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Fintech Nexus Newsletter

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Every day the Fintech Nexus News team writes original stories from around the world, and we archive them chronologically on this category landing page.

Fintech Nexus Newsletter

·Mar. 25, 2024

Fintech Nexus Newsletter (March 25, 2024): Chime planning a potential 2025 IPO

Bloomberg reported on Friday that Chime is planning a 2025 IPO, according to "a person familiar with the matter." Chime is the largest consumer-facing fintech in the country and this blockbuster IPO has been anticipated ever since their massive 2021 funding round that valued the firm at $25 billion.

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LatAm

·Mar. 25, 2024

Latin America’s Banking as a Service Market to Reach $2B in 2024

Banking-as-a-Service (BaaS) is growing in popularity in Latin America and is expected to surpass $2 billion in market size this year.

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Fintech Nexus Newsletter

·Mar. 22, 2024

Fintech Nexus Newsletter (March 22, 2024): The DoJ’s suit against Apple has profound implications for fintech

Yesterday, there was a lot of talk about the Department of Justice’s anti-trust lawsuit against Apple. Simon Taylor called it the “biggest thing in fintech since Visa/Plaid.” American Banker gave us a history of the battles between banks and Apple over the years. And TechCrunch had no less than six articles covering this development.

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·Mar. 22, 2024

AI as a credit union fraud-fighting tool

If AI is properly deployed, it improves credit unions’ fraud decisioning capabilities, Provenir’s EVP for North America Kathy Stares believes.

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Regulation

·Mar. 21, 2024

Wisconsin becomes third state to pass an Earned Wage Access law

Earned Wage Access has specific legislation in Nevada, Missouri and now Wisconsin after the governor signed a new law this week.

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Fintech Nexus Newsletter

·Mar. 21, 2024

Fintech Nexus Newsletter (March 21, 2024): Spend management remains hot with Coast raising $25 million

During the height of the 2021-22 fintech VC boom, no sector was hotter than spend management. Companies like Brex, Ramp and Navan all raised massive rounds at multi-billion dollar valuations. While the category has cooled off, like most areas of fintech, it is still attracting capital from some big names in venture capital.

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TruStage delivers Payment Guard Insurance as digital lending insurance solution

Neither the lender nor the borrower want a loan default, now with this innovative new solution from TruStage the risk of default can be removed.

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Guest Post

·Mar. 20, 2024

Banking for the Unbanked: How BaaS is Driving Financial Inclusion

For the unbanked and underbanked, BaaS means easy access to financial services that meet their specific needs. By combining fintech's approach with the capabilities of traditional banks, BaaS fosters financial inclusion.

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Fintech Nexus Newsletter

·Mar. 20, 2024

Fintech Nexus Newsletter (March 20, 2024): BlackRock partners with Securitize to create tokenized fund

The world's largest asset manager continues to embrace crypto. Yesterday, it was revealed (here is the SEC filing) that BlackRock has created a fund called the BlackRock USD Institutional Digital Liquidity Fund that will be launched in partnership with Securitize.

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·Mar. 19, 2024

How AI Can Help Americans Achieve Financial Freedom in 2024

It’s impossible to escape a headline about generative AI these days, with many business leaders opining on its potential either to exponentially boost productivity or to destroy our workforce as we know it. Yet too few thought leaders have pointed to how generative AI can be harnessed to support everyday people in their journey to financial independence – especially the millions of Americans currently living paycheck to paycheck in an unusually shaky economy.

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