This year has not started well for loanDepot.
We first heard the news two weeks ago that the mortgage lender had suffered a cyber attack that shut down critical systems.
Yesterday, the CFPB proposed supervision of “larger nonbank companies that offer services like digital wallets and payment apps.”
House Financial Services Committee Chairman Patrick McHenry (R-NC) announced yesterday that he will not be seeking reelection to the North Carolina seat he has held for almost 20 years.
Over the years whether serving as the Committee Chairman or as the Ranking Member, he has been a tireless champion for financial innovation on the House Financial Services Committee.
No, you did not wake up back in 2021 but there is news this morning of a €285 Million (over $300m) fintech funding round.
Germany-founded but London-based SumUp has closed the massive funding round that is "mostly equity" which tempers our initial enthusiasm somewhat. But even a nine-figure equity round is enough to make the news these days.
Every quarter TransUnion releases its Credit Industry Insights Report. Their latest issue, released earlier this month, has some very interesting data.
Fraud is going to be top of mind for all financial institutions in 2024. Banks and fintechs alike are constant targets of fraud attacks.
It was interesting to read this morning about the experience of Regions Bank when it comes to check fraud.
There is never a dull moment in the Banking-as-a-Service space. Treasury Prime is the latest company to make news in the space.
Back in the go-go days of 2021 the two biggest names in crypto were known just by their initials: SBF (Sam Bankman-Fried) and CZ (Changpeng Zhao).
They often took to Twitter arguing with each other about where the market was going and whether certain tokens were overvalued. But there were no bigger names than SBF and CZ. They controlled the biggest crypto exchanges, outside of Coinbase: FTX and Binance.
Being a direct-to-consumer fintech can be expensive and difficult.
The path to profitability is often a long and winding one, so we have seen several companies pivot to B2B in the last year or so.
The biggest name in Silicon Valley venture capital over the last half-century is Sequoia. And the biggest name in European fintech is Klarna.