The report found that the traditional playbook of developing branches and building relationships may count "for little in a world where a mobile phone is the principal' real estate', and word-of-mouth – often via social media – becomes the most powerful form of validation."
The world's central banks are turning towards CBDCs and real-time payments. FIS has launched infrastructure to support them.
A liquidity crunch can be devastating for a digital lender. Here are some ways for lenders to prepare and combat these difficult times.
In this week's LendIt TV session we learned about the state of central bank digital currencies (CBDCs) with experts from the USA, Europe, and China.
Since before bitcoin blew up in 2018, leading financial minds the world over have been researching the implications of institutionally created currencies for use as digital cash, to settle interbank deposits, and for monetary policy development.
For the past two decades, the investment banking ecosystem in fintech has been dominated by one player: Steve McLaughlin's FT Partners. Now, that is not to say that other investments have not done deals. The really big deals are often done by the likes of Goldman Sachs, Morgan Stanley, or JPMorgan Chase.
According to Moni's statement, the fintech plans to use the capital raised to expand consumer credit to the population of Argentina.
Fintechs are developing at lightning speed, many form with an altruistic purpose, but what happens when interests are conflicted?
Creating a responsive chatbot is hard work, but it is a must if financial institutions want to attract and retain younger clients.
Fintechs have touted the importance of cashflow data in underwriting. This week, the CFPB published their evidence to support the approach.
Brazil and India are leading instant payment growth, with Pix and UPI accounting for over a third of total instant payments worldwide.