Earned wage access can provide a solution to an underserved population in need of cash, but fee structures may need clarification.
TradFi's adoption of DeFi infrastructure is ongoing, despite its negative press. Could this mean mainstream integration is close?
The Financial Health Network released a study on overdraft fees highlighting that it is still a problem for the financially vulnerable.
In a world where user experience is do or die, fintechs lose wallet share and loyalty due to mistakes around frontend design and development.
Watch the replay of our weekly news roundup show with hosts Peter Renton and Todd Anderson, with special guest fintech entrepreneur Ron Shevlin, Chief Research Officer at Cornerstone Advisors.
Latin American fintech Kiwi raised $80 million in funding to boost lending to underbanked Latino migrants in the United States.
Lenders have long identified the need to develop better scoring models that include those with thin or no credit files, but the problem persists, Credolab’s CSO Michele Tucci said. Credolab tackles the problem using privacy-consented and permissioned data through smartphones and web pages.
Although some of the prototype design challenges could limit usage, exploration of the CBDC shows positive steps.
Nubank is developing a risk appetite for unsecured loans, while it expects to roll out payroll lending in the following quarters.
Tokenization has been set for some time to cause disruption but open finance incorporation may be key to realize its growth.