Fintech Nexus Newsletter

It has finally happened. More than a decade after receiving the first spot bitcoin ETF application the SEC gave its approval yesterday. While this was widely expected, it wasn't a slam dunk as demonstrated by the tight vote: 3-2 in favor with SEC Chair Gary Gensler providing the deciding vote.

As we hear tell of Mint's demise it becomes clear that the market for personal finance management is evolving beyond just budgeting.

The CFPB continues its attack on all kinds of junk fees charged by banks. This time they are targeting credit card late fees.

Global fintech behemoth FIS has signed a new partnership with Banked to expand pay-by-bank options for consumers and small businesses. Banked has created an alternative payment rail based on account-to-account (A2A) connectivity and powers real-time payments through this technology.

Anyway you slice it, we have not been doing a good job in stopping money laundering. It is estimated that we only catch 1-2% of all illicit money flowing through the banking system. Yet as an industry, we spend many billions of dollars in this fight.

Today, Visa announced a new suite of payments capabilities called Visa Commercial Pay. This is a suite of B2B payments tools targeted at corporations.

The credit bureaus are becoming fintech companies. In an industry first, Experian is now offering a digital checking account and debit...

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.

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

Savings and investing fintech Acorns has been relatively quiet since it acquired the UK neobank for kids, GoHenry, six months ago. Now...