The top five stories in fintech this week are about Sam Bankman-Fried, Plaid and Adyen, AI regulation, Mint from Intuit and Funding Circle.
Card payment fees have been a long-standing issue for businesses. Pay by bank could be a solution. Plaid joins Adyen to make it possible.
Mercado Libre booked $359 million in profits from $129 million a year ago, driven by strong e-commerce in Mexico and growing fintech products.
The financial sector is set to see a shift in the light of proposed data rate rules. The impact on embedded finance may be unexpected.
Funding Circle has been approved by the SBA for one of three new licenses for its hallmark 7(a) small business lending program, the only fintech to be approved.
With the heightened cost of living battering UK PSPs, many consider Open banking to be the silver bullet, but with adoption at only 10% of the population, innovation is needed.
Embedded lending technology now allows any brand to offer high margin lending products quickly and easily.
The US is ranked highly for financial inclusion, but it faces dropping further amidst waning Government and Employer support.
SoFi reported their financial results for Q3 2023 and showed considerable improvements across all areas of their business.
As fintechs and tech giants engage in finance through embedded solutions, banks may need to become the center of their own digital ecosystem.