According to data from the FDIC as recently as 2017 about 17 percent of Black households and 14 percent of...
The rising trend of ESG investment is wrought with confusion. In the face of rampant greenwashing, regulators are finally starting to react.
Japanese cryptocurrency exchange Coincheck was hacked and saw the theft of $543mn worth of customer holdings; the Japanese regulator, FSA, said it was concerned that most of the funds were kept in hot wallets online, instead of cold wallets offline; seeing that this is not the first hack of a hot wallet model the regulators might start mandating customer funds be held offline; nothing has been passed yet but the more thefts we see the more regulators will look to try and mitigate future issues. Source.
The Center for Financial Inclusion (CFI) has released a report discussing financial inclusion partnerships between financial institutions and fintech companies; findings from the report were generated from 24 in-depth interviews with individuals leading financial inclusion in the industry and highlights 14 financial inclusion partnerships identified by CFI as best-case scenarios; the partnership case studies cover four financial inclusion challenges including: access to new market segments, new offerings for existing customers, data management, and deepening customer engagement and product usage. Source
Kids fintech app Greenlight wants to help parents set up brokerage accounts that can be used for college tuition and big unexpected expenses.
Investors are souring on BNPL companies despite strong consumer demand, as the business model for short-term installment loans faces fee pressure, heightened competition from banks and the specter of a regulatory crackdown.
Less than six months after raising $8 million in seed funding, Chilean proptech startup Houm has raised $35 million in a Series A round led by Silicon Valley venture capital firm Goodwater Capital. Fifth Wall also participated in the financing, along with existing backers OneVC, Elad Gil, Liu Jang and new investors Fen Ventures, Broadhaven...
Tariff headwinds are causing a headache for many businesses with sprawling supply chains and large importers, yet small businesses continue...
Reuters is reporting that Softbank is in talks to invest in Nubank, the leading digital bank in Latin America; according...
The Web3 space, famed for its "tech bros" could hold the key to widespread gender diversity. Support of female development in the space is critical.