Despite some recovery, the reality is most banks have not been generating a sufficient return on equity to cover their cost of capital.
The first big fintech event of the year, Fintech Meetup, took place March 3-6 at The Venetian in Las Vegas. Here are some thoughts from the event.
As fintechs and tech giants engage in finance through embedded solutions, banks may need to become the center of their own digital ecosystem.
Bank lending is often the least expensive form of financing but it is not often a consideration at the point of sale. Advances in embedded lending now makes this possible.
AI occupies executives’ thoughts in many ways, according to the results of Sopra’s third annual Digital Banking Experience Report.
The funds will be used to expand Baubap’s financial products and provide 3 million new loans over the next 12 months.
By leveraging the benefits of artificial intelligence and looking at cash flow issues from the consumer’s perspective, Beem has grown to be one of the 50 most-downloaded financial apps in the world.
Beem is partnering with U.S. insurance, investment and technology provider TruStage to offer the latter’s Payment Guard Insurance as an additional layer of financial security for its members.
This is the first acquisition in the history of the Open Finance platform, which was created in 2019 by Pablo Viguera and Oriol Tintoré.
According to Belvo, the new product will function as a gate for users to initiate payments directly inside third-party apps.