
Banking is at an interesting inflection point. There is better technology available today than ever before that can really help banks run more efficiently as their customers are demanding faster and more user-friendly services. At the same time, looming over the horizon is blockchain technology, DeFi, stablecoins and more that could make some of today’s cutting-edge technology obsolete. My next guests on the Fintech One-on-One podcast are living at the center of this conundrum. Ryan Zacharia and Adam Aspes are […]
New academic research on Bitcoin’s early years undermines its foundational myths of privacy through pseudonymity and decentralization, Jaron Lanier and Glen Weyl write.
A chat about challenger banking in the US with Revolut’s US CEO Ronald Oliveira New Fintech Promises Higher Returns On...
Covering global payments and ecommerce, Nium is now valued at over $1bn, with a run rate topping $100m, and has attracted over $200m funding in 2021 alone.