It has been a lean legislative session in Congress for fintech. But this week some progress was made on earned wage access.
It’s almost a year since those fateful few days that toppled the crypto king from his throne, and at last, Sam Bankman Fried’s trial is over.
It is a bold or naïve CEO that prefaces a major announcement with the words, "This will shock the world".
New PayPal CEO Alex Chriss said exactly that in his first public interview since becoming CEO. That was a week ago and he was referring to major announcements that would happen at the company's Innovation Day that it conducted yesterday.
There have been quite a few fintech startups in recent months that have pivoted to B2B from B2C (Tally, HMBradley, Onyx Private for example), but we haven't seen any fintechs go in the other direction until Mercury announced their personal banking product today.
BNPL is showing no signs of slowing down. Consumers love this fintech innovation and now everyone seems to want in on the action.
We know consumers love BNPL, with millions preferring it over credit cards as a purchase method.
We also know that much has been written about consumers misusing BNPL and causing themselves financial difficulties.
Many people have called Capital One the original fintech.
Founded in 1994 by Richard Fairbanks and Nigel Morris (of QED) Capital One broke new ground as a monoline credit card bank that married technology and data science before that was a thing in banking.
The SEC is at it again.
Over the weekend we learned that the SEC has sent a Wells Notice to Robinhood regarding its crypto activities.
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.
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.