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.
Nubank is a fintech phenomenon. The numbers speak for themselves.
Today, the Brazilian digital bank announced that it has surpassed 100 million customers in the three countries it operates in: Brazil, Mexico, and Colombia. It is the first digital bank outside of Asia to hit that milestone.
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.
It was almost a year ago when FIS acquired embedded finance startup Bond. CEO Roy Ng and much of the team stayed on at FIS.
Today, we learned about the fruits of this integration. FIS has announced the launch of Atelio by FIS, its new embedded finance platform.
Two years ago, before the crypto meltdown of 2022, stablecoin issuer Circle announced that it was going to go public via SPAC at a $9 billion valuation.
But then, you know, 2022 happened (Celsius, 3AC, Luna, BlockFi, FTX, etc). So plans were quietly shelved in December of that horrible year for crypto.
In the kickoff to the Holiday shopping season, consumers are spending, with retail sales up 1.1% and e-commerce sales up 8.5% according to Mastercard SpendingPulse.
The fintech space, and the tech space more broadly, is enamored with company valuations. The term unicorn arose out of that fascination.
There are big changes coming to the world of interchange. Today, in a historic settlement, Visa and Mastercard have agreed to cap card interchange fees as they seek to end a legal fight that has spanned almost two decades.
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.
BNPL is showing no signs of slowing down. Consumers love this fintech innovation and now everyone seems to want in on the action.