Kabbage is now accepting applications from small businesses under the Paycheck Protection Program (PPP); Kabbage recently stopped lending on March...
If the government does not delay, 2022 is the year that Washington gets serious about crypto.
In 2019, Marcus announced one of the biggest partnerships in the fintech space when it collaborated with Apple to introduce a consumer credit card, the Apple Card. More recently, it bought BNPL provider GreenSky, giving Marcus not only its flexible payments option but also direct access to its...
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Fintech firms should be using AI and LLMs today. Here is some advice on how to get the most out of these new technologies.
Mckinsey has released a new report on fintech; report focuses on seven changes in fintech that could affect the industry; factors include expanding scope, increasing diversity, improving collaboration, impending consolidation, normalizing valuations, shifting regulations and emerging ecosystems. Source
Starling is a challenger bank based in the UK; Boden speaks about Starling, open banking and how she came to discover fintech which in turn led her to founding Starling; Boden previously worked in executive positions at UBS, ABN Amro, RBS and AIB; Starling was founded in 2014 as an app-only bank; in an interview Boden stated: "…and in 2014, I started the journey to build a bank. And it's been a long process because you don't just build a bank overnight. We've done things the hard way in that I'm a big believer that things that are worth doing are things that tend to be quite hard – because easy things anybody can do." Source
In this session, Lauren Crossett, Head of Commercial at Pinwheel, Wajiha Ahmed, Senior Product Manager at Varo, and Erick Soto, VP of Product at Socure discuss how new income and payroll connectivity API solutions can enable use cases like automated direct deposit switching
Bloomberg and Quartz have recently been granted access to one of the largest bitcoin mines in the world operated by Bitmain; this Bitmain mine generates about a quarter of a million dollars a day worth of bitcoin; Bitmain's valuation is in the billions and the company is preparing for a possible IPO; Bitmain is also investing in an expansion to US. Source
With payroll lending, Nubank blazes a trail into secured lending, an asset that bears less risk than credit cards and individual loans.
I met with some friends the other day, who showed some stats that demonstrate that all FinTech is worth a third of all of the banking market worldwide. Source: CFTE’s Fintech Job Report [sum of largest 100 banks (market cap) vs sum of largest 100 Fintech companies (market cap + public valuations)] …