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Fintech

Fintech
·Dec. 16, 2021

It’s not FinTech vs Bank or CBDC vs Crypto

I’ve seen a lot of discussions of adversaries. It’s FinTech versus Bank, central bank currencies versus decentralised currencies. The commentary makes it appear like a big battle. I disagree. It’s not a battle or a war. It’s a change to the system based upon progress, development and technology. For example, …
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Fintech
·Dec. 16, 2021

The Convergence of Fintech & Banking Is Transforming Business Lending

The trend isn't the end of relationship banking, but partnering and a niche market focus will be essential, especially as CRE lending slows.
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Fintech
·Dec. 16, 2021

Bill payment app Papaya raises $50 million

Papaya, a mobile application that simplifies bill payments for US consumers, has picked up $50 million in a Series B...
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Fintech
·Dec. 16, 2021

Crypto investor Katie Haun is leaving Andreessen Horowitz to launch her own fund

One of the world’s top crypto investors is leaving Andreessen Horowitz to start her own venture capital fund. Read the...
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Fintech
·Dec. 16, 2021

Fintech, CDFI offer small-dollar loan with new twist

Asenso Finance and a community development financial institution, the National Asian American Coalition, have developed a loan aimed at borrowers with limited credit histories. The underwriting relies in part on alternative data and borrowers are required to take financial literacy courses.
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Fintech
·Dec. 16, 2021

Large Companies Have Generated $3.7B in Bitcoin Gains: Nickel Digital Asset Management Report

Recent analysis from London-based Nickel Digital Asset Management reveals 20 listed companies with a market cap north of $1.0 trillion have around $9.6 billion invested in Bitcoin. They originally spent $5.9 billion buying the cryptocurrency. North American corporations dominate the listed company investment in Bitcoin
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Fintech
·Dec. 16, 2021

Crypto ads banned by UK watchdog for failing to highlight risk

The U.K. advertising watchdog banned seven cryptocurrency ads on Wednesday and said they must not appear again. Read the full...
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Fintech
·Dec. 16, 2021

QuickBooks rebrands checking account, launches new bank offerings

Intuit's QuickBooks unveiled Wednesday a rebranding of its integrated small business bank account QuickBooks Cash as QuickBooks Checking.
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Fintech
·Dec. 16, 2021

Mobile bill payment app Papaya raises $50M Series B

Papaya, a mobile payment platform that reduces bill pay friction, announced raising a $50 million Series B funding round.
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Fintech
·Dec. 16, 2021

Banking regulators must root out bias in AI-based lending

The use of artificial intelligence and machine learning in financial services, while promising, is not without risk. It's on federal regulators to ensure that algorithms relied on by banks and credit unions aren't harming businesses and consumers.
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