Consumer advocates and fintechs say the traditional credit score and lending systems that use it are murky and perpetuate bias. FICO’s leader points out that new FICO scores use expanded data sets, just as fintechs do.
Fintechs have started to follow the Fed and slash rates on savings accounts by an average of 1 percent; the...
(Bloomberg) -- Brazil’s massive interest-rate hikes are hampering the business model for financial technology firms including Warren Buffett-backed StoneCo Ltd. and PagSeguro Digital Ltd., who had been offering cheaper loans and services than big banks and growing at a furious clip.
Echoing across the fintech world, news broke today that Plaid will pay JPMorgan Chase for their customers’ data. “The data...
Finastra, a technology vendor to credit unions and small banks, is adding the Bakkt digital asset app to its platform. This will allow clients' customers to buy, sell and hold digital assets like Bitcoin.
The current pandemic has shaken our world in ways most of us could not even imagine and fintech companies have...
In 2018 fintechs proved to be relevant disruptors and their equity value continued to outpace incumbents. Looking ahead to 2019,...
As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.
Companies like Euronet are focused on the international use cases for real-time payments that often get overlooked by domestic transaction rails.
Digital upstarts like Square, Stripe and PayPal are invading community banks' turf by appealing to local merchants with a mix of electronic payments and lending. Small banks are fighting back by leaning into digital services while maintaining their personal touch.