Savings and investing fintech Acorns has been relatively quiet since it acquired the UK neobank for kids, GoHenry, six months ago. Now...
There is a new report out today that looks at the impact of generative AI on the workforce and what industries will be most impacted.
We have heard before that white-collar jobs, those people with college degrees will be most impacted. This report tries to quantify some of this impact.
TransUnion, one of the big three credit bureaus, has launched a new data analytics platform called OneTru.
The new platform will offer banks and fintechs AI and ML tools for addressing a variety of credit, anti-fraud and marketing needs.
Caitlin Long, the CEO and founder of Custodia Bank, has been fighting for access to the Fed payments system for many years. Custodia first applied for a Fed master account in October 2020.
After her application was endlessly delayed, she sued the Fed to review her application. They eventually did and ruled against her. So, she sued the Federal Reserve again.
Late Friday, we learned that Synapse has filed for Chapter 11 bankruptcy and that its assets will be acquired by payments infrastructure company TabaPay.
This will not come as a surprise to anyone who has been following the slow-moving Synapse saga for the last 12+ months. The company had done multiple rounds of layoffs and had an ongoing dispute with Mercury.
During the height of the 2021-22 fintech VC boom, no sector was hotter than spend management.
Companies like Brex, Ramp and Navan all raised massive rounds at multi-billion dollar valuations. While the category has cooled off, like most areas of fintech, it is still attracting capital from some big names in venture capital.
Today, Google has announced a pilot program with Affirm and Zip to bring BNPL natively into the Google Pay wallet.
Consumers continue to choose BNPL as a payment option and its popularity continues to grow, particularly during the holiday shopping season.
The Biden Administration may have avoided AI-induced chaos by issuing a sweeping executive order to manage the risks of AI.
The CFPB has just released a 90-page report on the use of overdraft and Non-Sufficient Fund fees and it paints a bleak picture for those consumers that are struggling financially.
This is happening even though the CFPB has been attacking these kinds of "junk fees" over the last couple of years.
As the price of bitcoin goes, so goes Coinbase.
Bitcoin hit an all-time high in the first quarter, and Coinbase reported its best-ever results. The company made $1.18 billion in net income on total revenue of $1.64 billion. Those are impressive numbers, any way you look at them.