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Fintech

·Oct. 29, 2021

Fintech earnings begin before Halloween

On Thursday, online lender Enova International posted a $52 million profit on $320 million in revenue, up 57% from the same time last year. In addition, total originations increased 26% sequentially to a record $856 million. Despite the good news, the stock saw only a 4% rise before falling back toward its downward trend this month.

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Fintech

·Nov. 1, 2021

Not a charity: How neobanks First Boulevard, Greenwood tackle wealth bias

"This is a bank. We're here to empower Black America, but why are you assuming that that means we're helping poor people?" First Boulevard COO Asya Bradley said this week at Money20/20 in Las Vegas.

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Fintech

·Nov. 1, 2021

Bank of America reinforces fraud prevention with latest product

Prior to initiating an electronic payment, a BofA client using the service can verify the status of an account and authenticate its owner.

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Fintech

·Nov. 1, 2021

Goldman Sachs is giving hedge fund clients crypto research from data firm The Block

The move by Goldman is a sign of increased demand from large investors for information and analysis about cryptocurrencies and related fields like DeFi.

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Fintech

·Nov. 1, 2021

Stablecoins Won’t Be So Stable, and That’s Fine

Stablecoins have gone from an obscure corner of crypto to near the center of it. Major institutions, such as Mastercard, are now trying to create alternate payment networks based on stablecoin and crypto.

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Fintech

·Nov. 1, 2021

Digital Lending Software Provider Blend Introduces Income Verification Feature

Digital lending software provider Blend (NYSE:BLND) notes that the way people work — and earn money — is quite different than it was in the past. However, income verification solutions haven’t been able to catch up with the latest developments, the Fintech firm claims. As

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Fintech

·Nov. 1, 2021

Banking + Investing on One Slick Mobile App: Retail Banking’s Future?

A neobank CEO personally buys a tiny bank as the next step in building a financial super app targeting poorly-served megabank customers.

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Fintech

·Nov. 1, 2021

Banks Tried to Kill Crypto and Failed. Now They’re Embracing It (Slowly). – The New York Times

Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.

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Fintech

·Nov. 1, 2021

Fintech And The End Of Money

In the (very plausible) fintech vision of the future of financial services, transactions will be settled through the transfer of baskets of assets between counterparties without the intermediary of money.

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