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.
Fintech Nexus Newsletter (March 14, 2024): Two fintechs are thriving one year on from the SVB crisis
This week marks one year since many fintechs thought their world was ending.
Almost every venture-backed fintech company banked with Silicon Valley Bank and for three harrowing days last March, many wondered if all their non-FDIC-insured money sitting at Silicon Valley Bank would be safe.
Stripe has, for some time, been one of the leading fintech companies globally when it comes to scale.
But the numbers it revealed today in its annual letter are truly staggering. It processed $1 trillion, around 1% of global GDP, through its platform in 2023. It crossed that milestone just 15 years after it was founded.
A lack of financial literacy can be devastating to maintaining financial health.
The big problem is that most people find financial literacy programs boring and don't stick to it. Many fintechs and banks have tried to counteract this by creating gamified learning.
The fintech space, and the tech space more broadly, is enamored with company valuations. The term unicorn arose out of that fascination.
You may remember a few months ago when PayPal launched Tap-to-Pay on Android for merchants using Venmo and Zettle. Yesterday, the fintech behemoth announced that the feature has now been added for iPhone users.
The New York Community Bank saga has occupied the headlines for much of the past month. But the bank may finally be seeing light at the end of the tunnel.
Yesterday, NYCB received a $1 billion infusion of capital from a group that included former Treasury Secretary Steve Mnuchin and former OCC head Joseph Otting.
In the new Apple iOS 17.4 update there is a little something for fintech enthusiasts: a new API called FinanceKit. This is another example of Apple edging its way into open banking after last November the company allowed UK users to connect outside accounts.
The CFPB continues its attack on all kinds of junk fees charged by banks. This time they are targeting credit card late fees.
So far this year we have seen so many negative stories about banking as a service. You could be forgiven that BaaS is dying a slow and painful death.