Fintech Nexus Newsletter

The Wall Street Journal is reporting that Apple has indeed decided to move on from Goldman in roughly 12 to 15 months. This will mean both the Apple Card and the savings account (that was rolled out just a few months ago) will need a new banking partn

Every quarter TransUnion releases its Credit Industry Insights Report. Their latest issue, released earlier this month, has some very interesting data.

Bhardwaj had reportedly held senior technology positions at various large banks including Citi, Fifth Third and Huntington. The trouble is those banks had no records of Bhardwaj ever being an employee let alone a senior technology executive.

The OpenAI story was eclipsed yesterday by monumental news in the world of crypto. The world's largest crypto exchange, Binance, has agreed to pay $4.3 billion in fines to the U.S. government for violating anti-money-laundering requirements. 

Yesterday, the SEC announced that it is suing Kraken for operating as an unregistered securities exchange. This follows similar actions in June against the two largest crypto exchanges, Coinbase and Binance.

The Israel-Palestine conflict rages on, and for many fintech workers in Tel Aviv, life has had to continue through the chaos.

For some time Fnality has focused on the development of a wholesale payments system built on blockchain. Today, they closed a funding round to help launch.

Zelle has started refunding imposter scam victims, after years of banks questioning their responsibility to do so.

Today, the company announced that they had added a programmable payments feature to their private permissioned blockchain-based JPM Coin.

Yesterday, the CFPB proposed supervision of “larger nonbank companies that offer services like digital wallets and payment apps.”